8x8 1999 Annual Report Download - page 58

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CONSOLIDATED QUARTERLY FINANCIAL DATA
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
(UNAUDITED)
53
QUARTER ENDED
-----------------------------------------------------------------------------------------
MARCH 31, DEC. 31, SEPT. 30, JUNE 30, MARCH 31, DEC. 31, SEPT. 30, JUNE 30,
1999 1998 1998 1998 1998 1997 1997 1997
--------- -------- --------- -------- --------- -------- --------- --------
Total revenues................. $ 5,500 $10,079 $ 9,003 $ 7,100 $12,129 $15,138 $10,894 $11,615
Cost of revenues............... 8,348 5,630 5,913 4,390 4,891 6,879 4,537 2,544
------- ------- ------- ------- ------- ------- ------- -------
Gross profit (loss)............ (2,848) 4,449 3,090 2,710 7,238 8,259 6,357 9,071
------- ------- ------- ------- ------- ------- ------- -------
Operating expenses:
Research and development..... 2,045 2,512 2,753 2,612 2,838 3,284 2,982 3,213
Selling, general and
administrative............. 3,651 5,409 4,290 4,362 4,723 5,358 3,760 3,540
------- ------- ------- ------- ------- ------- ------- -------
Total operating expenses... 5,696 7,921 7,043 6,974 7,561 8,642 6,742 6,753
------- ------- ------- ------- ------- ------- ------- -------
Income (loss) from
operations................... (8,544) (3,472) (3,953) (4,264) (323) (383) (385) 2,318
Other income, net.............. 164 249 303 293 423 515 480 100
------- ------- ------- ------- ------- ------- ------- -------
Income (loss) before income
taxes........................ (8,380) (3,223) (3,650) (3,971) 100 132 95 2,418
(Benefit) provision for income
taxes........................ -- -- -- -- 18 -- -- (1,000)
------- ------- ------- ------- ------- ------- ------- -------
Net income (loss).............. $(8,380) $(3,223) $(3,650) $(3,971) $ 82 $ 132 $ 95 $ 3,418
======= ======= ======= ======= ======= ======= ======= =======
Net income (loss) per share:
Basic........................ $ (0.55) $ (0.21) $ (0.24) $ (0.27) $ 0.01 $ 0.01 $ 0.01 $ 0.59
Diluted...................... $ (0.55) $ (0.21) $ (0.24) $ (0.27) $ 0.01 $ 0.01 $ 0.01 $ 0.29
Shares used in per share
calculations:
Basic........................ 15,234 15,105 14,939 14,792 14,581 14,274 13,682 5,794
Diluted...................... 15,234 15,105 14,939 14,792 16,113 16,723 16,090 11,587