(Inception) Three Months Ended
to Year Ended December 31, March 31,
December 31, ----------------------------- --------------------
1997 1998 1999 2000 2000 2001
------------ -------- -------- --------- --------- ---------
(in thousands, except per share data)
(unaudited)
Statement of Operations
Data:
Revenue................. $ 55 $ 1,364 $ 5,227 $ 15,605 $ 3,426 $ 15,635
Non-cash charges related
to equity issuances.... -- -- 584 2,774 303 4,789
------- -------- -------- --------- --------- ---------
Revenue, net of non-cash
charges................ 55 1,364 4,643 12,831 3,123 10,846
Cost of revenue......... 12 1,260 3,890 15,731 2,257 10,727
------- -------- -------- --------- --------- ---------
Gross profit (loss).... 43 104 753 (2,900) 866 119
Operating expenses:
Research and
development........... 4,540 14,461 9,600 43,648 4,082 16,647
Sales and marketing.... 202 1,858 3,843 14,038 1,017 7,672
General and
administrative........ 1,671 3,644 4,386 15,878 1,922 5,815
Amortization of
intangible assets..... -- -- -- 8,037 -- 7,917
Stock-based
compensation
expense............... -- 924 2,772 32,864 4,671 14,557
------- -------- -------- --------- --------- ---------
Total operating
expenses............ 6,413 20,887 20,601 114,465 11,692 52,608
Operating loss.......... (6,370) (20,783) (19,848) (117,365) (10,826) (52,489)
Other income (expense),
net.................... 802 7 -- 5 -- (20)
Interest income
(expense), net......... 303 266 (162) 6,997 722 2,696
------- -------- -------- --------- --------- ---------
Net loss................ $(5,265) $(20,510) $(20,010) $(110,363) $ (10,104) $ (49,813)
======= ======== ======== ========= ========= =========
Basic and diluted net
loss per share......... $(17.08) $ (13.56) $ (8.78) $ (13.96) $ (3.91) $ (3.20)
Weighted average shares
outstanding used in
computing basic and
diluted net loss per
share.................. 309 1,512 2,279 7,906 2,583 15,555
Pro forma basic and
diluted net loss per
share ................. $ (1.37) $ (0.57)
Weighted average shares
outstanding used in
computing pro forma
basic and diluted net
loss per share ........ 80,286 87,898 |
