8x8 2001 Annual Report Download - page 38

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NETERGY NETWORKS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
The accompanying notes are an integral part of these consolidated financial statements.
34
YEAR ENDED MARCH 31,
--------------------------------
2001 2000 1999
-------- -------- --------
Product revenues........................................... $ 12,808 $ 20,817 $ 26,189
License and other revenues................................. 5,420 4,567 5,493
-------- -------- --------
Total revenues................................... 18,228 25,384 31,682
-------- -------- --------
Cost of product revenues................................... 5,225 8,448 24,199
Cost of license and other revenues......................... 1,761 150 82
-------- -------- --------
Total cost of revenues........................... 6,986 8,598 24,281
-------- -------- --------
Gross profit..................................... 11,242 16,786 7,401
-------- -------- --------
Operating expenses:
Research and development................................. 18,736 11,909 9,922
Selling, general and administrative...................... 18,113 21,307 17,712
In-process research and development...................... 4,563 10,100 --
Amortization of intangibles.............................. 10,987 614 --
Restructuring charge..................................... 33,316 -- --
-------- -------- --------
Total operating expenses......................... 85,715 43,930 27,634
-------- -------- --------
Loss from operations....................................... (74,473) (27,144) (20,233)
Other income, net.......................................... 2,628 2,807 1,009
Interest expense........................................... (1,456) (391) --
-------- -------- --------
Loss before provision for income taxes..................... (73,301) (24,728) (19,224)
Provision for income taxes................................. 17 120 --
-------- -------- --------
Net loss before cumulative effect of change in accounting
principle................................................ (73,318) (24,848) (19,224)
Cumulative effect of change in accounting principle........ (1,081) -- --
-------- -------- --------
Net loss................................................... $(74,399) $(24,848) $(19,224)
======== ======== ========
Net loss before cumulative effect of change in accounting
principle per basic and diluted share.................... $ (2.95) $ (1.38) $ (1.28)
Cumulative effect of change in accounting principle........ (0.04) -- --
-------- -------- --------
Net loss per basic and diluted share....................... $ (2.99) $ (1.38) $ (1.28)
======== ======== ========
Basic and diluted shares outstanding....................... 24,846 18,071 15,018