And more:
FOR THE PERIOD
SIX FROM
MONTHS JULY 5, 1994
ENDED YEAR ENDED DECEMBER 31, (INCEPTION)
JUNE 30, --------------------------- TO DECEMBER 31,
1998 1997 1996 1995 1994
----------- -------- ------- ------ ---------------
(unaudited) (in thousands)
STATEMENT OF OPERATIONS DATA:
Net sales.................................. $203,352 $147,758 $15,746 $ 511 $ --
Cost of sales.............................. 157,840 118,945 12,287 409 --
-------- -------- ------- ------ ------
Gross profit............................... 45,512 28,813 3,459 102 --
Operating expenses:
Marketing and sales...................... 45,955 38,964 6,090 200 --
Product development...................... 14,789 12,485 2,313 171 38
General and administrative............... 5,225 6,573 1,035 35 14
Amortization of goodwill and other
purchased intangibles................. 5,413 -- -- -- --
-------- -------- ------- ------ ------
Total operating expenses......... 71,382 58,022 9,438 406 52
-------- -------- ------- ------ ------
Loss from operations....................... (25,870) (29,209) (5,979) (304) (52)
Interest income............................ 4,974 1,898 202 1 --
Interest expense........................... (9,589) (279) -- -- --
-------- -------- ------- ------ ------
Net interest income (expense).............. (4,615) 1,619 202 1 --
-------- -------- ------- ------ ------
Net loss................................... $(30,485) $(27,590) $(5,777) $ (303) $ (52)
======== ======== ======= ====== ======
Basic and diluted loss per share(1)........ $ (0.64) $ (0.64) $ (0.16) $(0.01) $(0.00)
======== ======== ======= ====== ======
Shares used in computation of basic and
diluted loss per share(1)................ 47,299 43,302 37,088 28,788 35,460
======== ======== ======= ====== ======
OTHER OPERATING DATA:
Net cash provided by (used in) operating
activities............................... $ (4,420) $ 3,522 $(1,735) $ (232) $ (24)
Capital expenditures(2).................... 7,714 11,604 1,214 52 28
EBITDA(3).................................. (11,494) (22,633) (5,491) (284) (47)
Deficiency of earnings available to cover
fixed charges(4)......................... (30,485) (27,590) (5,777) (303) (52)
21
FOR THE PERIOD
SIX FROM
MONTHS JULY 5, 1994
ENDED YEAR ENDED DECEMBER 31, (INCEPTION)
JUNE 30, --------------------------- TO DECEMBER 31,
1998 1997 1996 1995 1994
----------- -------- ------- ------ ---------------
(unaudited) (in thousands)
BALANCE SHEET DATA:
Cash....................................... $ 2,523 $ 1,567 $ 823 $ 804 $ 52
Marketable securities...................... 337,396 123,499 5,425 192 --
Working capital (deficiency)............... 297,517 93,517 2,270 920 (16)
Total assets............................... 443,759 149,006 8,271 1,084 76
Total debt................................. 333,090 78,202 -- -- --
Stockholders' equity....................... 39,429 28,486 3,401 977 8 |
