 |
Consolidated Statements of Operations
(in thousands, except per share data)
|
Year Ended
March 31,
2002 |
Year Ended
March 31,
2001 |
Year Ended
March 31,
2000 |
 |
 |
| Revenues |
$ 20,419 |
$ 34,135 |
$ 35,186 |
| Cost of revenues |
13,537 |
23,890 |
26,207 |
 |
 |
| Gross profit |
6,882 |
10,245 |
8,979 |
 |
 |
| Operating expenses: |
|
|
|
| Sales and marketing |
3,284 |
4,856 |
3,232 |
| General and administrative |
5,382 |
6,920 |
7,441 |
| Restructuring expense |
925 |
337 |
- |
 |
 |
| Total operating expenses |
9,591 |
12,113 |
10,673 |
 |
 |
| Loss from operations |
(2,709) |
(1,868) |
(1,694) |
| Interest income, net |
1,041 |
2,144 |
1,822 |
| Write-down of investment |
3,000 |
- |
- |
 |
 |
Income (loss) from continuing operations before
provision for income taxes |
(4,668) |
276 |
128 |
| Provision (benefit) for income taxes |
(1,274) |
250 |
109 |
 |
 |
| Income (loss) from continuing operations |
(3,394) |
26 |
19 |
| Discontinued operations: |
|
|
|
Loss from operations of discontinued business
(less applicable income tax benefit of $410) |
797 |
- |
- |
Loss on disposal of business (less applicable
income tax benefit of $735) |
1,930 |
- |
- |
 |
 |
| Net income (loss) |
$ (6,121) |
$26 |
$19 |
 |
 |
| Earnings (loss) per share from continuing operations: |
|
|
|
| Basic |
$ (0.26) |
$ 0.00 |
$ 0.00 |
| Diluted |
$ (0.26) |
$ 0.00 |
$ 0.00 |
 |
 |
Earnings (loss) per share from discontinued
operations: |
|
|
|
| Basic |
$ (0.21) |
- |
- |
| Diluted |
$ (0.21) |
- |
- |
 |
 |
| Earnings (loss) per share from net income: |
|
|
|
| Basic |
$ (0.47) |
$ 0.00 |
$ 0.00 |
| Diluted |
$ (0.47) |
$ 0.00 |
$ 0.00 |
 |
 |
Shares used in computing earnings (loss)
per share (basic) |
13,028 |
12,998 |
12,925 |
 |
 |
Shares used in computing earnings (loss)
per share (diluted) |
13,028 |
13,213 |
13,254 |
 |
 |
The accompanying notes are an integral part of these consolidated financial statements. |
|