8x8 2006 Annual Report Download - page 46

Download and view the complete annual report

Please find page 46 of the 2006 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 85

  • 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
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85

43
8X8, INC.
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
The accompanying notes are an integral part of these consolidated financial statements.
March 31,
2006 2005
ASSETS
Current assets :
Cash and cash equivalents.............................................................................. $ 6,259 $ 22,515
Restricted cash..................................................................................................
.
-- 250
Short-term investments....................................................................................
.
12,726 9,035
Accounts receivable, net of allowance of $55 and $68...............................
.
776 1,144
Inventory............................................................................................................ 1,738 1,600
Deferred cost of goods sold............................................................................ 1,542 2,122
Other current assets.........................................................................................
.
774 363
Total current assets..................................................................................
.
23,815 37,029
Long-term investments......................................................................................
.
3,972 --
Property and equipment, net.............................................................................
.
3,071 1,788
Other assets.........................................................................................................
.
262 263
$ 31,120 $ 39,080
LIAB ILITIES AND S TOCKHOLDERS ' EQUITY
Current liabilities :
Accounts payable............................................................................................. $ 4,907 $ 4,496
Accrued compensation....................................................................................
.
937 515
Accrued warranty.............................................................................................
.
301 187
Deferred revenue............................................................................................... 2,493 2,602
Other accrued liabilities.................................................................................... 2,319 1,536
Total current liabilities.............................................................................. 10,957 9,336
N
on-current liabilities.........................................................................................
.
70 --
Commitments and contingencies (Note 8)
Stockholders' equity:
Preferred s tock, $0.001 par value:
Authorized: 5,000,000 s hares ;
Issued and outstanding: no shares at March 31, 2006
and 1 s hare at March 31, 2005.....................................................................
.
-- --
Common s tock, $0.001 par value:
Authorized: 100,000,000 s hares at March 31, 2006
and March 31, 2005;
Issued and outstanding: 61,138,280 shares
at March 31, 2006 and 53,816,989 shares
at March 31, 2005......................................................................................... 61 54
Additional paid-in capital..................................................................................
.
215,072 200,576
Accumulated other comprehensive loss.........................................................
.
(35) (20)
Accumulated deficit............................................................................................ (195,005) (170,866)
Total stockholders' equity.......................................................................
.
20,093 29,744
$ 31,120 $ 39,080