Digital River 2001 Annual Report Download - page 39

Download and view the complete annual report

Please find page 39 of the 2001 Digital River annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 60

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60

37
Consolidated Statements of Operations for the Years Ended December 31,
Digital River 2001 Annual Report
2001 2000 1999
R EVENUE $57,825 $ 31,181 $ 14,507
CO STS AND EXPENSES
(exclusive of depreciation and amortization expense shown separately below):
Direct cost of services 2,710 1,477 ,801
Network and infrastructure 10,200 7,867 4,434
Sales and marketing 27,489 25,693 17,383
Product research and development 11,192 13,063 10,251
General and administrative 4,701 4,628 4,001
Depreciation and amortization 4,627 3,178 1,552
Amortization of goodwill and other intangibles acquisition related costs (Note 2) 17,009 15,387 6,886
Total costs and expenses 77,928 71,293 45,308
LOSS FRO M OPERATIO NS (20,103) (40,112) (30,801)
INTER EST INCOME ,881 1,996 3,148
NET LOSS $(19,222) $(38,116) $(27,653)
BASIC AND DILUTED NET LOSS PER SHARE $ (0.79) $ (1.78) $ (1.36)
BASIC AND DILUTED WEIGHTED AVER AGE COMMON SHAR ES OUTSTANDING 24,285 21,413 20,312
The accompanying notes are an integral part of these consolidated financial statements.
(In Thousands, Except Per Share Data)