8x8 1999 Annual Report Download - page 41

Download and view the complete annual report

Please find page 41 of the 1999 8x8 annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 63

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63

8X8, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
The accompanying notes are an integral part of these financial statements.
37
YEAR ENDED MARCH 31,
-------------------------------
1999 1998 1997
-------- ------- --------
Product revenues............................................ $ 26,189 $34,933 $ 12,771
Product revenues from related parties....................... -- 355 2,521
License and other revenues.................................. 5,493 14,488 3,854
-------- ------- --------
Total revenues.................................... 31,682 49,776 19,146
-------- ------- --------
Cost of product revenues.................................... 24,199 17,764 12,030
Cost of license and other revenues.......................... 82 1,087 --
-------- ------- --------
Total cost of revenues............................ 24,281 18,851 12,030
-------- ------- --------
Gross profit................................................ 7,401 30,925 7,116
-------- ------- --------
Operating expenses:
Research and development.................................. 9,922 12,317 10,522
Selling, general and administrative....................... 17,712 17,381 10,145
-------- ------- --------
Total operating expenses.......................... 27,634 29,698 20,667
-------- ------- --------
Income (loss) from operations............................... (20,233) 1,227 (13,551)
Other income, net........................................... 1,009 1,518 120
-------- ------- --------
Income (loss) before income taxes........................... (19,224) 2,745 (13,431)
(Benefit) provision for income taxes........................ -- (982) 182
-------- ------- --------
Net income (loss)........................................... $(19,224) $ 3,727 $(13,613)
======== ======= ========
Net income (loss) per share:
Basic..................................................... $ (1.28) $ 0.31 $ (2.56)
Diluted................................................... $ (1.28) $ 0.25 $ (2.56)
Shares used in per share calculations:
Basic..................................................... 15,018 12,083 5,312
Diluted................................................... 15,018 15,128 5,312