Table for earnings:
eXcelon Corporation
Consolidated Statements of Operations
(Unaudited and in thousands, except per share data)
Three Months Ended
March 31,
2000 1999
Revenues:
Software $ 10,074 $ 8,204
Services 6,930 4,904
Total revenues 17,004 13,108
Cost of revenues:
Cost of software 633 418
Cost of services 3,760 2,985
Total cost of revenues 4,393 3,403
Gross profit 12,611 9,705
Operating expenses:
Selling and marketing 9,105 7,981
Research and development 3,020 2,470
General and administrative 1,537 1,528
Total operating expenses 13,662 11,979
Operating loss (1,051) (2,274)
Other income, net 341 265
Income (loss) before provision
for income taxes (710) (2,009)
Provision for income taxes -- --
Net income (loss) $ (710) $ (2,009)
Earnings (loss) per share:
Basic $ (0.02) $ (0.07)
Diluted $ (0.02) $ (0.07)
Weighted average shares outstanding:
Basic 29,085 28,088
Diluted 29,085 28,088
eXcelon Corporation
Condensed Consolidated Balance Sheets
(In thousands)
March 31, December 31,
2000 1999
(Unaudited)
ASSETS
Current assets:
Cash and investments $20,339 $19,174
Accounts receivable, net 13,708 13,902
Prepaid expenses and other current assets 1,283 946
Total current assets 35,330 34,022
Property and equipment, net 5,063 5,169
Marketable securities 3,982 4,589
Other assets 3,689 3,625
Total assets $48,064 $47,405
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued expenses $10,098 $10,195
Deferred revenue 7,946 7,697
Total current liabilities 18,044 17,892
Stockholders' equity 30,020 29,513
Total liabilities and stockholders' equity $48,064 $47,405
*T
CONTACT: eXcelon Corporation
Lacey Brandt
781/674-5000
brandt@exceloncorp.com
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