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Table of Contents
The following data should be read in conjunction with the “Management’s Discussion and Analysis of Financial Condition and Results of
Operations” and our consolidated financial statements, including the notes thereto, included elsewhere in this Report.
17
ITEM 6.
SELECTED FINANCIAL DATA
Year ended December 31,
2003
2002
2001
2000
1999
(in thousands, except per share data)
Statement of Operations Data:
Revenues
$
21,200
$
16,329
$
19,427
$
15,234
$
358
Cost of sales
8,264
5,328
7,954
23,691
2,430
Research and development
4,820
4,790
12,578
33,051
7,363
Sales and marketing
6,298
2,509
9,684
72,966
35,208
General and administrative
14,459
15,467
33,036
102,191
14,333
Impairment of goodwill
—
—
163,634
—
—
Provision for loss on loan with former officer
—
—
—
3,346
—
Restructuring charges
2
—
—
25,974
11,475
—
Loss from operations
1
(12,641
)
(11,765
)
(233,433
)
(231,486
)
(58,976
)
Interest income (expense), net
3,314
4,893
10,062
18,436
2,489
Other income, net
—
25
—
—
—
Gain from shut down of EncrypTix
3
—
—
23,195
—
—
Loss from sale of iShip
1
—
—
(
9,397
)
—
—
Net loss
$
(9,327
)
$
(6,847
)
$
(209,573
)
$
(212,949
)
$
(56,487
)
Basic and diluted net loss per share
$
(0.21
)
$
(0.14
)
$
(4.14
)
$
(4.54
)
$
(2.59
)
Weighted average shares outstanding used in basic
and diluted per
-
share calculation
44,112
49,291
50,645
46,888
21,824
As of December 31,
2003 2002 2001 2000 1999
(in thousands)
Balance Sheet Data:
Cash and investments
$
162,774
$
172,714
$
192,924
$
247,939
$
374,746
Working capital
74,553
99,410
185,786
234,645
390,357
Total assets
178,264
188,951
222,586
486,938
410,442
Line of credit, capital lease obligations and other long-
term
liabilities
—
—
98
9,114
1,951
Total stockholders
’
equity (deficit)
174,485
186,336
217,259
422,681
401,598
1)
See the acquisition, investment in and sale of subsidiary footnote beginning on page
F
-
12.
2)
See restructuring footnote beginning on page
F
-
18.
3)
See change in ownership and shutdown of subsidiary footnote beginning on page
F-13.