8x8 2003 Annual Report Download - page 14

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11
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON STOCK AND RELATED SECURITY HOLDER
MATTERS
The Company completed its initial public offering on July 2, 1997 under the name 8x8, Inc. From that date through
April 3, 2000, the Company's common stock was traded on the NASDAQ National Market (the NASDAQ) under
the symbol "EGHT." From April 4, 2000 through July 18, 2001, the Company's common stock was traded on the
NASDAQ under the symbol "NTRG." Since July 19, 2001 the Company's common stock has traded under the
symbol "EGHT." The Company has never paid cash dividends on its common stock and has no plans to do so in the
foreseeable future. As of May 22, 2003, there were 295 holders of record of the Company's common stock.
The following table sets forth the range of high and low closing prices for each period indicated:
Period Hi
g
hLow
Fiscal 2003:
First
q
uarte
r
$ 1.05 $ 0.31
Second
q
uarte
r
$ 0.60 $ 0.29
Third
q
uarte
r
$ 0.43 $ 0.20
Fourth
q
uarte
r
$ 0.37 $ 0.18
Fiscal 2002:
First
q
uarte
r
$ 2.32 $ 0.65
Second
q
uarte
r
$ 1.48 $ 0.60
Third
q
uarte
r
$ 1.11 $ 0.68
Fourth
q
uarte
r
$ 1.30 $ 0.84
ITEM 6. SELECTED FINANCIAL DATA
____________
(1) Fiscal 2001 was a 52 week and 2 day fiscal year. Fiscal year 2000 was a 53-week fiscal year, while fiscal
2003, 2002 and 1999 were 52-week fiscal years.
(2) Net loss and net loss per share include an extraordinary gain of $779,000 resulting from the early
extinguishment of our convertible subordinated debentures.
Years Ended March 31, (1)(8)
2003 (7) 2002 (2) 2001(6)(3) 2000(4)(6) 1999(5)
(in thousands, except per share amounts)
Total revenues..................................................
.
$ 11,003 $ 14,691 $ 18,228 $ 25,384 $ 31,682
N
et loss..............................................................
.
$ (11,403) $ (9,105) $ (74,399) $ (24,848) $ (19,224)
Net loss per share:
Basic.................................................................
.
$ (0.40) $ (0.33) $ (2.99) $ (1.38) $ (1.28)
Diluted.............................................................. $ (0.40) $ (0.33) $ (2.99) $ (1.38) $ (1.28)
Total assets.......................................................
.
$ 6,705 $ 19,653 $ 39,145 $ 59,983 $ 28,709
Convertible subordinated debentures......... $ -- $ -- $ 6,238 $ 5,498 $ --
Contingently redeemable common stock...... $ 669 $ 813 $ -- $ -- $ --
Accumulated deficit.........................................
.
$ (148,679) $ (137,276) $ (128,146) $ (53,747) $ (28,899)
Total stockholders' equity..............................
.
$ 2,164 $ 13,234 $ 21,632 $ 47,390 $ 18,823