|
MATTSON TECHNOLOGY, INC.
INCOME STATEMENT (in thousands, except per share amounts) (unaudited) |
|||||
|
Three Months Ended
|
Year Ended
|
||||
|
|
|
||||
|
Dec. 31 1998
|
Dec. 31 1997
|
Sept. 27 1998
|
Dec. 31 1998
|
Dec. 31 1997
|
|
|
|
|
|
|
|
|
| Net sales |
$ 13,869
|
$ 24,503
|
$ 9,420
|
$ 59,186
|
$ 76,730
|
| Cost of sales |
9,054
|
11,623
|
8,920
|
37,595
|
37,130
|
|
|
|
|
|
|
|
| Gross profit |
4,815
|
12,880
|
500
|
21,591
|
39,600
|
|
|
|
|
|
|
|
| Operating expenses: | |||||
| Research, development & engineering |
4,292
|
4,633
|
4,107
|
16,670
|
14,709
|
| Selling, general & administrative |
5,880
|
7,302
|
6,294
|
24,542
|
24,495
|
| Acquired in-process research & development |
——
|
——
|
4,220
|
4,220
|
——
|
|
|
|
|
|
|
|
| Total operating expenses |
10,172
|
11,935
|
14,621
|
45,432
|
39,204
|
|
|
|
|
|
|
|
| Income (loss) from operations |
(5,357)
|
945
|
(14,121)
|
(23,841)
|
396
|
| Interest and other income (expense), net |
391
|
288
|
431
|
1,811
|
1,486
|
|
|
|
|
|
|
|
| Income (loss) before income taxes |
(4,966)
|
1,233
|
(13,690)
|
(22,030)
|
1,882
|
| Provision for income taxes |
137
|
239
|
1,109
|
337
|
451
|
|
|
|
|
|
|
|
| Net income (loss) |
$ (5,103)
|
$ 994
|
$(14,799)
|
$(22,367)
|
$ 1,431
|
|
|
|
|
|
|
|
| Net Income (loss) per share |
|||||
Basic |
$ (.33)
|
$ .07
|
$ (1.00)
|
$ (1.52)
|
$ .10
|
|
|
|
|
|
|
|
Diluted |
$ (.33)
|
$ .07
|
$ (1.00)
|
$ (1.52)
|
$ .09
|
|
|
|
|
|
|
|
|
ASSETS |
|||||
|
Dec. 31, 1998
|
Dec. 31, 1997
|
|
| Current Assets: | ||
Cash and cash equivalents |
$ 11,863
|
$ 25,583
|
Short-term investments |
8,128
|
8,598
|
Accounts receivable, net |
9,614
|
14,784
|
Inventories |
10,924
|
19,068
|
Prepaid expenses and other current assets |
8,745
|
5,222
|
|
|
|
|
Total current assets |
49,274
|
73,255
|
| Property and equipment, net |
12,090
|
11,188
|
| Other assets |
6,756
|
——
|
|
|
|
|
|
$ 68,120
|
$ 84,443
|
|
|
|
|
|
|
Liabilities and Stockholder's Equity
|
||
| Current liabilities: | ||
|
$ 3,399
|
$ 3,349
|
Accrued liabilities |
14,841
|
12,910
|
|
|
|
|
Total current liabilities |
18,240
|
16,259
|
Total stockholder equity |
49,880
|
68,184
|
|
|
|
|
|
$ 68,120
|
$ 84,443
|
|
|
|
|
|