Brummbär : Fantastic Zahlen für die die es interessiert ....
FANTASTIC GIBT DIE ZAHLEN FÜR DIE ERSTEN NEUN MONATE 2000 BEKANNT
Zug (Switzerland), 15 November 2000 - The Fantastic Corporation (Neuer Markt, Frankfurt: FAN), a leading provider of Broadband Multimedia solutions today announced financial results for the first nine months 2000. In the period ended September 30, 2000 Revenues increased to $15.1 million or by 13% compared to the same period in 1999.
Sevices and Maintenance fees increased to $4.6 million or by 123% compared to the same period last year. This increase underpins the continued increase in recurring revenues.
Reto Braun, Chairman & CEO commented: "While sales for the first nine months of 2000 are disappointing we have undertaken great strides in positioning the Company for solutions and recurring revenues. Our technology is proven and is continually being up-dated and expanded. A solid management team is in place and we have taken important measures to materially strengthen our sales structures."
Total Operating Costs over the quarter were at $14.5 million compared to $13.9 million in the 2nd quarter, 2000 mainly due to higher costs in Research and Development.
The Company's Net Loss for the period ended September 30, 2000 was $38.7 million as compared to $10.1 million a year earlier. These figures are net of non-cash compensation expenses, which relate to Company stock option programs. A considerable part of the loss relates to foreign exchange losses of $11.1 million (mainly unrealized) due to the weak Euro.
The net loss (net of non-cash compensation expenses) per traded co-ownership interest was $0.32 compared to $0.12 over the same period in 1999.
Andreas Emmenegger, Chief Financial Officer said: "In the 3rd quarter 2000 cash reserves decreased by $16.4 million. Of this one-third related to unrealized foreign exchange losses. With $95.8 million our liquidity remains healthy resulting in a cash reserve of over 2 years based on the burn rate over the past 12 months."
Selected Financial Data
(In accordance with US GAAP)
(Amounts in US $ thousands, except per share amounts)
January 1st - September 30th, 2000
2000 1999 Change in %
Revenues 15,051 13,355 1,696 13
Gross Profit 12,369 11,624 745 6
Operating Loss * -30,928 -11,314 -19,614 173
Net Loss * -38,686 -10,067 -28,619 284
Net Loss per Share* -32.19 -12.05 -20.14 167
Net Loss per GDR* -0.32 -0.12 -0.20 167
Cash Flow from operating activities -25,454 -12,491 12,963 104
Cash & Cash Equivalent 95,821 140,097 -44,276 -32
Shareholders' Equity 102,870 142,246 -39,376 -28
Total Assets 120,490 156,974 -36,484 -23
Employees as of September 30th 337 230 107 47
*net of non-cash compensation expenses