Brocade Quarterly Results from Today's S-1A:
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THREE MONTHS ENDED
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JULY 31, OCTOBER 31, JANUARY 31, APRIL 30, JULY 31, OCTOBER 31, JANUARY 31, APRIL 30,
1997 1997 1998 1998 1998 1998 1999 1999
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(IN THOUSANDS)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Revenues:
Product revenue......... $ 1,534 $ 6,347 $ 7,824 $ 5,134 $ 4,056 $ 5,400 $ 6,429 $10,540
License revenue......... -- -- 26 1,286 513 7 1,578 --
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Total revenues........ 1,534 6,347 7,850 6,420 4,569 5,407 8,007 10,540
Cost of revenues.......... 1,212 4,435 4,697 3,672 4,351 3,039 3,321 5,437
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Gross profit.............. 322 1,912 3,153 2,748 218 2,368 4,686 5,103
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Operating expenses:
General and
administrative........ 378 462 639 624 1,979 571 741 674
Sales and marketing..... 616 839 1,074 1,302 1,444 1,334 1,729 2,357
Research and
development........... 2,046 2,847 2,838 3,457 5,016 3,433 2,905 2,729
Amortization of deferred
compensation.......... -- -- -- -- -- 7 1,157 220
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Total operating
expenses............ 3,040 4,148 4,551 5,383 8,439 5,345 6,532 5,980
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Loss from operations...... (2,718) (2,236) (1,398) (2,635) (8,221) (2,977) (1,846) (877)
Other income (expense).... (50) (119) 43 120 114 (157) 7 29
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Net loss.................. $(2,768) $(2,355) $(1,355) $(2,515) $(8,107) $(3,134) $(1,839) $ (848)
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