Bricsnet Announces Second Quarter 2002 Results
Total assets 14.335 19.446 39.745 Liabilities and Shareholders' Equity Current liabilities Short-term debt 1.023 1.821 544 Accounts payable 953 3.907 2.119 Accrued expenses and other current liabilities 1.637 4.184 3.676 Accrued taxes 40 40 40 Advance billings to customers - - 526 Deferred revenues 1.071 3.202 2.953 Total current liabilities 4.724 13.154 9.858 Long-term debt, less current portion 10.736 8.949 1.339 Minority Interests 2.610 - - Liabilities from discontinuing operations 3.815 - - Total liabilities 21.885 22.103 11.197 Shareholders' equity Common stock, no par value 68.965 68.965 64.870 Additional paid-in capital 7.131 6.832 4.520 Accumulated deficit (82.887) (78.377) (40.745) Cumulative translation Adjustment (759) (77) (97) Total stockholders' equity (7.550) (2.657) 28.548 Total Liabilities and Shareholders Equity 14.335 19.446 39.745 BRICSNET NV CONSOLIDATED STATEMENT OF OPERATIONS in thousands of Euro Six months ended Q2 Q2 June 30 2002 2001 2002 2001 (unaudited)(unaudited)(unaudited)(unaudited) Revenues Licenses and products 117 1.005 369 1.366 Services and support 225 2.021 735 3.542 Content 71 1.276 162 3.482 Total revenues 413 4.302 1.266 8.390 Cost of revenues Cost of licenses and products 40 77 65 251 Cost of services and support 142 957 338 1.612 Cost of content 38 101 41 656 Total cost of revenues 220 1.135 444 2.519 Gross Profit 193 3.167 822 5.871 Operating expenses Research and development 611 1.198 1.507 2.723 Selling, general and administrative expenses 1.178 4.224 2.692 7.866 Depreciation and Amortization 218 1.540 1.071 3.071 Total operating expenses 2.007 6.962 5.270 13.660 (Loss) from continuing operations (1.814) (3.795) (4.448) (7.789) Other income Financial income (expense)(188) (42) (368) (48) Other income (expense) (21) 12 (49) 52 Foreign currency exc. gain (loss) - (29) - (56) Total other income (209) (59) (417) (52) Net (loss) from continuing operations (2.023) (3.854) (4.865) (7.841) Income from discontinued operations (including gain on disposal of 253) (18) - 356 - Net (loss) (2.041) (3.854) (4.509) (7.841) |
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