| |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Genus,
Inc. |
|
|
Exhibit
1 |
| Condensed
Consolidated Statement of Operations (Unaudited) |
|
|
|
|
|
| (Amounts
in thousands, except per share data) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three
Months Ended |
|
Six
Months Ended |
|
|
|
|
June
30, |
|
June
30, |
|
|
|
|
2002
|
|
2001
|
|
2002
|
|
2001
|
|
|
|
|
|
|
|
| Net
sales |
|
$6,743
|
|
$
13,659 |
|
$16,334
|
|
$
27,968 |
|
|
|
|
|
|
|
|
| Costs
and expenses: |
|
|
|
|
|
Cost
of goods sold |
|
5,170
|
|
8,620 |
|
12,637
|
|
17,223
|
|
|
|
|
Research
and development |
|
1,767
|
|
3,242
|
|
3,952
|
|
6,246
|
|
|
|
|
Selling,
general and administrative |
|
3,295 |
|
2,714 |
|
6,731
|
|
5,232 |
|
|
|
|
Loss from operations |
|
(3,489) |
|
(917) |
|
(6,986) |
|
(733) |
|
|
|
|
|
|
|
|
|
| Other
income (expenses), net |
|
(32)
|
|
78 |
|
(287)
|
|
80
|
|
|
|
|
Loss
before income taxes |
|
(3,521) |
|
(839) |
|
(7,273) |
|
(653) |
|
|
|
|
|
|
|
|
|
|
Provision
for income taxes |
|
88 |
|
14 |
|
88
|
|
69 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
Loss |
|
$
(3,609) |
|
$
(853) |
|
$
(7,361) |
|
$
(722) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
loss per share |
|
|
|
|
Basic |
|
$ (0.13) |
|
$ (0.04) |
|
$ (0.28) |
|
$ (0.04) |
|
|
|
Diluted |
|
$ (0.13) |
|
$ (0.04) |
|
$ (0.28) |
|
$ (0.04) |
|
|
|
|
|
|
|
|
Shared
used in per share calculation-basic |
|
26,749 |
|
20,731 |
|
26,003 |
20,055 |
|
|
|
Shares
used in per share calculation-diluted |
|
26,749 |
|
20,731 |
|
26,003 |
|
20,055 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GENUS,
INC. |
|
|
Exhibit
2 |
|
Condensed
Consolidated Balance Sheets (Unaudited) |
|
|
|
|
(Amounts
in thousands) |
|
|
|
|
|
|
|
|
|
June
30,
|
|
|
December 31,
|
|
|
|
|
2002
|
|
|
2001
|
|
|
|
Assets |
|
|
|
|
|
|
Cash
and cash equivalents |
|
$
5,294 |
|
|
$
3,043
|
|
|
|
Accounts
receivable, (net of allowance for doubtful accounts of $69 in
2002 and $69 in 2001) |
|
6,307 |
|
|
4,262
|
|
|
|
Inventories |
|
10,501
|
|
|
12,648
|
|
|
|
Other
current assets |
|
688
|
|
|
1,221
|
|
|
|
Total
current assets |
|
22,790
|
|
|
21,174
|
|
|
|
|
|
|
|
|
|
Equipment,
furniture and fixtures, net |
|
13,152 |
|
|
14,573
|
|
|
|
Other
assets, net |
|
300
|
|
|
155
|
|
|
|
Total
assets |
|
$ 36,242 |
|
|
$
35,902
|
|
|
|
|
|
|
|
|
| |
Liabilities |
|
|
|
|
|
|
Current
liabilities |
|
|
|
|
|
|
short-term
bank borrowing |
|
$
4,183 |
|
|
$4,481
|
|
|
|
Accounts
payable |
|
6,962 |
|
|
8,352
|
|
|
| |
Accrued
expenses |
|
3,206
|
|
|
3,553
|
|
|
| |
Deferred revenue |
|
6,494 |
|
|
7,388
|
|
|
| |
Long-term liabilities, current portion |
|
465 |
|
|
--
|
|
|
| |
Total Current Liabilities |
|
21,310 |
|
|
23,774
|
|
|
| |
|
|
|
|
|
|
|
|
| |
Long-term liabilities |
|
396 |
|
|
--
|
|
|
|
Total Liabilities |
|
21,706 |
|
|
23,774
|
|
|
| |
|
|
|
|
|
|
|
Shareholders'
Equity |
|
|
|
|
|
|
Common
stock, no par value: |
|
|
|
|
|
|
|
| |
Authorized
50,000 shares: Issued and outstanding
27,643 shares at June 30, 2002 and 22,365 shares at December
31, 2001 |
|
|
|
120,341
|
|
|
|
110,753
|
|
|
| |
Accumulated deficit |
|
|
|
(103,550)
|
|
|
|
(96,189)
|
|
|
| |
Note receivable from shareholder |
|
|
|
(151)
|
|
|
|
(151)
|
|
|
| |
Accumulated other comprehensive loss |
|
|
|
(2,104)
|
|
|
|
(2,285)
|
|
|
| |
Total shareholders' equity |
|
|
|
14,536
|
|
|
|
12,128
|
|
|
| |
Total liabilities and shareholders'
equity |
|
|
|
$ 36,242
|
|
|
|
$ 35,902
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
