SAN DIEGO, Feb 1 (Reuters) -
Quarter ending December 31 Year ending December31
1997 1998 1997 1998
Revenues $59,076,000 $37,992,000 $203,647,000 $185,141,000
Net income (loss)
7,173,000 ( 3,322,000) 26,058,000 2,523,000
Avg. diluted shares
30,042,000 28,135,000 30,267,000 29,566,000
Share earnings
(basic):
Net income (loss)
0.25 ( 0.12) 0.92 0.09
Share earnings (diluted):
Net income (loss)
0.24 ( 0.12) 0.86 0.09
(In thousands, except per share data)
For the three months For the twelve months ended
December 31 ended December 31
1997 1998 1997 1998
REVENUES:
Product sales $58,653 $37,886 $201,191 $184,828
Other 423 106 2,456 313
Total revenues 59,076 37,992 203,647 185,141
COSTS AND EXPENSES:
Cost of product sales 35,181 32,118 123,654 125,713
Research and development
7,619 6,463 24,971 30,152
Sales and marketing 3,671 3,634 11,992 14,528
General and administrative
2,706 2,451 8,586 9,487
Total costs and expenses
49,177 44,666 169,203 179,880
OPERATING INCOME (LOSS) 9,899 (6,674) 34,444 5,261
OTHER INCOME (EXPENSE):
Foreign currency exchange
gain (loss) -- net 37 1,333 (359) 692
Interest and other income
2,435 1,763 5,318 7,384
Interest and other expense
(2,829) (3,205) (4,847) (11,644)
Total other income
(expense) -- net (357) (109) 112 (3,568)
INCOME (LOSS) BEFORE PROVISION
FOR (BENEFIT FROM) INCOME
TAXES AND MINORITY INTEREST
9,542 (6,783) 34,556 1,693
Provision for (benefit from)
income taxes (2,386) 3,772 (8,639) 1,250
Minority interest 17 (311) 141 (420)
NET INCOME (LOSS) 7,173 ( 3,322) 26,058 2,523
EARNINGS (LOSS) PER SHARE:
Basic:
Earnings (loss) per share
0.25 ( 0.12) 0.92 0.09
Weighted average common shares
outstanding 28,643 27,135 28,212 28,226
Diluted:
Earnings (loss) per share
0.24 ( 0.12) 0.86 0.09
Weighted average common and
potential common shares
outstanding 30,042 28,135 30,267 29,566
REUTERS
Rtr 16:38 02-01-99
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