8x8 1998 Annual Report Download - page 50

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CONSOLIDATED QUARTERLY FINANCIAL DATA
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
(UNAUDITED)
45
QUARTER ENDED
-----------------------------------------------------------------------------------------
MARCH 31, DEC. 31, SEPT. 30, JUNE 30, MARCH 31, DEC. 31, SEPT. 30, JUNE 30,
1998 1997 1997 1997 1997 1996 1996 1996
--------- -------- --------- -------- --------- -------- --------- --------
Total revenues.................. $12,129 $15,138 $10,894 $11,615 $ 4,489 $ 4,582 $ 4,372 $ 5,703
Cost of revenues................ 4,891 6,879 4,537 2,544 1,302 1,283 1,942 7,503
------- ------- ------- ------- ------- ------- ------- -------
Gross profit (loss)............. 7,238 8,259 6,357 9,071 3,187 3,299 2,430 (1,800)
------- ------- ------- ------- ------- ------- ------- -------
Operating expenses:
Research and development...... 2,838 3,284 2,982 3,213 2,608 3,141 2,340 2,421
Selling, general and
administrative.............. 4,723 5,358 3,760 3,540 3,115 2,003 1,733 3,247
Restructuring costs........... -- -- -- -- -- -- -- 59
------- ------- ------- ------- ------- ------- ------- -------
Total operating
expenses............. 7,561 8,642 6,742 6,753 5,723 5,144 4,073 5,727
------- ------- ------- ------- ------- ------- ------- -------
Income (loss) from operations... (323) (383) (385) 2,318 (2,536) (1,845) (1,643) (7,527)
Other income, net............... 423 515 480 100 (272) 265 74 53
------- ------- ------- ------- ------- ------- ------- -------
Income (loss) before income
taxes......................... 100 132 95 2,418 (2,808) (1,580) (1,569) (7,474)
(Benefit) provision for income
taxes......................... 18 -- -- (1,000) 36 -- 46 100
------- ------- ------- ------- ------- ------- ------- -------
Net income (loss)............... $ 82 $ 132 $ 95 $ 3,418 $(2,844) $(1,580) $(1,615) $(7,574)
======= ======= ======= ======= ======= ======= ======= =======
Net income (loss) per share:
Basic......................... $ 0.01 $ 0.01 $ 0.01 $ 0.59 $ (0.50) $ (0.29) $ (0.30) $ (1.58)
Diluted....................... $ 0.01 $ 0.01 $ 0.01 $ 0.29 $ (0.50) $ (0.29) $ (0.30) $ (1.58)
Shares used in per share
calculations:
Basic......................... 14,581 14,274 13,682 5,794 5,651 5,495 5,321 4,782
Diluted....................... 16,113 16,723 16,090 11,587 5,651 5,495 5,321 4,782