It's not too hard to figure out, look at the financial statements that
are part of the 10Q
edgar-online.com
ITEM 1. FINANCIAL STATEMENTS
CYBERGUARD CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(Dollars in thousands except per share data)
Three Months Ended Nine Months Ended
----------------------------- -----------------------------
March 31, March 31, March 31, March 31,
1998 1997 1998 1997
----------- ----------- ----------- -----------
Revenue:
Products $ 4,333 $ 3,874 $ 13,540 $ 9,585
Services 819 231 1,529 634
----------- ----------- ----------- -----------
Total revenue 5,152 4,105 15,069 10,219
Cost of revenues:
Products 1,457 1,727 4,619 4,924
Services 321 143 784 328
----------- ----------- ----------- -----------
Total cost of revenue 1,778 1,870 5,403 5,252
Gross profit 3,374 2,235 9,666 4,967
Operating expenses:
Research and development 1,059 1,028 4,221 3,095
Selling, general and administrative 3,988 2,847 12,064 7,743
----------- ----------- ----------- -----------
Total operating expenses 5,047 3,875 16,285 10,838
----------- ----------- ----------- -----------
Operating loss (1,673) (1,640) (6,619) (5,871)
Gross profits of 3374M on sales of 4333M or 77% But
subtract R&D and SGA expenses of 5046M and you get a net operating
loss of 1673M, which actually looks like (-38%) net operating loss.
OK, not the (-41%) from StockSite, but still a big loss. |
