Bill,
TERA-dactyl is falling from their Q3 results. I see revenue in the 200K range. What did they sell??
TERA will fall further. I do not think the perfer holders have converting yet.
SEATTLE, Oct. 27 (Reuters) -
TERA COMPUTER COMPANY
STATEMENT OF OPERATIONS
(unaudited)
Three Months Ended Nine Months Ended
Sept. 30, Sept. 30,
1997 1998 1997 1998
REVENUE $ -- $ 231,655 $ -- $1,779,210
OPERATING EXPENSES:
Cost of sales -- ( 209,383) -- (1,654,398)
Research and
development
(3,871,400) (3,344,563) (8,984,017)(11,219,122)
Marketing and sales
(262,065) (484,165) (635,226) (1,268,554)
General and
administrative
(366,560) (516,316) (1,066,076) (1,496,551)
(4,500,025) (4,322,772)(10,685,319)(13,859,415)
RESEARCH FUNDING
119,815 105,565 349,169 181,348
Net operating
expense (4,380,210) (4,217,207)(10,336,150)(13,678,067)
OTHER INCOME (EXPENSE)
104,382 63,329 79,418 163,647
NET LOSS (4,275,828) (4,153,877)(10,256,732)(13,514,419)
PREFERRED STOCK DIVIDEND
(14,714) (141,300) (52,214) (365,611)
AMORTIZATION OF PREFERRED
STOCK DISCOUNT
(484,259) (464,733) (847,221) (464,733)
LOSS FOR COMMON
STOCK (4,774,801) (4,759,910) (11,156,167) (14,344,763)
LOSS PER COMMON SHARE
(0.46) (0.39) (1.38) (1.22)
WEIGHTED AVERAGE SHARES
OUTSTANDING
10,331,862 12,258,238 8,064,929 11,785,680 |
