Reuters overnight wire put out the table.
newsalert.com
MARIETTA, Ga., Jan 27 (Reuters) -
HIE CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
(unaudited)
Quarter Ended Year Ended
Dec. 31, Dec. 31,
1998 1997(1) 1998(2) 1997(1)
Revenue:
Software $4,198 $2,488 $12,432 $7,388
Service 3,918 2,649 14,752 10,676
Total revenue 8,116 5,137 27,184 18,064
Costs of revenue:
Software 251 140 852 1,026
Service 2,078 1,519 7,102 6,025
Total cost of revenue 2,329 1,659 7,954 7,051
Gross profit 5,787 3,478 19,230 11,013
Operating expenses:
Sales and marketing 1,890 1,174 6,672 5,362
Research and development 1,034 777 3,882 2,977
General and administrative 1,730 1,365 6,084 4,784
Total operating expenses
4,654 3,316 16,638 13,123
Operating earnings (loss) 1,133 162 2,592 (2,110)
Other income (expense), net (34) (20) (101) (90)
Earnings (loss) before income
taxes 1,099 142 2,491 (2,200)
Income tax (expense) benefit 144 (57) - -
Net earnings (loss) 1,243 85 2,491 ( 2,200)
Earnings (loss) per share:
Basic 0.05 0.00 0.10 ( 0.10)
Diluted 0.05 0.00 0.10 ( 0.10)
Shares used in the computation
of earnings (loss) per share
Basic 24,584 23,113 24,031 22,587
Diluted 25,445 23,824 24,867 22,587
(1) Excludes non-recurring charges of $6.4 million, or
$0.27 per share, in the fourth quarter and $0.28 per share for
the year ended December 31, 1997. (2) Excludes one-time merger
related charges resulting from a pooling-of-interests of
$993,000, or $0.04 per share.
HIE CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(unaudited)
Dec 31, Dec 31,
1998 1997
Cash and cash equivalents $3,167 $7,777
Accounts receivable, net 12,295 5,977
Other current assets 2,077 1,375
Total current assets 17,539 15,129
Intangible assets, net 11,087 11,464
Other assets 2,431 2,347
Total assets 31,057 28,940
Current maturities of long-term
debt 2,911 4,205
Other current liabilities 7,684 8,251
Total current liabilities 10,595 12,456
Other liabilities 642 792
Shareholders' equity 19,820 15,692
Total liabilities and
shareholders' equity 31,057 28,940 |
