Acclaim Entertainment, Inc. Reports 75% Increase in Net Revenues Over Prior Year for Second Quarter of Fiscal Year 2002.Business/Entertainment Editors GLEN COVE Glen Cove, city (1990 pop. 24,149), Nassau co., SE N.Y., on the north shore of Long Island, at the entrance to Hempstead Harbor; settled 1668, inc. as a city 1918. , N.Y.--(BUSINESS WIRE)--April 11, 2002 Company Maintains Net Revenue Guidance For Fiscal Years 2002 And 2003 Acclaim Entertainment, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on .SC: AKLM AKLM Acclaim Entertainment, Inc. (stock symbol) ), a leading global video entertainment software developer and publisher, today reported earnings before an extraordinary item of $5.0 million, or $0.06 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, on net revenues of $70.7 million for the second fiscal quarter ended March 3, 2002. For the first six months of fiscal 2002, Acclaim reported earnings before an extraordinary item of $22.4 million or $0.27 per diluted share on net revenues of $151.8 million. These profits were achieved before an extraordinary loss of $1.2 million, or $0.02 per diluted share, from the early retirement of $12.2 million principal amount of the 10% convertible subordinated notes. Net earnings were $3.8 million or $0.04 per diluted share for the second quarter of fiscal 2002 after giving effect to the extraordinary loss, which reflected a 600.0% increase over the net earnings of $0.5 million or $0.01 per diluted share for the same quarter of fiscal 2001. Net earnings for the first six months of fiscal 2002 were $21.2 million or $0.25 per share after giving effect to the extraordinary loss. "We achieved our goals for the second quarter of this fiscal year, as our portfolio of titles received critical praise, and continued to generate sales and a consistent return on our investment in tools and technologies for this next-generation hardware cycle," said Gregory Fischbach Gregory Fischbach (known to many as Greg Fischbach) founded video game publisher Acclaim Entertainment, Inc. in 1987 and was its CEO until its bankruptcy in 2004. Mr. Fischbach addressed the United States Senate regarding Internet privacy and ESRB ratings. , Chief Executive Officer of Acclaim. "Our organization continued to execute on its operating plan, including the timely delivery of all scheduled product releases, the retirement of the outstanding debt and the improvement of the Company's balance sheet." "Our second quarter simultaneous launch of All-Star Baseball All-Star Baseball is a baseball video game series developed and published by Acclaim Entertainment. The series began in 1998 with the release of All-Star Baseball '99. (TM) 2003 across all platforms, underscored our commitment to creating great products on schedule, which appeal to the increasing mass-market mass-mar·ket adj. Of, relating to, or produced for consumption in large numbers, especially when sold in supermarkets, in drugstores, and at newstands: a mass-market paperback. tr.v. consumer audience," added Fischbach There are several communes and places that have the name Fischbach (German for fish brook):
prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the latest NPD NPD New Product Development NPD Nouveau Parti Démocratique (Canada) NPD Narcissistic Personality Disorder NPD Norwegian Petroleum Directorate NPD Nationaldemokratische Partei Deutschlands Funworld report, All-Star Baseball(TM) 2003 after four weeks on the charts, was the fifth best-selling best·sell·er also best seller n. A product, such as a book, that is among those sold in the largest numbers. best software title for the Microsoft's Xbox A video game console from Microsoft that was designed to compete with Sony's PlayStation and Nintendo's GameCube. Introduced in 2001 with a 733 MHz Pentium III CPU, 5x DVD drive and custom-designed graphics processor, the Xbox also includes four game controller ports, Ethernet networking (TM) video game console A specialized desktop computer used to play video games. The three most popular game consoles are Sony's PlayStation 3 (PS3), Nintendo's GameCube and Microsoft's Xbox. Game software is available on CDs or DVDs, although earlier game machines used cartridges containing read only memory and the fifth best-selling title for the PlayStation(R)2 computer entertainment system. In addition, the game has been garnering stellar reviews, including Game Informer Game Informer (often abbreviated to GI) is an American-based monthly magazine featuring articles, news, strategy and reviews of popular video games and associated consoles. , who gave it the highest score in the category (9/10) and Newsweek who cited the title as 'Best in Breed.'" Second Quarter Fiscal Year 2002 Financial Performance For the second quarter, gross profit was 59% of net revenues, which was below the Company's forecast and was impacted by two primary factors: a promotional arrangement in the rental market designed to drive awareness for the launch of All-Star Baseball(TM) 2003; and the establishment of a budget software line. The Company expects gross profits to return to its previously forecasted levels in the third and fourth quarters of fiscal year 2002. Fiscal 2002 operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. for the second quarter of $35.0 million increased 39% or $9.8 million from $25.3 million for the same period of the prior fiscal year. The increase was primarily attributable to $10.6 million higher marketing and selling expenses for TV, media and print, as well as royalty expenses with respect to certain of our key titles. Operating expenses for the first six months of fiscal year 2002 of $66.6 million were $7.4 million or 13.0% higher than the same period of the prior fiscal year primarily due to the increased marketing, advertising and royalty expenses noted above. Second Quarter Fiscal Year 2002 Gross Revenues By Console Gross revenues by console during the second fiscal quarter of fiscal 2002, primarily consisted of 128-bit software (87.0%); 32-bit software (6.0%); portable cartridges
Personal Computer Games was a multi-format UK computer games mag of the early/mid eighties. and other (1.0%). On a geographic basis, North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and International operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. generated 77.0% and 23.0% of net revenues, respectively. In addition, Acclaim's six internal studios generated 70.0% of the Company's gross revenues during the quarter. Profitable performance for the second quarter of fiscal 2002 was highlighted by the releases of nine SKU's. All-Star Baseball(TM) 2003, Ecco the Dolphin This article is about the video game. For the game series, see Ecco the Dolphin (series). Ecco the Dolphin is a video game released in 1992 for the Sega Mega Drive/Genesis. : Defender of the Future(TM), Shadow Man(TM): 2econd Coming for the PlayStation(R)2 computer entertainment system; All-Star Baseball(TM) 2003, 18 Wheeler: American Pro Trucker(TM) and Jeremy McGrath Supercross World Jeremy McGrath Supercross World is a video game of the supercross genre released in 2002 by Acclaim Entertainment. The game is endorsed by supercross star Jeremy McGrath and is the sequel to Jeremy McGrath Supercross 2000. (TM) for the Nintendo GameCube The Nintendo GameCube (GCN) is Nintendo's fourth home video game console, belonging to the sixth generation era. The system itself is the most compact and least expensive, next to the Dreamcast, of the sixth generation era consoles. (TM); All-Star Baseball(TM) 2003 for Microsoft's Xbox(TM) video game console; and NBA JAM NBA Jam is a basketball arcade game created by Midway in 1993. It is the first entry in the NBA Jam series, and was written entirely in assembly language. The main designer and programmer for this game was Mark Turmell. 2002 for Nintendo's Game Boy(R) Advance. Furthermore, the continued sale of catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. products and ongoing success of Dave Mirra Freestyle BMX Dave Mirra Freestyle BMX is a video game released in 2000 featuring Dave Mirra and other professional BMX riders. It was developed by Z-Axis Ltd. and published by Acclaim, and was released on the PlayStation, Dreamcast, Game Boy Color and the Windows PC. (TM), Crazy Taxi Crazy Taxi is a video game developed by Hitmaker and published by Sega. The game was first released in arcades in 1999 and was ported to the Sega Dreamcast in 2000. (TM), Burnout Burnout Depletion of a tax shelter's benefits. In the context of mortgage backed securities it refers to the percentage of the pool that has prepaid their mortgage. (TM), Legends of Wrestling Legends of Wrestling is a professional wrestling video game based on the greatest wrestlers of all time, from WWF/WWE, NWA, WCW, ECW and various independent promotions. It was developed and produced by Acclaim. (TM), ATV (1) (Advanced TV) An early name for the digital TV standard proposed by the Advisory Committee on Advanced Television Service (ACATS). See ACATS. See also ATV Forum. (2) (Analog TV) Refers to the NTSC, PAL and SECAM analog TV standads. : Quad Power Racing(TM) and the Mary-Kate and Ashley brands, continued to contribute to a profitable quarter. The following top-selling game franchises by title, contributed 79% of the total gross revenue in the second quarter of fiscal 2002: All-Star Baseball(TM) 2003 (24.0%); Legends of Wrestling(TM) (13.0%); Dave Mirra Freestyle BMX(TM) (9.0%); Shadow Man(TM): 2econd Coming (8.0%); Burnout(TM) (7%); Jeremy McGrath Supercross World(TM) (6.0%); Crazy Taxi(TM) (5.0%); 18 Wheeler: American Pro Trucker(TM) (4.0%) and Mary-Kate and Ashley (3.0%). Company's Improved Financial Condition The Company reported a much-improved balance sheet at the end of the second fiscal quarter. For the second fiscal quarter ended March 3, 2002, the Company reported cash on hand of $44.1 million, working capital of $18.5 and stockholder's equity Stockholder's equity The residual claims that stockholders have against a firm's assets, calculated by subtracting all current liabilities and debt liabilities from total assets. of $43.4 million. Contributing significantly to the improved financial condition of the Company were three factors: positive cash from operations; the private placement of common stock; and the retirement of the balance of the 10% convertible subordinated notes. Private Placement of Common Stock On February 13, 2002, the Company completed a private placement of 7.2 million shares of common stock for gross proceeds of $21.5 million. Pursuant to an agreement with the investors, the Company filed a registration statement with the SEC to register all of the common stock sold in the offering. The registration statement is pending review at the SEC. Retirement of Convertible Notes On March 1, 2002, the Company repaid in full the outstanding principal balance of $12.2 million of its 10% convertible subordinated notes, plus accrued interest Accrued Interest The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date. There are two methods for calculating accrued interest: 1) 360-day year method, used for corporate and municipal bonds. of approximately $0.6 million due at maturity on March 1, 2002. Adjusted Fiscal Year 2002 Net Revenues and Earnings Guidance The Company is maintaining its previously stated net revenues guidance for the third and fourth quarters of fiscal 2002 of $65.0 million and $90.0 million, respectively. The second half projected revenue total of $155.0 million represents an 82.0% increase over the same period of fiscal year 2001 or $85.2 million. The full year fiscal 2002 net revenues guidance has been increased to $308.0 million to allow for the actual net revenues increase of the first half to flow through for the full year total. Fiscal 2002 net revenues guidance of $308.0 million represents a 56.0% increase over the prior year. In addition, the Company is maintaining its estimated non-taxed earnings guidance of $38.6 million or $0.39 per diluted share, which represents 166.0% and 77.0% increases, respectively, over fiscal year 2001. Assuming a federal statutory effective tax rate of 35.0%, the earnings estimate would be $25.0 million or $0.26 per diluted share. Fiscal Year 2003 Net Revenue and Earnings Guidance The Company is maintaining its previously stated net revenue guidance for fiscal 2003 of $379.0. In addition, the Company is maintaining its estimated non-taxed net earnings guidance of $66.0 million or $0.67 per diluted share, which represents 71% and 72% increases, respectively, over fiscal year 2002 guidance.
ACTUAL PROJECTED
-------------------------------------- -------------------------------
Q1 Q2 Q3 Q4 FY02 FY03
-------------------------------------- -------------------------------
Net Revenue $81.0 $71.0 $65.0 $90.0 $308.0 $379.0
-------------------------------------- -------------------------------
Earnings $17.4 $5.0 $2.8 $13.4 $38.6 $66.0
-------------------------------------- -------------------------------
EPS (Fully Diluted) $0.21 $0.06 $0.03 $0.14 $0.39 $0.67
-------------------------------------- -------------------------------
Fully Diluted Shares 88.1M 86.9M 97.0M 98.0M 98.0M 98.0M
-------------------------------------- -------------------------------
In fiscal 2003, the Company plans to release 62 SKU's, including 17 for PlayStation(R)2; 14 for Nintendo's GameCube(TM); 18 for Microsoft's Xbox(TM) and 13 for Nintendo's Game Boy(R) Advance; representing a 24% increase in its schedule over fiscal year 2002. Acclaim will launch several new brands during the year, including Vexx(TM), the highly anticipated next-generation title from the Company's internal studio. "We are very excited by our third and fourth quarter releases, including the eagerly anticipated launches of Aggressive Inline Aggressive Inline is an inline skating video game released in 2002. The game features professional inline skaters, including Chris Edwards, Eito Yasutoko, Franky Morales, and Taïg Khris. and Turok: Evolution, both of which are poised to set benchmarks in their respective genres," concluded Fischbach. "Followed by the launches of Vexx(TM) and Dave Mirra Freestyle BMX 3(TM) during the first quarter of fiscal year 2003, we believe that Acclaim will have a very strong and diverse holiday lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. that will be well represented across all gaming systems." Fiscal 2002 Third Quarter Release Schedule During the third quarter of its fiscal year 2002, Acclaim intends to release 11 SKU's: PlayStation(R)2 computer entertainment system: - Aggressive Inline - ESRB Rating Pending - Turok: Evolution - ESRB Rating Pending Nintendo GameCube(TM): - Aggressive Inline - ESRB Rating Pending - Turok: Evolution - ESRB Rating Pending Microsoft's Xbox(TM) video game console: - Aggressive Inline - ESRB Rating Pending - Turok: Evolution - ESRB Rating Pending Nintendo Game Boy(R)Advance: - Aggressive Inline - ESRB Rating Pending - Turok: Evolution - ESRB Rating Pending Fiscal 2002 Fourth Quarter Release Schedule During the fourth quarter of its fiscal year 2002, Acclaim intends to release between 7-10 SKU's, including several titles that will be announced shortly: PlayStation(R)2 computer entertainment system: - Turok: Evolution - ESRB ESRB Entertainment Software Rating Board ESRB Estrogen Receptor Beta ESRB Explosive Safety Review Board Rating Pending Nintendo GameCube(TM): - Aggressive Inline - ESRB Rating Pending - Turok: Evolution - ESRB Rating Pending Microsoft's Xbox(TM) video game console: - Aggressive Inline - ESRB Rating Pending - Turok: Evolution - ESRB Rating Pending Nintendo Game Boy(R) Advance: - Aggressive Inline - ESRB Rating Pending - Turok: Evolution - ESRB Rating Pending Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . The forward-looking statements included here are based on current expectations that involve a number of risks and uncertainties, as well as on certain assumptions. Such statements regarding future events and/or the future financial performance of the Company are subject to certain risks and uncertainties, such as delays in the completion or release of products, the continued support of the Company's lead lender and vendors, the achievement of sales assumptions as projected, the continuation of savings from expense reductions, the risk of war, terrorism and similar hostilities, the possible lack of consumer appeal and acceptance of products released by the Company, fluctuations in demand, that competitive conditions within the Company's markets will not change materially or adversely, that the Company's forecasts will accurately anticipate market demand and the related impact upon liquidity and its ability to service its debt obligations should any of these risks occur. Assumptions relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions, and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Company. Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, the business and operations of the Company are subject to substantial risks and uncertainties that increase the uncertainty inherent in the forward-looking statements. These and other risks and uncertainties are detailed from time to time in Acclaim's reports filed with the Securities and Exchange Commission and should be referred to. About Acclaim Entertainment Based in Glen Cove, N.Y., Acclaim Entertainment, Inc., is a leading worldwide developer, publisher and mass marketer of software for use with interactive entertainment game consoles See video game console. including those manufactured by Nintendo, Sony Computer Entertainment and Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail, as well as personal computer hardware systems. Acclaim owns and operates six studios located in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and the United Kingdom which includes a motion capture and recording studio in the U.S., and publishes and distributes its software through its subsidiaries in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , the United Kingdom, Germany, France and Spain. The Company uses regional distributors worldwide. Acclaim also distributes entertainment software for other publishers worldwide, publishes software gaming strategy guides and issues "special edition" comic magazines from time to time to support its time valued brands, Turok and Shadow Man. Acclaim's corporate headquarters are in Glen Cove, New York Glen Cove is a city in Nassau County, New York on the North Shore of Long Island. As of the United States 2000 Census, the city population was 26,622. Part of the early 20th century Gold Coast of the North Shore, Glen Cove has a diverse population. and Acclaim's common stock is publicly traded on NASDAQ.SC under the symbol AKLM. For more information please visit our website at www.acclaim.com. Notice of Conference Call The Company has scheduled a conference call to discuss its operating results for the second fiscal quarter ended March 3, 2002 following the market close on Thursday, April 11, 2002 at 5:00 PM Eastern Daylight Time (EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT ). Individuals in the U.S. who want to listen to the conference call can dial (888) 679-0923. Overseas callers need to dial (706) 679-8251. All parties should dial in five to ten minutes prior to the scheduled teleconference time. A rebroadcast of the call will be available starting at 7:00 PM EDT on April 11, 2002, through 5:00 PM on Thursday, April 18, 2002. The replay of the conference call can be accessed by dialing (800) 642-1687, and when prompted, enter the PIN number 3621716. Overseas callers should dial (706) 645-9291 to hear the rebroadcast and use the same PIN number 3621716. Acclaim's conference call is being webcast by CCBN CCBN Central Coast Bancorp CCBN Charles County Business Network and can be accessed at Acclaim's web site at http://www.acclaim.com. In addition, it will be distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call at www.companyboardroom.com or by visiting any of the investor sites in CCBN's Individual Investor Network such as America Online's Personal Finance Channel, Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. (R) (Fidelity.com) and others. Institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. can access the call via CCBN's password protected event management site, StreetEvents (www.streetevents.com). To listen to the live call, please go to the web site at least 15 minutes before the scheduled time In rallying, the Scheduled Time of any crew is the time, calculated at the beginning of the event, that they should arrive at any given control. It is different from Due Time in that Due Time is dynamic, ie it can change throughout the event as competitors drop time; whereas to register, and download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. and/or install any necessary audio software. A replay on the CCBN site will be available until Thursday, April 18, 2001. "PlayStation"' and the "PS"' Family logo are registered trademarks of Sony Computer Entertainment Inc. NINTENDO GAMECUBE AND THE NINTENDO GAMECUBE LOGO ARE TRADEMARKS OF NINTENDO.(c)2001 NINTENDO. Xbox and Microsoft are trademarks of Microsoft Corp.
ACCLAIM ENTERTAINMENT, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
March 3, August 31,
2002 2001
(Unaudited)
------------ -----------
Assets
Current Assets
Cash $ 44,095 $ 26,797
Accounts receivable, net 72,425 49,074
Inventories 9,191 4,043
Prepaid expenses 5,849 4,816
------------ -----------
Total Current Assets 131,560 84,730
------------ -----------
Other assets 41,904 40,900
------------ -----------
Total Assets $ 173,464 $ 125,630
============ ===========
Liabilities and Stockholders' Equity (Deficit)
Current Liabilities
Convertible notes $ - $ 29,225
Short-term borrowings 34,756 25,428
Trade accounts payable 28,551 33,630
Accrued expenses 49,756 39,560
------------ -----------
Total Current Liabilities 113,063 127,843
------------ -----------
Long-term liabilities 16,963 18,142
------------ -----------
Total Liabilities 130,026 145,985
------------ -----------
Stockholders' Equity (Deficit)
Common stock 1,827 1,546
Additional paid-in capital 309,672 267,436
Accumulated deficit (266,411) (287,573)
Accumulated other comprehensive loss (1,650) (1,764)
------------ -----------
Total Stockholders' Equity (Deficit) 43,438 (20,355)
------------ -----------
Total Liabilities and
Stockholders' Equity (Deficit) $ 173,464 $ 125,630
============ ===========
ACCLAIM ENTERTAINMENT, INC AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
Three Months Ended Six Months Ended
March 3, March 3,
------------------- ------------------
2002 2001 2002 2001
-------- -------- -------- --------
Net revenues $70,746 $40,358 $151,770 $112,397
Cost of revenues 29,261 13,596 58,473 37,654
-------- -------- -------- --------
Gross profit 41,485 26,762 93,297 74,743
-------- -------- -------- --------
Operating expenses
Marketing and selling 14,526 3,896 26,267 15,858
General and administrative 10,959 9,906 21,481 20,432
Research and development 9,552 11,472 18,844 22,928
-------- -------- -------- --------
Total operating expenses 35,037 25,274 66,592 59,218
-------- -------- -------- --------
Earnings from operations 6,448 1,488 26,705 15,525
-------- -------- -------- --------
Total other expense, net (2,256) (999) (5,291) (3,980)
-------- -------- -------- --------
Earnings before income taxes 4,192 489 21,414 11,545
-------- -------- -------- --------
Income tax
provision (benefit) (830) (54) (969) 197
-------- -------- -------- --------
Earnings before
extraordinary loss 5,022 543 22,383 11,348
Extraordinary loss on
early retirement of notes (1,221) - (1,221) -
-------- -------- -------- --------
Net earnings $ 3,801 $ 543 $ 21,162 $ 11,348
======== ======== ======== ========
Basic per share data:
Earnings before
extraordinary loss $ 0.06 $ 0.01 $ 0.28 $ 0.20
Extraordinary loss (0.01) - (0.01) -
-------- -------- -------- --------
Net earnings $ 0.05 $ 0.01 $ 0.27 $ 0.20
======== ======== ======== ========
Weighted average common
shares outstanding 81,785 56,877 79,551 56,792
======== ======== ======== ========
Diluted per share data:
Earnings before
extraordinary loss $ 0.06 $ 0.01 $ 0.27 $ 0.20
Extraordinary loss (0.02) - (0.02) -
-------- -------- -------- --------
Net earnings $ 0.04 $ 0.01 $ 0.25 $ 0.20
======== ======== ======== ========
Weighted average common
shares outstanding 86,893 56,891 84,462 56,807
======== ======== ======== ========
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion