More details from the financials...............
CARPINTERIA, Calif., Oct. 23 (Reuter) -
METACREATIONS CORP.
Consolidated Condensed Statements of Operations
(In thousands, except per-share data)
(Unaudited)
Three Months Ended Nine Months Ended
Sept. 30, Sept. 30,
1997 1996 1997 1996
Net revenues $21,008 $18,175 $53,009 $47,012
Cost of revenues 3,023 3,284 9,254 8,695
Gross profit 17,985 14,891 43,755 38,317
Operating expenses:
Sales and marketing 8,272 7,879 24,153 21,224
General and administrative 1,603 1,424 4,644 4,104
Research and development 3,713 2,100 10,333 6,005
Write-off of acquired
in-process technology
and other merger costs -- 733 16,185 2,598
Total operating expenses 13,588 12,136 55,315 33,931
Income (loss) from
operations 4,397 2,755 (11,560) 4,386
Other income 827 811 2,416 2,558
Income (loss) before
provision for income taxes 5,224 3,566 (9,144) 6,944
Provision for income taxes 1,619 781 37 2,124
Net income (loss) 3,605 2,785 (9,181) 4,820
Net income (loss) per
common share 0.15 0.12 (0.40) 0.21
Weighted average number
of shares outstanding 24,853 22,727 22,757 22,741 |
