Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Noise Cancellation Technology (NCTI) -- Ignore unavailable to you. Want to Upgrade?

To: Andy Hewson who wrote (2265)	8/13/1998 2:05:00 PM
From: Dixie7777	Respond to of 2775

Patience. yeah yeah i know, it's been how long? What else can i say? Really though it is happening. lots of good stuff. this is a major ramp up to revenues when you are redirecting an entire market that's been entrenched in the same technology for over 50 years. rich

To: Andy Hewson who wrote (2265)	8/13/1998 5:04:00 PM
From: Ben Geh	Read Replies (1) \| Respond to of 2775

Here are the Q1 numbers from their previous SEC filing. The revenue for Q1 was about the same as for Q2 which doesn't show that much improvement for shareholders to get excited about really. <<<---------------------------------snip------------------->>>>>>>> ITEM 1. FINANCIAL STATEMENTS NOISE CANCELLATION TECHNOLOGIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Note 1) (Unaudited) (in thousands except per share amounts) Three months ended March 31, -------------------------------- 1997 1998 --------------- ---------------- REVENUES: Technology licensing fees and royalties $ 3,000 $ 310 Product sales, net 234 402 Engineering and development services 81 22 ---------- ----------- Total revenues $ 3,315 $ 734 ---------- ----------- COSTS AND EXPENSES: Costs of sales $ 199 $ 303 Costs of engineering and development services 91 22 Selling, general and administrative 834 2,677 Research and development 1,592 1,464 Interest (income) expense - (121) ---------- ----------- Total costs and expenses $ 2,716 $ 4,345 ---------- ----------- NET INCOME/(LOSS) $ 599 $ (3,611) Preferred stock dividend requirement - 1,690 Accretion of difference between carrying amount and redemption amount of redeemable preferred stock - 385 ---------- ----------- NET INCOME/(LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 599 $ (5,686) ========== =========== Basic income per share $ 0.01 $ (0.04) ========== =========== Diluted income per share $ 0.01 $ (0.04) ========== =========== <<<<<<------------------------------snip------------------>>>>>>>>>>