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TABLE - Osicom (NASDAQ:FIBR) Q4 results
Reuters, Thursday, March 05, 1998 at 16:16
SANTA MONICA, Calif., March 5 (Reuters) -
OSICOM TECHNOLOGIES, INC.
AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(In Thousands, except per share amounts)
Three Months Ended Year Ended
January 31 January 31
1998 1997 1998 1997
NET SALES $ 30,418 $ 36,824 $119,049 $115,912
COST OF SALES 21,128 25,390 81,906 82,751
GROSS PROFIT 9,290 11,434 37,143 33,161
OPERATING EXPENSES
Selling and
marketing 4,080 4,149 17,601 14,052
Engineering,
research
and development 1,855 1,055 7,172 6,129
General and
administrative 2,279 4,129 15,128 11,150
Purchased in-process
research and
development -- -- -- 13,653
Other operating
expenses 43 286 11,885 1,794
TOTAL OPERATING
EXPENSES 8,257 9,619 51,786 46,778
INCOME (LOSS) FROM
OPERATIONS 1,033 1,815 (14,643) (13,617)
OTHER INCOME (CHARGES)
Investment income 122 126 490 418
Interest expense (570) (569) (2,101) (2,360)
Gain (loss) on
disposal of assets (2) -- 422 --
Other income (charges) 55 47 44 132
TOTAL OTHER CHARGES (395) (396) (1,145) (1,810)
INCOME (LOSS) BEFORE
INCOME TAXES 638 1,419 (15,788) (15,427)
PROVISION FOR INCOME
TAXES 230 (6) 246 182
NET INCOME (LOSS) 408 1,425 (16,034) (15,609)
INCOME (LOSS) PER
COMMON SHARE
ACCRUED UNDECLARED
DIVIDENDS 38 38 150 150
NET INCOME (LOSS)
APPLICABLE TO COMMON
SHARES 370 1,387 (16,184) (15,759)
BASIC
WEIGHTED AVERAGE
COMMON SHARES
OUTSTANDING
(RESTATED, IN
THOUSANDS) 19,385 10,458 14,962 8,015
NET INCOME (LOSS)
PER COMMON SHARE: 0.02 0.13 (1.08) (1.97)
DILUTED
WEIGHTED AVERAGE
COMMON SHARES
OUTSTANDING
(RESTATED, IN
THOUSANDS) 21,274 13,127 17,064 10,183
NET INCOME (LOSS)
PER COMMON SHARE: 0.02 0.11 n/a n/a
Copyright 1998, Reuters News Service
Companies or Securities discussed in this article:
Symbol
Name
NASDAQ:FIBR
Osicom Technologies Inc
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