8x8 2003 Annual Report Download - page 71

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68
8X8, INC.
CONSOLIDATED QUARTERLY FINANCIAL DATA
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
(UNAUDITED)
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
PART III
Certain information required by Part III is omitted from this Report on Form 10-K in that the Registrant will file its
definitive Proxy Statement for its Annual Meeting of Stockholders (the 2003 Proxy Statement) pursuant to
Regulation 14A of the Securities Exchange Act of 1934, as amended, not later than 120 days after the end of the
fiscal year covered by this Report, and certain information included in the 2003 Proxy Statement is incorporated
herein by reference.
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
The information required by this is included in the 2003 Proxy Statement under the captions "Election of Directors -
- Nominees," "Additional Information -- Executive Officers" and "Additional Information -- Section 16(a)
Beneficial Ownership Reporting Compliance" and is incorporated herein by reference.
ITEM 11. EXECUTIVE COMPENSATION
Q UARTER ENDED
March 31, Dec. 31, Sept. 30, June 30, March 31, Dec. 31, Sept. 30, June 30,
2003 2002 2002 2002 2002 2001 2001 2001
Total revenues...................................... $ 2,907 $ 2,386 $ 2,442 $ 3,268 $ 2,221 $ 4,944 $ 3,926 $ 3,600
Cost of revenues...................................
.
1,692 755 982 861 692 659 434 1,038
Gross profit........................................... 1,215 1,631 1,460 2,407 1,529 4,285 3,492 2,562
Operating expenses:
Research and development.................. 1,540 1,825 2,078 2,392 2,705 2,295 2,697 3,868
Selling, general, and
administrative................................... 1,383 2,023 1,852 2,183 1,956 2,269 2,367 2,962
Amortization of intangibles................
.
-- -- -- -- 191 190 191 191
Restructuring and other charges........... 2,097 1,340 -- -- -- -- -- --
Total operating expenses.............. 5,020 5,188 3,930 4,575 4,852 4,754 5,255 7,021
Loss from operations............................ (3,805) (3,557) (2,470) (2,168) (3,323) (469) (1,763) (4,459)
Other income (expense), net................. 27 16 511 43 218 135 (220) 12
Loss before income taxes...................... (3,778) (3,541) (1,959) (2,125) (3,105) (334) (1,983) (4,447)
Provision for income taxes................... -- -- -- -- 15 -- -- --
Net loss before extraordinary gain (3,778) (3,541) (1,959) (2,125) (3,120) (334) (1,983) (4,447)
Extraordinary gain on extinguishment
of debt, net.........................................
.
-- -- -- -- -- 779 -- --
N
et income (loss).................................. $ (3,778) $ (3,541) $ (1,959) $ (2,125) $ (3,120) $ 445 $ (1,983) $ (4,447)
Net income (loss) per share:
Basic................................................... $ (0.13) $ (0.12) $ (0.07) $ (0.08) $ (0.11) $ 0.02 $ (0.07) $ (0.17)
Diluted................................................ $ (0.13) $ (0.12) $ (0.07) $ (0.08) $ (0.11) $ 0.02 $ (0.07) $ (0.17)
Shares used in per share calculations:
Basic................................................... 28,460 28,452 28,387 28,246 28,156 27,201 26,958 26,769
Diluted................................................ 28,460 28,452 28,387 28,246 28,156 27,438 26,958 26,769