CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) June 30 December 31 2008 2007 (Unaudited) ASSETS cash 2008 2007 Cash, cash equivalents and short-term investments $ 59,092 $ 53,973 Other current assets 9,026 9,044 Total current assets 68,118 63,017 Goodwill 25,066 25,066 Other non-current assets 2,137 2,229 Total assets $ 95,321 $ 90,312 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities $ 20,221 $ 22,523 Other non-current liabilities 2,906 3,024 Total liabilities 23,127 25,547 Total stockholders' equity 72,194 64,765 Total liabilities and stockholders' equity $ 95,321 $ 90,312 BROADVISION, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (unaudited) Three Months Ended Six Months Ended June 30 June 30 2008 2007 2008 2007 Revenues: Software licenses $ 2,448 $ 5,494 $ 6,425 $ 11,228 Services 5,582 7,774 11,635 14,785 Total revenues 8,030 13,268 18,060 26,013 Cost of revenues: Cost of software licenses 6 22 13 34 Cost of services 2,155 2,215 4,408 4,608 Total cost of revenues 2,161 2,237 4,421 4,642 Gross profit 5,869 11,031 13,639 21,371 Operating expenses: Research and development 2,309 2,483 4,646 5,138 Sales and marketing 1,961 1,781 3,846 3,850 General and administrative 1,603 1,479 3,301 2,546 Restructuring (credit) charge (5 ) 306 (23 ) 584 Total operating expenses 5,868 6,049 11,770 12,118 Operating income 1 4,982 1,869 9,253 Other income (expense), net 1,438 3,688 5,214 (3,023 ) Income before provision for income taxes 1,439 8,670 7,083 6,230 Provision for income taxes (4 ) (230 ) (287 ) (286 ) Net income $ 1,435 $ 8,440 $ 6,796 $ 5,944 Basic income per share $ 0.01 $ 0.08 $ 0.06 $ 0.06 Diluted income per share $ 0.01 $ 0.08 $ 0.06 $ 0.05 Shares used in computing: Weighted average shares - basic 109,300 107,424 109,131 107,047 Weighted average shares - diluted 110,380 111,035 110,387 110,027 BROADVISION, INC. AND SUBSIDIARIES NON-GAAP MEASURE CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (unaudited) Three Months Ended Six Months Ended Jun. 30 Mar. 31 Jun. 30 Jun. 30 Jun. 30 2008 2008 2007 2008 2007 Revenues: Software licenses $ 2,448 $ 3,977 $ 5,494 $ 6,425 $ 11,228 Services 5,582 6,053 7,774 11,635 14,785 Total revenues 8,030 10,030 13,268 18,060 26,013 Cost of revenues: Cost of software licenses 6 7 22 13 34 Cost of services 2,119 2,216 2,159 4,335 4,498 Total cost of revenues 2,125 2,223 2,181 4,348 4,532 Gross profit 5,905 7,807 11,087 13,712 21,481 Operating expenses: Research and development 2,228 2,298 2,373 4,526 4,906 Sales and marketing 1,878 1,831 1,713 3,709 3,714 General and administrative 1,514 1,643 1,420 3,157 2,431 Total operating expenses 5,620 5,772 5,506 11,392 11,051 Non-GAAP measure operating income 285 2,035 5,581 2,320 10,430 Other income, net 813 1,322 584 2,135 1,215 Non-GAAP measure income before provision for income taxes 1,098 3,357 6,165 4,455 11,645 Provision for income taxes (4 ) (283 ) (230 ) (287 ) (286 ) Non-GAAP measure net income $ 1,094 $ 3,074 $ 5,935 $ 4,168 $ 11,359 Basic non-GAAP measure net income per share $ 0.01 $ 0.03 $ 0.06 $ 0.04 $ 0.11 Diluted non-GAAP measure net income per share $ 0.01 $ 0.03 $ 0.05 $ 0.04 $ 0.10 Shares used in computing basic non-GAAP measure net income per share 109,300 108,961 107,424 109,131 107,047 Shares used in computing diluted non-GAAP measure net income per share 110,308 110,327 111,035 110,387 110,027 BROADVISION, INC. AND SUBSIDIARIES RECONCILIATION OF U.S. GAAP TO NON-GAAP MEASURE NET INCOME (unaudited; in thousands) Three Months Ended Six Months Ended Jun. 30 Mar. 31 Jun. 30 Jun. 30 Jun. 30 2008 2008 2007 2008 2007 Net income, U.S. GAAP $ 1,435 $ 5,361 $ 8,440 $ 6,796 $ 5,944 Non-GAAP measure adjustments: Restructuring (credit) charge (5 ) (18 ) 306 (23 ) 584 SFAS 123R Expense [2] 289 185 293 474 593 Revaluation of warrants liabilities [1] (625 ) (2,454 ) (3,104 ) (3,079 ) 4,238 Non-GAAP measure net income $ 1,094 $ 3,074 $ 5,935 $ 4,168 $ 11,359 [1] Included as a component of other income, net, for each period presented. [2] Included as a component of cost of service and operating expense for each period presented.
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BROADVISION 05:36 Bayerische Motoren Wer 31.07. Deutsche Börse AG 31.07. Wacker Construction Eq 31.07. Klöckner-Werke AG 31.07. Berliner Effektengesel 31.07. cash.life AG 31.07. CFC Industriebeteiligu 31.07. GK Software AG 31.07. K+S Aktiengesellschaft 31.07. NorCom Information Tec 31.07. BayWa AG 31.07. Baader Wertpapierhande 31.07. ALTA FIDES Aktiengesel 31.07. Dresdner Factoring AG 31.07. C-QUADRAT Investment A 31.07. Nordex AG 31.07. MIFA Mitteldeutsche Fa 31.07. MediGene AG 31.07. PEH Wertpapier AG 31.07. EPCOS AG 31.07. S&T System Integration 31.07. SolarWorld AG 31.07. Mühlbauer Holding AG & 31.07. Nemetschek AG 31.07. Actris AG Soll der ehemalige Ministerpräsident von Nordrhein-Westfalen und ehemalige Bundeswirtschaftsminister Wolfgang Clement wegen seiner von der SPD-Linie abweichenden Meinung zur Energie-Politik aus der Partei ausgeschlossen werden? Ja, denn jeder prominente Politiker einer Partei sollte die Meinungen seiner Partei vertreten Nein, denn Politiker dürfen auch eine andere Meinung als die Parteizentrale haben Weiss nicht Ergebnis/Archiv |