Support.com 2008 Annual Report Download - page 32

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Table of Contents
ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA.
The information set forth below is not necessarily indicative of results of future operations and should be read in conjunction with “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” and the Consolidated Financial Statements and related notes included in Items 7 and
8 of Part II of this Report.
Years Ended December 31,
2008 2007 2006 2005 2004
(in thousands, except per share data)
Consolidated Statements of Operations Data:
Revenue:
License $ 11,813 $ 15,780 $ 16,415 $ 32,737 $ 37,923
Maintenance 15,881 16,084 15,672 14,317 11,002
Services 14,365 14,888 12,941 14,877 11,692
Consumer 6,811 1,050 — — —
Total revenue 48,870 47,802 45,028 61,931 60,617
Costs and expenses:
Cost of license 337 218 499 555 295
Cost of maintenance. 1,930 2,586 1,225 988 418
Cost of services 13,652 15,652 13,599 13,128 9,592
Cost of consumer 9,615 4,608 — — —
Amortization/write-down of intangible assets 202 2,815 1,090 1,090 363
Research and development 8,896 9,441 9,247 11,185 9,746
Sales and marketing 24,305 30,410 23,336 25,159 23,965
General and administrative 11,006 9,296 10,163 8,618 6,454
In-process research and development — — — — 1,618
Total costs and expenses 69,943 75,026 59,159 60,723 52,451
Income (loss) from operations (21,073) (27,224) (14,131) 1,208 8,166
Interest income and other, net 2,506 6,526 6,383 3,619 2,298
Income (loss) before income taxes (18,567) (20,698) (7,748) 4,827 10,464
Provision for income taxes (539) (671) (487) (402) (310)
Net income (loss) (19,106) (21,369) (8,235) 4,425 10,154
Basic net income (loss) per share $ (0.41) $ (0.47) $ (0.19) $ 0.10 $ 0.24
Shares used in computing basic net income (loss) per share 46,098 45,610 44,113 43,032 42,355
Diluted net income (loss) per share $ (0.41) $ (0.47) $ (0.19) $ 0.10 $ 0.22
Shares used in computing diluted net income (loss) per share 46,098 45,610 44,113 44,519 45,590
December 31,
2008 2007 2006 2005 2004
(in thousands)
Consolidated Balance Sheet Data:
Cash, cash equivalents and investments $ 87,856 $ 112,940 $ 119,891 $ 120,663 $ 120,341
Working capital 68,429 109,280 118,238 119,807 113,320
Total assets 123,586 138,458 152,605 156,249 150,205
Long-term obligations 2,453 1,318 411 1,111 2,210
Accumulated deficit (109,665) (90,559) (69,190) (60,955) (65,380)
Total stockholders’ equity 105,446 120,862 132,503 134,394 127,857
29
Source: SUPPORTSOFT INC, 10-K, March 11, 2009