 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Genus,
Inc. |
|
|
|
| Condensed
Consolidated Statement of Operations (Unaudited) |
|
|
|
|
| (Amounts
in thousands, except per share data) |
|
|
|
|
|
|
|
|
|
|
|
Three
Months Ended |
|
|
|
|
|
|
March
31 , |
|
|
|
|
|
|
2002
|
|
2001
|
|
|
|
|
|
|
|
|
|
|
|
| Net
sales |
|
$9,591
|
|
$
14,309 |
|
|
|
|
|
|
|
|
|
|
|
|
| Costs
and expenses: |
|
|
|
|
|
Cost
of goods sold |
|
7,467
|
|
8,603
|
|
|
|
|
|
|
|
|
Research
and development |
|
2,185
|
|
3,004
|
|
|
|
|
|
|
|
|
Selling,
general and administrative |
|
3,436 |
|
2,518 |
|
|
|
|
|
|
|
|
Income(loss) from operations |
|
(3,497) |
|
184) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other,
net |
|
(255)
|
|
2 |
|
|
|
|
|
|
|
|
Income(loss)
before income taxes |
|
(3,752) |
|
186 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income
Taxes |
|
0 |
|
55 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income (loss) |
|
$
(3,752) |
|
$
131 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income (loss) per share - basic |
$
(0.15) |
|
$
0.01 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income (loss) per share - diluted |
$
(0.15) |
|
$
0.01 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares
used in per share calculations - basic |
|
|
|
|
|
|
|
|
|
Shares
used in per share calculations-basic |
|
25,249
|
|
19,379 |
|
|
|
|
|
|
|
Shares
used in per share calculations-diluted |
|
25,249
|
|
19,926 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GENUS,
INC. |
|
|
|
|
Condensed
Consolidated Balance Sheets (Unaudited) |
|
|
|
|
(Amounts
in thousands) |
|
|
|
|
|
|
|
|
|
March
31, |
|
December
31, |
|
|
|
|
|
2002
|
|
2001
|
|
|
|
|
Assets |
|
|
|
|
|
|
Cash
and cash equivalents |
|
$
9,456 |
|
$
3,043 |
|
|
|
|
Accounts
receivable, net |
|
3,203
|
|
4,262 |
|
|
|
|
Inventories |
|
8,675
|
|
12,648
|
|
|
|
|
Other
current assets |
|
825
|
|
1,221
|
|
|
|
|
Total
current assets |
|
22,159
|
|
21,174
|
|
|
|
|
|
|
|
|
|
|
Property
and equipment, net |
|
13,953
|
|
14,573
|
|
|
|
|
Other
assets, net |
|
336 |
|
155 |
|
|
|
|
Total
assets |
|
$ 36,448 |
|
$ 35,902 |
|
|
|
|
|
|
|
|
|
|
Liabilities
and shareholder's equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred
revenue |
|
$
6,914 |
|
$
7,388 |
|
|
|
|
Other
current liabilities |
|
12,702 |
|
16,386 |
|
|
|
|
Long
term liability |
|
436
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
Shareholders'
equity |
|
16,396 |
|
12,128 |
|
|
|
| |
Total
liabilities and shareholder's equity |
|
|
|
$
36,448
|
|
$
35,902
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
* Inventories include
inventory shipped to customers of $3.5 million at March 31,
2002 and $5.1 million at December 31, 2001. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
