Well, not exactly...
July 29, 1999 16:49
WAVO names Peter White president
PHOENIX, July 29, (Reuters) - Wavo Corp. on Thursday named Peter White
president, replacing David Deeds, who will remain the company's chairman and chief executive.
White previously served as president of the Newscast product division of the Company.
Wavo partners with providers of news, business data, Internet-based content and multimedia programming to deliver communications equipment and services. ((Los Angeles newsdesk, (213) 380-2014))
PLUS>>>>>>>>>>...
July 29, 1999 17:05
TABLE - Wavo Q2 results
PHOENIX, July 29 (Reuters) -
Wavo Corporation
Consolidated Statements of Operations
(Unaudited)
(in thousands, except per share data)
Three Months Ended Six Months Ended
June 30, June 30,
1999 1998 1999 1998
Revenues:
Information delivery
services and
communication
systems $4,498 $5,169 $8,459 $9,309
Subscription and
fee services 1,543 1,646 3,260 2,921
Total revenues 6,041 6,815 11,719 12,230
Cost of revenues 3,144 3,350 6,111 6,336
Gross margin 2,897 3,465 5,608 5,894
Operating expenses:
Research and
development 3,004 2,632 6,110 4,883
Sales and marketing 3,691 3,652 6,946 6,709
General and
administrative 1,424 1,611 2,949 3,099
Amortization 413 634 812 1,257
8,532 8,529 16,817 15,948
Other (income) expense:
Interest expense 43 58 100 111
Interest (Income) (126) (230) (339) (446)
Other -- (1) 12 (5)
(83) (173) (227) (340)
Net loss (5,552) (4,891) (10,982) (9,714)
Less: Preferred
stock dividends 138 439 276 1,016
Net loss after
preferred stock
dividends (5,690) (5,330) (11,258) (10,730)
Basic and dilutive
net loss per
common share (0.19) (0.23) (0.38) (0.50)
Basic and dilutive
net loss per
common share after
preferred stock
dividends (0.20) (0.25) (0.39) (0.55)
Number of shares
used in per share
calculation 28,730 20,905 28,652 19,603
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