8x8 1998 Annual Report Download - page 36
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The accompanying notes are an integral part of these financial statements.
31
upon exercise of
options................. -- 19
Issuance of common
stock................... -- 10
Issuance of Series D
convertible
noncumulative preferred
stock................... -- 3,765
Deferred compensation
related to stock
options................. -- 4,486
Net loss.................. (13,613) (13,613)
-------- --------
Balance at March 31,
1997.................... (13,402) 6,041
Issuance of common stock
upon initial public
offering, net of
issuance costs of
$2,231.................. -- 24,679
Issuance of common stock
upon exercise of options
and purchases under the
employee stock purchase
plan.................... -- 597
Conversion of convertible
noncumulative preferred
stock to common stock... -- --
Issuance of warrant....... -- 17
Repayment of notes
receivable from
stockholders............ -- 162
Repurchase of unvested
common stock............ -- --
Deferred compensation
related to stock
options................. -- 1,265
Unrealized loss on
investments............. -- (45)
Net income................ 3,727 3,727
-------- --------
Balance at March 31,
1998.................... $ (9,675) $ 36,443
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