WebEx 2002 Annual Report Download - page 55

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WEBEX COMMUNICATIONS, INC.
December 31, 2002, 2001 and 2000
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(In thousands except share and per share amounts)
Three Months Ended
Dec. 31,
2001
Sept. 30,
2001
June 30,
2001
Mar. 31,
2001
(in thousands, except per share data)
Statement of Operations Data:
Netrevenue .............................................. $25,860 $22,134 $18,430 $ 14,761
Costofrevenue ........................................... 5,873 5,693 5,342 4,619
Grossprofit .......................................... 19,987 16,441 13,088 10,142
Operating expenses:
Sales and marketing .................................... 11,639 11,710 12,053 11,806
Research and development .............................. 4,690 4,218 3,649 3,726
General and administrative .............................. 3,140 2,406 2,669 2,087
Equity-based compensation* ............................. 2,235 3,704 4,227 3,522
Total operating expenses ............................ 21,704 22,038 22,598 21,141
Operating loss ............................................ (1,717) (5,597) (9,510) (10,999)
Otherincome,net.......................................... 174 (515) 232 300
Netloss.................................................. $(1,543) $ (6,112) $ (9,278) $(10,699)
Net loss per share, basic and diluted ........................... $ (0.04) $ (0.16) $ (0.26) $ (0.31)
Shares used in computing net loss per share basic and diluted ....... 38,113 37,588 35,859 34,061
* Equity-based compensation:
Sales and marketing .................................... $ 527 $ 1,595 $ 2,321 $ 2,159
Research and development .............................. 651 1,052 678 490
General and administrative .............................. 1,057 1,057 1,228 873
$ 2,235 $ 3,704 $ 4,227 $ 3,522
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