HO HO! Let's have a closer look at that wonder of financial engineering: the ARBA "income" statement:
biz.yahoo.com
Three Months Ended Year Ended
September 30, September 30,
2000 1999 2000 1999
Revenues:
License $103,244 $9,829 $198,790 $26,768
Maintenance and
service 31,609 7,312 80,249 18,604
Total revenues 134,853 17,141 279,039 45,372
Cost of revenues 23,636 3,610 47,519 8,813
Gross profit 111,217 13,531 231,520 36,559
Operating Expenses:
Sales and marketing 85,613 12,761 207,234 33,859
Research and
development 16,679 4,309 39,017 11,620
General and
administrative 15,209 2,823 29,172 7,917
Total operating
expenses 117,501 19,893 275,423 53,396
Loss before
amortization,
other income and
taxes (6,284) (6,362) (43,903) (16,837)
Goodwill and other
intangibles 299,909 -- 688,588 --
In-process research
and development 14,600 -- 27,350 --
Business partner
warrants 15,676 -- 29,251 --
Stock-based
compensation 8,093 5,254 18,051 14,584
Loss before other
income and taxes (344,562) (11,616) (807,143) (31,421)
Other income, net 6,314 1,835 16,331 2,219
Provision for
income taxes (1,088) (98) (1,963) (98)
Net loss ($339,336) ($9,879) ($792,775) ($29,300)
Basic and diluted
net loss per share ($1.50) ($0.07) ($4.10) ($0.42)
Shares used in computing
basic and diluted
net loss per share 225,491 150,073 193,417 70,064
EPS - Excluding non-operating charges & payroll tax on stock option
exercises:
Net income (loss) $3,147 ($4,625) ($20,765) ($14,716)
Net loss per share
- basic and diluted ($0.03) ($0.11) ($0.21)
Net income per share
- basic $0.01
Net income per share
- diluted $0.01
Shares used in computing
diluted net income
per share 276,054
EPS - Excluding non-operating charges:
Net loss ($1,058) ($4,625) ($29,535) ($14,716)
Net loss per share
- basic and diluted ($0.00) ($0.03) ($0.15) ($0.21)
Yep, they use all the plays. Factor in investment income above the line. Use a (rather massive) charge containing whatever. Of course, stock based compensation is below the operating expenses (what the hell, more dilution for the bag...ERRR, SHAREholders, let 'em eat SPO prospecti!). Mix well. Result: Zero cents/share!!! O mi dios, ARBA!!<GGG> |
