My guess is 17 cents
With all the info available on SI it is still difficult to get the important data.
My main problem is that all official data include the merger cost, amortization
of intangibles and the costs related to the preferred stock deal with Vulcan Ventures.
So an analyst or investment manager of an institution is seeing red ink if he goes
through the data.
The company financials of GNET on SI show a loss of US 6,50 per share for 1999.
The profits reported next week will be pro forma, but none of the SI data sources
show that kind of data.
My guess of pro forma earnings, assuming this is the way to calculate it....
(data for last quarters from SEC annual report)
Fiscal 2000 FISCAL 1999 QUARTER ENDED
Estimation ----------------------------
DEC. 31 SEPT. 30 JUN. 30
------------- ----------- -------------
Revenue................. $+13,000,000 $ 9,783,748 $ 5,726,004
Cost of revenue......... - 2,300,000 1,772,125 1,205,310
Gross Profit............ +10,700,000 8,011,623 4,520,694
Operating expenses:
Sales and marketing... - 3,800,000 2,729,322 1,481,248
General and
administrative...... - 3,000,000 2,370,730 1,751,192
Product development... - 2,000,000 1,251,470 634,711
Pro forma Operat. income + 1,900,000
Interest income......... + 3,400,000 3,659,440 2,422,248
PRO FORMA RESULT*** + 5,300,000
Shares outstanding 30,330,000
Per share 0.17
*** may be someone can correct me if I left out elements that should be included
into the pro forma calculation.
Regards,
Pareto |
