ADD to BW0449, CA-STARBASE-CORP.Business Editors and High-Tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. Writers ADD to BW0449, (CA-STARBASE-CORP) the following financial tables.
StarBase Corporation
Statements of Operations
For the Quarter Ended December 31, 1999
(In thousands, except per share amounts)
Three Months Three Months Nine Months Nine Months
ended ended ended ended
Dec. 31, Dec. 31, Dec. 31, Dec. 31,
1999 1998 1999 1998
(unaudited) (unaudited) (unaudited) (unaudited)
Revenues:
License $ 3,235 $ 1,477 $ 8,978 $ 3,740
Maintenance, training and
consulting 754 214 1,848 553
Royalty 144 182 513 377
Total
revenues 4,133 1,873 11,339 4,670
Cost of Revenues:
Products, licenses
and other 610 112 1,845 448
Gross margin 3,523 1,761 9,494 4,222
Operating Expenses:
Research and
development 1,132 1,023 3,075 3,161
Selling, general and
administrative 3,418 2,729 9,102 8,007
Total operating
expenses 4,550 3,752 12,177 11,168
Operating loss (1,027) (1,991) (2,683) (6,946)
Interest and other
income 53 (5) 88 41
Equity in loss
from investee 0 0 (250) 0
Loss before income
taxes (974) (1,996) (2,845) (6,905)
Provision for income
taxes 0 0 1 2
Net loss (974) (1,996) (2,846) (6,907)
Non-cash dividend and
accretion of beneficial
conversion feature 0 83 549 417
Net loss applicable to
common
stockholders $ (974) $ (2,079) $ (3,395) $ (7,324)
Per share data
Basic and diluted loss per
common share $(0.03) $(0.10) $(0.11) $(0.39)
Basic and diluted weighted average
number of common shares
outstanding 34,268 20,555 30,859 18,810
StarBase Corporation
Balance Sheets
For the Quarter Ended December 31, 1999
(In thousands, except per share amounts)
December 31, March 31,
1999 1999
(unaudited)
Assets
Current Assets:
Cash and cash equivalents $ 9,240 $ 1,363
Restricted cash 39 39
Marketable securities 22 121
Accounts receivable, net of
allowances of $87 at Dec. 31, 1999
and $155 at March 31, 1999 4,273 2,528
Notes and other receivables, net
of reserve of $702 at
Dec. 31, 1999 0 9
Inventories 25 51
Prepaid expenses and other assets 320 214
Total current assets 13,919 4,325
Property and equipment, net 1,061 987
Developed technology, net 823 971
Note receivable from officer 98 94
Long-term restricted cash 39 79
Other non-current assets 368 149
Total assets $ 16,308 $ 6,605
Liabilities and Stockholders' Equity
Current Liabilities:
Accounts payable and accrued
liabilities $ 1,653 $ 1,264
Deferred revenue 2,332 658
Current portion of capital lease
obligation 132 95
Total current liabilities 4,117 2,017
Long-term liabilities:
Long-term debt, less current
portion 73 116
Other long-term liabilities 638 10
Total long-term liabilities 711 126
Total liabilities 4,828 2,143
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value;
10,000,000 shares authorized,
61,610 and 588,993 shares issued and
outstanding at Dec. 31, 1999 and
March 31, 1999; liquidation
preference of $87 (Dec. 31, 1999)
and $4,916 (March 31, 1999) 1 6
Common stock, $.01 par value;
80,000,000 authorized; 40,983,568
and 28,636,362 shares issued and
outstanding at Dec. 31, 1999 and
March 31, 1999 410 286
Additional paid-in capital 66,601 56,208
Accumulated deficit (55,433) (52,038)
Comprehensive loss (99) 0
Total stockholders' equity 11,480 4,462
Total liabilities and stockholders'
equity $ 16,308 $ 6,605
|
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion