Optimal Robotics Corp.
Statement of Operations
(unaudited)
(stated in United States dollars, unless otherwise noted)
Three Months Ended March 31,
1998 1999
(dollars in thousands, except per share data)
Income Statement Data:(Canadian GAAP)Revenues
Systems $ 469 $ 4,926
Development 44 68
Hardware and software
maintenance 12 96
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525 5,090
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Cost of Sales
Systems 356 4,196
Development 17 23
Hardware and software
maintenance --- 125
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373 4,344
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Gross Margin 152 746
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Research and development,
net of tax credits 33 60
Selling, general,
administrative and other
expenses 922 1,151
Amoritization of capital assets 34 49
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Operating loss (837) (514)
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Other
Investment income 111 29
Foreign exchange loss (73) (90)
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38 (61)
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Net loss for the period $ 799 $ 575
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Weighted average number of
common shares outstanding 7,426,133 7,525,142
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Net loss per common share $ (0.11) $ (0.08)
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Optimal Robotics Corp.
Balance Sheet
(stated in United States dollars, unless otherwise noted)
December 31, March 31,
1998 1999
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(unaudited)
(dollars in thousands)
Assets
Current assets
Cash $ --- $ 570
U.S. Treasury bill,
at cost 538 545
Short-term investments 5,525 4,119
Accounts receivable, net of allowance for
doubtful accounts of nil 1,220 4,153
Inventory 1,401 1,407
Tax credits receivable 114 156
Prepaid expenses 3 36
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8,801 10,986
Loans receivable 162 163
Capital assets 366 415
Deferred share issue costs --- 578
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$ 9,329 $ 12,142
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Liabilities
Current liabilities
Loans from broker $ --- $ 2,155
Accounts payable and
accrued liabilities 1,233 2,174
Deferred revenue 125 340
Current portion of contract
advance 125 ---
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1,483 4,669
Contract advance 250 250
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1,733 4,919
Shareholders' Equity
Share capital 16,850 16,931
Other capital 23 23
Cumulative translation
adjustment --- 121
Deficit (9,277) (9,852)
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7,596 7,223
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$ 9,329 $ 12,142
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