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
|
