To: LoLoLoLita who wrote (4505 ) 1/13/1998 11:55:00 PM From: Zebra 365 Read Replies (2) | Respond to of 23519
My guess as to 4th quarter results: Third quarter figures are from the 10Q. ASSUMPTIONS: - 25% decrease in sales, - two milestone payments of $2mm each occurred in the 4th quarter, - cost of goods sold retains the same gross margin, - most costs of moving to new facility are capitalized i.e. will show on the balance sheet, not as increased operating expenses - G&A increase from move and initial marketing campaign of 1.9 million - interest income, and tax rates are the same, (all numbers in thousands except per share income) ....................................THREE MONTHS ENDED ..........................SEPTEMBER 30, 1997.........DECEMBER 31,1997 Net Product Sales............$39,118.................$29,338 Milestone Revenue..................0..........................4,000 ....................................---------....................--------- Net Revenues..................39,118.......................33,338 Cost of Goods sold... .....11,270........................8,452 ....................................---------....................--------- Gross Margin..................27,848.......................24,886 Operating expenses: Research and development..3,947........................3,947 Selling, general and administrative...................11,507.......................13,407 .......................................---------....................--------- Total operating expenses..15,454.......................17,354 Income (loss) from operations....12,394......................7,532 Interest and other income...........1,106........................1,106 ............................................---------.........................--------- Income (loss) before taxes.....13,500..................... ..8,638 Income taxes..........................2,241........................1,434 ............................................---------....................--------- Net income (loss)...................11,259.......................$7,204 .............................................=======...................====== Net income (loss) per common and equivalent share...............$ 0.31......................$ 0.20 Shares used in the computation of net income (loss) per share.35,772......................35,772This would give a 1997 year total of $1.06 per share Zebra