RE:PHCM yes it's possible. I show 79 3/4 x 80 1/2. Unfortunately, people didn't read beyond this line:
Net loss for the third quarter excluding amortization of goodwill and deferred
stock compensation related to acquisitions and a charge for in-process research
and development expense was $5.9 million, or $0.08 per diluted share, based on
71.0 million weighted average shares outstanding.
They didn't see this line:
Including these expenses, net
loss for the third quarter was $74.6 million, or $1.05 per diluted share,
compared to a net loss of $20.0 million, or $0.31 per diluted share, for the
second quarter and a net loss of $5.7 million, or $0.50 per diluted share, for
the third quarter in the prior year.
(COMTEX) B: Phone.com Reports Third Quarter Results Quarterly Revenue
B: Phone.com Reports Third Quarter Results Quarterly Revenues Grow 46% to $18.7
Million, Subscribers Nearly Triple To Over 2 Million
REDWOOD CITY, Calif., Apr 19, 2000 /PRNewswire via COMTEX/ -- Phone.com, Inc.
(Nasdaq: PHCM), a leading provider of software and applications that enable the
delivery of Internet-based voice and information services to mass-market
wireless telephones, today announced results for the third quarter and nine
months ending March 31, 2000.
(Photo: newscom.com )
Third quarter revenues increased 46 percent to $18.7 million from $12.8 million
in the second quarter of fiscal 2000, and increased 428 percent from $3.5
million in the same period a year earlier. Revenues for the nine months ended
March 31, 2000 increased 495 percent to $40.0 million, from $6.7 million for the
nine months ended March 31, 1999.
Net loss for the third quarter excluding amortization of goodwill and deferred
stock compensation related to acquisitions and a charge for in-process research
and development expense was $5.9 million, or $0.08 per diluted share, based on
71.0 million weighted average shares outstanding. Including these expenses, net
loss for the third quarter was $74.6 million, or $1.05 per diluted share,
compared to a net loss of $20.0 million, or $0.31 per diluted share, for the
second quarter and a net loss of $5.7 million, or $0.50 per diluted share, for
the third quarter in the prior year. Net loss for the nine months ending March
31, 2000 excluding amortization and charges related to acquisitions was $16.3
million, or $0.25 per diluted share. Including these expenses, net loss for the
nine month period was $99.5 million, or $1.51 per diluted share, compared to a
net loss of $14.0 million, or $1.24 per diluted share, for the same period a
year earlier.
As of March 31, 2000, the company had cash, cash equivalents and short-term
investments of $496.9 million, total assets of $1.5 billion and stockholders'
equity of $1.4 billion. Deferred revenues increased during the third quarter to
$63.0 million, up from $46.6 million at December 31, 1999.
"The third quarter was a very strong quarter for Phone.com," said Alain
Rossmann, Chairman and Chief Executive Officer. "The increase in number of users
of our products worldwide to over 2.0 million from 700,000 at the end of 1999
indicates the rapid acceleration of consumer adoption of mobile Internet
services. We also significantly broadened our product line and increased our
competitive position through the acquisitions of @Motion, Paragon Software and
Onebox.com."
About Phone.com
Phone.com, Inc. is a leading provider of software and applications that enable
the delivery of Internet-based voice and information services to mass-market
wireless telephones. Using its software, wireless subscribers have access to
Internet and corporate intranet-based services, including email, news, stocks,
weather, travel and sports. In addition, subscribers have access via their
wireless telephones to network operators' intranet-based telephony services,
which may include unified messaging, voice dialing, over-the-air activation,
billing history information, and pricing plan subscription. Phone.com is
headquartered in Silicon Valley, California and has regional offices in Belfast,
London, Paris, Tokyo, Hong Kong, and Seoul. Visit phone.com for more
information.
Except for the historical information contained herein, the matters discussed in
this news release are forward-looking statements involving risks and
uncertainties that could cause actual results to differ materially from those in
such forward-looking statements. Potential risks and uncertainties include, but
are not limited to, Phone.com's limited operating history, potential
fluctuations in Phone.com's operating results, uncertainties related to
Phone.com's long sales cycle and reliance on a small number of customers,
Phone.com's dependence on the acceptance of its products by network operators
and wireless subscribers, Phone.com's ability to adequately address the
rapidly-evolving market for delivery of Internet-based services through wireless
telephones, the need to achieve widespread integration of Phone.com's browser in
wireless telephones, competition from companies with substantially greater
financial, technical, marketing and distribution resources and the ability of
Phone.com to manage a complex set of engineering, marketing and distribution
relationships. Further information regarding these and other risks are included
in Phone.com's Form 10-Q for quarters ended September 30, 1999, and December 31,
1999, in its prospectus dated November 16, 1999 and in its other filings with
the Securities and Exchange Commission.
NOTE: The Phone.com name and logo and the family of terms carrying the "UP."
prefix are trademarks of Phone.com, Inc. All Rights Reserved. All other company,
brand and product names may be marks that are the sole property of their
respective owners.
For more information please contact:
CONTACT: Alan Black, Chief Financial Officer of Phone.com, Inc., 650-817-1447;
or Bonnie McBride, Managing Director of The Carson Group, 415-617-2540, for
Phone.com.
PHONE.COM, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
Three Months Ended Nine Months Ended
March 31, March 31, March 31, March 31,
2000 1999 2000 1999
Revenues:
License $11,833 1,264 24,751 1,530
Maintenance and
support services 3,939 1,454 9,448 3,786
Consulting services 2,889 814 5,791 1,401
Total revenues 18,661 3,532 39,990 6,717
Cost of revenues:
License 567 84 1,086 172
Maintenance and
support services 2,613 767 6,862 1,876
Consulting services 1,689 511 3,433 646
Total cost of revenues 4,869 1,362 11,381 2,694
Gross profit 13,792 2,170 28,609 4,023
Operating expenses:
Research and
development 11,351 3,468 25,051 8,406
Sales and marketing 11,418 2,629 21,958 6,504
General and
administrative 3,400 1,092 8,113 2,731
Stock-based
compensation
- acquisition related 1,276 -- 2,117 --
Stock-based compensation
- other 585 280 1,464 784
Amortization of goodwill
and intangibles 49,297 -- 62,939 --
In-process research
and development 18,080 -- 18,190 --
Total operating
expenses 95,407 7,469 139,832 18,425
Operating loss (81,615) (5,299) (111,223) (14,402)
Interest and other
income, net 7,199 359 12,791 1,139
Loss before income
taxes (74,416) (4,940) (98,432) (13,263)
Income taxes 170 710 1,095 710
Net loss $(74,586) (5,650) (99,527) (13,973)
Basic and diluted net
loss per share $(1.05) (0.50) (1.51) (1.24)
Pro forma net loss
per share excluding
acquisition related
expenses $(0.08) (0.50) (0.25) (1.24)
Shares used in computing
basic and diluted net
loss per share 71,003 11,398 66,051 11,236
PHONE.COM, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
March 31, June 30,
Assets 2000 1999
Current assets:
Cash, cash equivalents and
short-term investments $496,939 $113,086
Accounts receivable 33,061 20,474
Prepaid expenses and
other current assets 4,888 865
Total current assets 534,888 134,425
Property and equipment, net 17,172 3,014
Deposits and other assets 3,153 1,494
Goodwill and other intangibles, net 934,126 --
Total Assets $1,489,339 $138,933
Liabilities and
Stockholders' Equity
Current liabilities:
Current portion
of equipment loans
And capital lease
obligations $1,014 $424
Accounts payable 4,259 1,749
Accrued liabilities
- acquisition related 30,764 --
Accrued liabilities 23,101 7,173
Deferred revenue 62,993 36,797
Total current liabilities 122,131 46,143
Equipment loans and capital
lease obligations,
less current portion 1,766 498
Total liabilities 123,897 46,641
Total stockholders' equity 1,365,442 92,292
Total Liabilities and
Stockholders' Equity $1,489,339 $138,933
SOURCE Phone.com, Inc.
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Alan Black, Chief Financial Officer of Phone.com, Inc.,
650-817-1447; or Bonnie McBride, Managing Director of The Car
on Group,
415-617-2540, for Phone.com, Inc.
/Photo: NewsCom: newscom.com
6/PHCMLOGO
AP Archive: photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 201-369-3467
KEYWORD: California
INDUSTRY KEYWORD: MLM
TLS
SUBJECT CODE: ERN
URL: phone.com
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