Hi all:
Earnings just announced after the market close today on Monday.
Any Comment?.
Covad Communications <COVD.O > Q1 results
SANTA CLARA, Calif., April 26 (Reuters) -
COVAD COMMUNICATIONS GROUP, INC.
Financial Highlights
(Dollars in thousands, except share and per share data)
(Unaudited)
Three Months Ended
March 31,
1999 1998
Revenues $ 5,596 $ 186
Operating Expenses:
Network and products costs 4,960 203
S,G & A expenses 18,113 1,944
Amortization of
deferred compensation 1,653 227
Depreciation and amortization 4,647 164
Total operating expenses 29,373 2,538
Income (loss) from operations (23,777) (2,352)
Net interest income (expense) (5,127) (429)
Net income (loss) $ (28,904) $ (2,781)
Basic and diluted net income
(loss) per common share $ (0.84) $ (0.59)
Weighted average shares used
in computing net loss per share 35,747,985 4,745,440
Other Data:
EBITDA (1) $ (17,477) $ (1,961)
(1) EBITDA is defined as earnings (losses) before interest, taxes,
depreciation, amortization, non-cash stock based compensation and
other non-operating income or expenses.
16:43 04-26-99
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