Financials for the quarter
NETSILICON INC.
(unaudited)
Three months ended Fiscal year ended
January 31, January 31,
2000 1999 2000 1999
NET SALES $8,362,500 $4,959,000 $31,840,900 $13,373,000
COST OF SALES 3,654,700 2,619,000 15,040,200 7,270,400
GROSS MARGIN 4,707,800 2,340,000 16,800,700 6,102,600
OPERATING EXPENSES
Selling and
Marketing 2,299,700 1,073,600 7,560,300 3,336,400
Engineering,
research and
development 810,000 533,000 3,466,200 2,152,500
General and
Admin 1,083,800 681,000 3,550,500 2,194,400
TOTAL OPERATING
EXPENSES 4,193,500 2,287,600 14,577,000 7,683,300
OPERATING
INCOME (LOSS)
FROM CONTINUING
OPERATION 514,300 52,400 2,223,700 (1,580,700)
Interest income
(expense) 275,000 (217,000) (206,100) (551,700)
INCOME (LOSS)
FROM CONTINUING
OPERATIONS
BEFORE INCOME
TAXES 789,300 (164,600) 2,017,600 (2,132,400)
Income tax benefit
(expense) -- -- -- --
INCOME (LOSS)
FROM CONTINUING
OPERATIONS 789,300 (164,600) 2,017,600 (2,132,400)
LOSS FROM
DISCONTINUED
OPERATIONS -- -- -- (289,800)
NET INCOME(LOSS)789,300 (164,600) 2,017,600 (2,422,200)
INCOME (LOSS) PER
COMMON SHARE
From Continuing
Operations
Basic 0.06 (0.02) 0.18 (0.21)
Diluted 0.05 (0.02) 0.17 (0.21)
SHARES USED IN
PER SHARE
CALCULATION
Basic 13,537,500 10,000,000 11,326,600 10,000,000
Diluted 15,410,400 10,000,000 11,978,200 10,000,000
No surprises, so expect usual drop on the news.
Jack |
