zacks...
Rank Within Industry 51 of 100
Research Analyst's Earnings Estimates and Actuals
Consensus Estimate for Current Fiscal Year ( 12/97 ) $ 0.36 per share
Consensus Estimate for Next Fiscal Year ( 12/98 ) $ 1.14 per share
Consensus Estimate for Current Quarter ( 12/97 ) $ 0.14 per share
Actual Earnings Last Quarter ( 9/97 ) $ 0.11 per share
EPS Surprise Last Quarter -15 %
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DATA DIMENSIONS, INC.
Consolidated Balance Sheets
(in thousands)
ASSETS
December 31,
1996 1997
Current Assets
Cash and cash equivalents $2,617 $4,694
Investment securities
available for sale 7,694 986
Accounts receivable, net:
Trade 6,396 16,806
Other 699 336
Prepaid and other current assets1,256 1,165
Deferred income taxes 370 680
Total current assets 19,022 24,667
Equipment and furniture, net 1,109 3,107
Investment securities
available for sale 993 --
Investment in product
development, net 1,255 1,635
Other assets 128 1,385
$22,507 $30,794
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable $899 $3,148
Advance billings 1,112 1,431
Accrued compensation
and commissions 1,105 3,128
Other accrued liabilities 397 1,780
Dividends payable -- 1,000
Current portion of capital
lease obligations -- 287
Total current liabilities 3,513 10,774
Capital lease obligations,
net of current portion -- 483
Stockholders' equity
Common stock 14 22
Additional paid in capital 18,027 22,469
Treasury stock (83) (2,971)
Cumulative translation adjustment -- 90
Retained earnings (deficit) 1,036 (73)
Total stockholders' equity 18,994 19,537
$22,507 $30,794
DATA DIMENSIONS, INC.
Consolidated Statements of Operation
(in thousands, except per share data)
Quarter Ended Year Ended
December 31, December 31,
1996 1997 1996 1997
Revenue $7,036 $14,121 $20,836 $47,457
Direct costs 3,888 8,921 12,283 26,820
Gross margin 3,148 5,200 8,553 20,637
General, administrative
and selling expenses 2,760 5,171 7,397 16,309
Income from operations
before unusual items 388 29 1,156 4,328
Unusual items -- 4,024 -- 4,024
Income (loss) from
operations 388 (3,995) 1,156 304
Other income (expense)
Interest expense -- -- (91) --
Interest income 189 52 583 415
Total other income 189 52 492 415
Earnings (loss) before
income tax 577 (3,943) 1,648 719
Income tax provision
(benefit), including
$285,000 merger related
in 1997 280 (1,006) 15 700
Net income (loss) $857 $(2,937) $1,633 $19
Net income (loss) per share$.08 $(.23) $.15 $.00
Weighted average
shares outstanding 11,229 12,835 11,252 12,609 |
