Nautilus 2000 Annual Report Download - page 17

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PART II
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters
Market Price of Our Common Stock
Since May4, 1999, our common stock has been listed for trading exclusively on The Nasdaq National Market System under the symbol DFXI.
Prior to such date, our common stock was listed for trading exclusively on the Toronto Stock Exchange in the Province of Ontario, Canada,
under the symbol DFX. The following table summarizes the high and low closing prices for each period indicated, adjusted to reflect the
three-for-two splits effective August2000 and January2001:
High Low
1999
Quarter 1 $ 8.17 $
5.37
Quarter 2 11.55 7.22
Quarter 3 9.33 6.67
Quarter 4 $ 12.89 $
8.11
2000
Quarter 1 $ 13.33 $
9.67
Quarter 2 21.78 11.95
Quarter 3 27.17 18.17
Quarter 4 $ 31.00 $
21.21
As of February28, 2001, 23,744,414 shares of our common stock were issued and outstanding and held of record by shareholders.
Payment of any future dividends is at the discretion of our board of directors, which considers various factors, such as our financial condition,
operating results, current and anticipated cash needs and expansion plans. Our credit lines do not restrict the payment of dividends. To date, we
have never declared or paid any cash dividends on our common stock and do not presently intend to declare any cash dividends in the near
future. Instead, we intend to retain and direct any future earnings to fund our anticipated expansion and growth.
USE OF PROCEEDS
We received approximately $17.9million in net proceeds from the sale of 975,000 shares of common stock in our May1999 initial U.S. public
offering, which includes proceeds from the overallotment option exercised by the managing underwriters. We applied $7million of the net
proceeds toward stock repurchases, $1.3million toward computer and related technology upgrades, $1.1million to purchase land for a potential
distribution site in Nevada, and $4.2million to purchase a building in Washington. We also used approximately $4.3million of the net proceeds
for working capital purposes, including increased direct marketing expenditures and increases in inventory and accounts receivable balances
due to the growth of our business.
Item 6. Selected Consolidated Financial Data
The selected consolidated financial data presented below for each of the years in the three-year period ended December31, 2000 and the
selected consolidated balance sheet data presented below as of December31, 1999 and 2000 have been derived from the audited consolidated
financial statements of the company included elsewhere in this report. The selected consolidated statement of operations data for the years
ended December31, 1996 and 1997 and the selected consolidated balance sheet data as of December31, 1996 and the selected consolidated
balance sheet data as of December31, 1996, 1997 and 1998 have been derived from audited financial statements of the Company not included
16
2002. EDGAR Online, Inc.