TABLE - Go2Net Inc (NASDAQ:GNET) Q3 results
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SEATTLE, July 17 (Reuters) -
Go2Net, Inc.
Unaudited Pro Forma Condensed Consolidated Statements of
Operations (A)
Three Months Ended Nine Months Ended
Jun 30, Jun 30, Jun 30, Jun 30,
2000 1999 2000 1999
Revenue $23,015,093 $5,726,004 $54,994,862 $12,651,287
Cost of revenue
3,630,110 1,205,310 9,002,838 2,832,068
Gross profit 19,384,983 4,520,694 45,992,024 9,819,219
Operating expenses:
Sales and
marketing 6,123,228 1,481,248 15,287,451 3,618,551
General and
administrative
3,798,989 1,751,192 10,025,265 3,697,917
Product
development
2,737,940 634,711 6,277,352 1,452,403
Total operating
expenses
12,660,157 3,867,151 31,590,068 8,768,871
Income from
operations 6,724,826 653,543 14,401,956 1,050,348
Interest income, net
4,298,039 2,422,248 12,284,259 3,151,426
Pro forma income
before taxes
11,022,865 3,075,791 26,686,215 4,201,774
Income tax expense
940,164 18,533 940,164 18,533
Pro forma income
10,082,701 3,057,258 25,746,051 4,183,241
Diluted pro forma
income per common
share (B) 0.22 0.07 0.55 0.12
Shares used in computing
diluted pro forma
income per common
share (B) 46,197,775 41,050,743 46,829,664 36,413,782
(A) These financial statements exclude amortization of
intangibles, merger expenses, stock compensation, cumulative
change in accounting principle and non-cash preferred stock
dividend which are summarized in the following table. They do
not purport to be financial statements prepared in accordance
with Generally Accepted Accounting Principles. The cumulative
change in accounting principle is a result of the Company
adopting SAB101 in the current quarter. The following table
reconciles the pro forma net income excluding these charges to
net loss for the periods presented.
(B) Pro forma basic net income per share is $0.32 and
$0.12 for the three months ended June 30, 2000 and June 30,
1999, respectively.
Copyright 2000, Reuters News Service |
