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To read comments to this article, go here
SCO's financial results are in
Thursday, March 01 2007 @ 04:19 PM EST

SCO has presented their Quarterly results (Yahoo). Summary: $1 million loss on total revenues of $6 million. It has helped SCO's finances that they don't have their monthly payments to their lawyers anymore. Total assets are $18.4 million; which is less than the $25.8 million Novell requests for a constructive trust. -- MathFox

                    Condensed Consolidated Balance Sheet Data
                            (unaudited, in thousands)

                                                    January 31,   October 31,
                                                       2007           2006
    Assets:
      Cash and cash equivalents                       $7,137         $5,369
      Restricted cash                                  4,498          8,024
      Available-for-sale marketable securities           500          2,249
      Accounts receivable, net                         4,010          5,123
      Other                                            1,332          1,514
        Total current assets                          17,477         22,279
      Property and equipment, net                        519            608
      Other                                              431            522
        Total assets                                 $18,427        $23,409

    Liabilities:
      Accounts payable                                $1,659         $2,338
      Accrued payroll and other expenses               4,477          5,566
      Deferred revenue                                 2,681          2,994
      Other                                            1,627          4,237
        Total current liabilities                     10,444         15,135
      Long-term liabilities                              191            192
    Stockholders' equity                               7,792          8,082
      Total liabilities and stockholders' equity     $18,427        $23,409



               Condensed Consolidated Statement of Operations Data
                 (unaudited, in thousands, except per share data)

                                                      Three Months Ended
                                                          January 31,
                                                       2007          2006

    Products revenue                                  $4,866         $6,000
    SCOsource licensing revenue                           23             30
    Services revenue                                   1,126          1,313
      Total revenue                                    6,015          7,343
    Cost of products revenue                             377            584
    Cost of SCOsource licensing revenue                  654          4,010
    Cost of services revenue                             559            637
      Total cost of revenue                            1,590          5,231
      Gross margin                                     4,425          2,112
    Operating expenses:
      Sales and marketing                              2,440          2,688
      Research and development                         1,759          1,871
      General and administrative                       1,323          1,592
      Amortization of intangibles                         --            592
        Total operating expenses                       5,522          6,743
    Loss from operations                              (1,097)        (4,631)
    Equity in income (loss) of affiliate                  42             (8)
    Other income, net                                    143            145
    Loss before provision for income taxes              (912)        (4,494)
    Provision for income taxes                          (112)           (87)
    Net loss                                         $(1,024)       $(4,581)
    Basic and diluted net loss per common share       $(0.05)        $(0.23)
    Weighted average basic and diluted common
     shares outstanding                               21,186         20,062

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