Here's the financials in fixed font.
EXTENDED SYSTEMS INCORPORATED
Statement of Operations Data
(in thousands, except per share data)
Three Months Ended Nine Months Ended
March 31, March 31,
2000 1999 2000 1999
Net revenue $14,896 $13,388 $ 43,257 $ 36,190
Cost of net revenue 7,150 5,920 22,170 17,466
Gross profit 7,746 7,468 21,087 18,724
Operating expenses:
Research & development 2,434 1,722 6,882 4,988
Acquired in-process
research & development -- -- 2,352 758
Marketing and sales 4,621 4,131 13,139 11,852
General and
administrative 985 904 3,153 2,861
Amortization of
intangibles 241 25 648 41
Loss from operations (535) 686 (5,087) (1,776)
Other expense (income),
net (32) (76) 72 (437)
Interest expense 20 182 255 553
Loss before income taxes (523) 580 (5,414) (1,892)
Income tax benefit (199) 203 (1,561) (377)
Net loss $ (324) $ 377 $ (3,853) $ (1,515)
Loss per share:
Basic $ (0.03) $ 0.04 $ (0.41) $ (0.18)
Diluted $ (0.03) $ 0.04 $ (0.41) $ (0.18)
Number of shares used in loss
per share calculation:
Basic 9,812 8,477 9,374 8,362
Diluted 9,812 8,622 9,374 8,362
EXTENDED SYSTEMS INC.
Balance Sheet Data
(in thousands)
March 31, 2000 June 30, 1999
ASSETS
Current:
Cash and cash equivalents $ 5,097 $ 9,668
Short term investments -- 3,001
Accounts receivable, net 8,982 9,778
Income taxes receivable 3,051 664
Other receivables 1,592 1,147
Inventories:
Purchased parts 2,033 2,060
Work in process 387 860
Finished goods 2,113 2,097
Prepaids and other 774 945
Deferred income taxes 332 584
Total current assets 24,361 30,804
Property and equipment, net 8,011 8,300
Intangibles, net 6,643 1,402
Deferred income taxes 159 --
Other assets 293 293
Total assets 39,467 40,799
LIABILITIES AND SHAREHOLDERS' EQUITY
Current:
Accounts payable and accrued
expenses 5,177 4,609
Accrued payroll and related
benefits 1,304 1,297
Current debt 131 8,206
Total current liabilities 6,612 14,112
Long-term liabilities -- 92
Total liabilities 6,612 14,204
Shareholders' equity:
Common stock 10 9
Additional paid-in capital 22,018 12,015
Retained earnings 11,672 15,525
Deferred compensation (292) (553)
Accumulated other comprehensive
loss (553) (401)
Total shareholders' equity 32,855 26,595
Total liabilities and
shareholders' equity 39,467 40,799
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Contact:
Extended Systems
Karla K. Rosa or Joanne Taylor, 208/322-7575
www.extendedsystems.com
or
StreetConnect (Investor Relations)
Jeff Howlett, 206/320-1231 |
