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MATTSON TECHNOLOGY, INC.
INCOME STATEMENT (in thousands, except per share amounts) (unaudited) |
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Three Months Ended
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Mar. 28, 1999
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Mar. 29, 1998
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Dec. 31, 1998
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| Net sales |
$ 14,320
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$ 20,248
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$ 13,869
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| Cost of sales |
7,076
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11,173
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9,054
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Gross profit |
7,244
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9,075
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4,815
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| Operating expenses: | |||
| Research, development & engineering |
3,898
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4,501
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4,292
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| Selling, general & administrative |
6,031
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6,725
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5,880
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| Total operating expenses |
9,929
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11,226
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10,172
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| Loss from operations |
(2,685)
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(2,151)
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(5,357)
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| Interest and other income (expense), net |
293
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481
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391
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| Loss before income taxes |
(2,392)
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(1,670)
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(4,966)
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| Provision for (benefit from) income taxes |
49
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(450)
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137
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| Net loss |
$ (2,441)
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$ (1,220)
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$ (5,103)
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| Net loss per share: | |||
Basic |
$ (0.16)
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$ (0.09)
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$ (0.33)
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Diluted |
$ (0.16)
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$ (0.09)
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$ (0.33)
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| Weighted average shares outstanding: | |||
Basic |
15,423
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14,254
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15,315
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Diluted |
15,423
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14,254
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15,315
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ASSETS |
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March 28, 1999
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December 31, 1998
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| Current assets: | |||
Cash and cash equivalents |
$ 13,820
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$ 11,863
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Short-term investments |
——
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8,128
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Accounts receivable, net |
13,130
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9,614
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Inventories |
13,928
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10,924
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Prepaid expenses and other current assets |
8,839
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8,745
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Total current assets |
49,717
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49,274
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| Property and equipment, net |
11,129
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12,090
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| Other assets |
4,467
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6,756
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$ 65,313
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$ 68,120
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LIABILITIES AND SROCKHOLDERS' EQUITY
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| Current liabilities: | |||
Accounts payable |
$ 5,335
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$ 3,399
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Accrued liabilities |
12,599
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14,841
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Total current liabilities |
17,934
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18,240
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Total stockholders' equity |
47,379
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49,880
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$ 65,313
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$ 68,120
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