8x8 2000 Annual Report Download - page 40

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The accompanying notes are an integral part of these consolidated financial statements.
36
----------- --------
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............... --
Net income.................. 3,727
Total comprehensive
income.................... -- 3,682
-------- --------
Balance at March 31, 1998.... (9,675) 36,443
Issuance of common stock
upon exercise of options
and purchases under the
employee stock purchase
plan...................... -- 838
Repayment of notes
receivable from
stockholders.............. -- 498
Repurchase of unvested
common stock.............. -- --
Deferred compensation
related to stock
options................... -- 416
Unrealized loss on
investments............... --
Net loss.................... (19,224)
Total comprehensive loss.... -- (19,372)
-------- --------
Balance at March 31, 1999.... (28,899) 18,823
Issuance of common stock in
conjunction with the
acquisition of Odisei
S.A. ..................... -- 13,191
Issuance of common stock to
STMicroelectronics, net of
issuance costs............ -- 35,093
Issuance of warrants with
convertible debentures.... -- 2,467
Issuance of common stock
upon exercise of options
and purchases under the
employee stock purchase
plan...................... -- 2,080
Repayment of notes
receivable from
stockholders.............. -- 240
Repurchase of common stock.. -- (10)
Deferred compensation
related to stock
options................... -- 161
Realized loss on
investments............... -- --
Net loss.................... (24,848) --
Total comprehensive loss..... -- (24,655)
-------- --------
Balance at March 31, 2000.... $(53,747) $ 47,390
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