 |
Statement of Operations
Data:
In Thousands, Except per Share Data |
Years
Ended June 30, |
| |
|
1998
|
|
1997 |
|
1996 |
|
1995 |
|
1994 |
|
|
|
| Sales |
$ |
5,193 |
$ |
4,090 |
$ |
6,165 |
$ |
2,437 |
$ |
789 |
| Guaranteed payment |
|
1,635 |
|
4,896 |
|
- |
|
- |
|
- |
|
|
|
| Total revenue |
|
6,828 |
|
8,986 |
|
6,165 |
|
2,437 |
|
789 |
| Cost of sales |
|
3,565 |
|
2,385 |
|
2,772 |
|
1,262 |
|
600 |
|
|
|
| Gross
profit |
|
3,263 |
|
6,601 |
|
3,393 |
|
1,175 |
|
189 |
|
|
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
| Research
and development |
|
2,825 |
|
2,231 |
|
1,306 |
|
975 |
|
496 |
| Selling,
general and administrative |
|
11,843 |
|
8,784 |
|
5,204 |
|
4,258 |
|
2,870 |
|
Write-off of acquired in-process
research and development |
|
|
- |
|
- |
|
2,791 |
|
- |
|
- |
| |
|
|
| Total
operating expenses |
|
14,668 |
|
11,015 |
|
9,301 |
|
5,233 |
|
3,366 |
|
|
|
| Operating
loss |
|
(11,405) |
|
(4,414) |
|
(5,908) |
|
(4,058) |
|
(3,177) |
|
|
|
|
|
|
|
|
|
|
|
| Interest and other income, net |
|
2,263 |
|
2,538 |
|
443 |
|
7 |
|
58 |
|
|
|
| Net
loss |
$ |
(9,142) |
$ |
(1,876) |
$ |
(5,465) |
$ |
(4,051) |
$ |
(3,119) |
|
|
|
|
Net loss per common share and per common share
- assuming dilution |
|
$ |
(0.68) |
$ |
(0.14) |
$ |
(0.74) |
$ |
(0.62) |
$ |
(0.49) |
| |
|
|
|
Shares used in computing net loss per common
share and per common share - assuming dilution |
|
|
13,373 |
|
13,197 |
|
7,411 |
|
6,496 |
|
6,313 |
| |
|
|
|
|
|
Balance Sheet
Data:
In Thousands |
|
|
June
30, |
|
|
1998 |
|
1997 |
|
1996 |
|
1995 |
|
1994 |
|
|
|
| Cash, cash equivalents and available-for-sale
securities |
$ |
37,469 |
$ |
43,731 |
$ |
49,790 |
$ |
4,541 |
$ |
2,301 |
| Working capital |
|
29,414 |
|
46,835 |
|
50,068 |
|
4,457 |
|
2,516 |
| Total assets |
|
42,824 |
|
51,062 |
|
52,767 |
|
6,245 |
|
3,525 |
| Convertible redeemable preferred stock |
|
- |
|
- |
|
- |
|
13,225 |
|
6,841 |
| Accumulated deficit |
|
(24,835) |
|
(15,693) |
|
(13,817) |
|
(8,352) |
|
(4,301) |
| Shareholders' equity (deficit) |
$ |
40,238 |
$ |
48,987 |
$ |
50,474 |
$ |
(8,316) |
$ |
(4,279) |
|
|
|
|
