Stamps.com 2005 Annual Report Download - page 61

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STAMPS.COM INC.
NOTES TO FINANCIAL STATEMENTS (continued)
require the Company to pay damages or make other expenditures in amounts that could have a material adverse effect on the Company’s
financial position or results of operations. At this time the Company has not reached a determination that any of the Company’s litigation
proceedings are expected to result in liabilities that will have a material adverse effect on the Company’s financial position or results of
operations.
12. Quarterly Information (Unaudited)
—
—————
*
Quarter Ended
March
June
September
December
( in thousands except per share data )
Fiscal Year 2005:
Revenues
$
11,797
$
14,223
$
15,273
$
20,618
Gross profit
8,653
10,240
11,173
14,411
Income from operations
1,063
1,718
2,033
3,630
Net income
1,641
2,121
2,564
4,103
Net income per share:
Basic
$
0.07
$
0.09
$
0.11
$
0.18
Diluted
$
0.07
$
0.09
$
0.11
$
0.17
Weighted average shares outstanding:
Basic
22,514
22,689
22,974
22,948
Diluted
23,442
23,819
23,749
23,966
Fiscal Year 2004:
Revenues
$
7,580
$
8,161
$
10,673
$
11,698
Gross profit
4,650
5,174
7,191
7,790
Loss from operations
(5,009
)
(1,614
)
(1,199
)
835
Net (loss) income
(4,503
)
(2,345
)
660
1,455
Net (loss) income 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
Common equivalent shares are excluded from the diluted earnings per share calculation as their effect is
anti- dilutive.
F-20