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Genus, Inc.
Condensed Consolidated Statement of Operations (Unaudited)
(Amounts in thousands, except per share data)
Three Months Ended  
March 31 ,  
2003
2002
      
Net sales  $17,695  $ 9,591      
Costs and expenses:
Cost of goods sold 11,577 7,467      
Research and development 2,113 2,185      
Selling, general and administrative     3,174     3,436      
           
Income(loss) from operations 831 (3,497)      
Other expenses, net (423) (255)      
           
Income (loss) before income taxes 408 (3,752)      
Provisions for income taxes         -        -      
Net income (loss) $ 408 $ (3,752)
            
Net income (loss) per share
  Basic $ 0.01 $(0.15)            
Diluted $ 0.01 $(0.15)
       
Shares used in per share calculations-basic 28,913 25,249      
Shares used in per share calculations-diluted 30,532 25,249      
GENUS, INC.
Condensed Consolidated Balance Sheets (Unaudited)
(Amounts in thousands)
March 31,
December 31,
2003
2002
Assets    
Current Assets
Cash and cash equivalents  $ 12,483  $ 11,546
Accounts receivable (net of allowance for doubtful accounts of $69 in 2003 and $69 in 2002 14,050 7,505
Inventories 12,766 11,405
Other current assets 1,442 1,336
Total current assets 40,741 31,792
Equipment, furniture and fixtures, net 8,853 8,661
Other assets 1,238 1,057
Total assets  $ 50,832  $ 41,510    
           
           
Liabilities      
Current Liabilities:      
Short-term bank borrowing $10,074 $7,813      
Accounts payable 7,109 6,498      
Accrued expenses 3,974 3,064      
Deferred revenue 8,099 2,713      
Customer advances 1,151 1,809      
Long-term liabilities, current position 253 245      
Total current liabilities 30,660 22,142      
     
Convertible notes 5,451 5,301      
Long-term liabilities 183 270      
Total liabilities 36,294 27,713      
           
Shareholders' Equity      
Common stock, no par value      
Authorized 50,000 shares;      
Issued and outstanding 28,945 shares in 2003 and 28,621 in 2002 124,335 123,890      
Accumulated deficit (107,401) (107,809)      
Notes receivable from shareholder (151) (151)      
Accumulated other comprehensive loss (2,245) (2,133)      
Total shareholders' equity 14,538 13,797      
Total liabilities and shareholders' equity $50,832 $41,510