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Genus, Inc.
Condensed Consolidated Statement of Operations (Unaudited)
(Amounts in thousands, except per share data)
       
  Three Months Ended   Three Months Ended
  March 31, 2001   March 31, 2000
       
Net sales $ 14,309   $ 3,826
       
Costs and expenses:      
Cost of goods sold 8,603   2,844
Research and development 3,004   1,760
Selling, general and administrative 2,518   2,825
Income(loss) from operations 184   (3,603)
       
Other, net 2   286
Income(loss) before income taxes 186   (3,317)
       
Provision for income taxes 55   250
       
Net income(loss) before cumulative      
effect of change in accounting principle 131   (3,567)
       
Cumulative effect of change in accounting principle -   (6,770)
       
Net income(loss) $ 131   $ (10,337)
       
Net income(loss) per common share and      
per common share assuming basic shares $ 0.01   $ (0.56)
       
Net income(loss) per common share and      
per common share assuming dilution $ 0.01   $ (0.56)
       
Shares used in per share calculations-basic 19,379   18,569
Shares used in per share calculations-diluted 19,926   18,569
 
 
Condensed Consolidated Balance Sheets (Unaudited)
(Amounts in thousands)
 
       
 
March 31, 2001
 
December 31, 2000
Assets      
Cash and cash equivalents $ 3,092   $ 3,136
Accounts receivable, net 5,034   8,479
Inventories * 19,143   21,849
Other current assets 689   675
Total current assets 27,958   34,139
       
Equipment, furniture and fixtures, net 13,279   10,207
Other assets, net 183   189
Total assets $ 41,420   $ 44,535
       
Liabilities, redeemable preferred stock, and shareholders' equity      
Deferred revenue $ 14,673   $ 18,562
Other current liabilities 15,199   14,681
Shareholders' equity 11,548   11,292
Total liabilities, redeemable preferred stock, and shareholders' equity $ 41,420   $ 44,535