Stamps.com 2004 Annual Report Download - page 56

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F-21
STAMPS.COM INC.
NOTES TO FINANCIAL STATEMENTS (continued)
16. Quarterly Information (Unaudited)
Quarter Ended
March June September
December
(in thousands except per share data)
Fiscal Year 2004:
Revenues........................................................................ $ 7,580 $ 8,161 $ 10,673 $ 11,698
Gross profit.................................................................... 4,650 5,174 7,191 7,790
Income (loss) from operations....................................... (5,009) (1,614) 835
Net income (loss)........................................................... (4,503) (2,345) 660 1,455
Net income (loss) per share: .........................................
Basic $ (0.20) $ (0.10) $ 0.03 $ 0.06
Diluted $ (0.20) $ (0.10) $ 0.03 $ 0.06
Weighted average shares outstanding:...........................
Basic 22,206 22,365 22,413 22,455
Diluted 22,206* 22,365* 23,237 23,430
Fiscal Year 2003:
Revenues........................................................................ $ 4,556 $ 4,962 $ 5,302 $ 6,380
Gross profit.................................................................... 2,822 3,168 3,095 3,851
Loss from operations ..................................................... (3,019) (3,759) (2,392) (3,471)
Net loss .......................................................................... (2,069) (2,843) (1,741) (2,674)
Net income (loss) per share: .........................................
Basic $(0.10) $(0.12) $ (0.08) $(0.12)
Diluted $(0.10) $(0.12) $ (0.08) $(0.12)
Weighted average shares outstanding:...........................
Basic 22,183
21,976 22,006 22,057
Diluted 22,183* 21,976* 22,006* 22,057*
———————
* Common equivalent shares are excluded from the diluted earnings per share calculation as their effect is anti-
dilutive.