Pro Forma* Income Statement – Q2 2004
Total revenues $185.7 $145.4 $162.2
Gross margin 22.6 12.2% 25.0 17.2% 29.4 18.1%
Operating expenses 31.2 16.8% 30.5 21.0% 29.8 18.4%
Operating loss (8.5) (4.6%) ($5.5) (3.8%) ($0.4) (0.3%)
Non-operating income 0.3 0.2% 1.8 1.2% 0.4 0.3%
Income before tax (8.2) (4.4%) (3.7) (2.6%) 0.0 0.0%
Net income (loss) ($8.1) (14.0%) ($4.0) (4.3%) $0.4 0.3%
Net income (loss) per share ($0.20) ($0.10) $0.01
* Q4 2003 results exclude restructuring charge of $3.0M.
Q1 2004 results exclude restructuring charge of $0.5M.