EX-99.1 3 dex991.htm SELECTED FINANCIAL DATA Selected Financial Data

Exhibit 99.1

 

SELECTED CONSOLIDATED FINANCIAL DATA

 

The following selected financial data should be read in conjunction with the Consolidated Financial Statements and Notes thereto and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included elsewhere in this report.

 

     Year Ended

 
     December 31,
2003


   December 31,
2002


   December 31,
2001


    December 31,
2000


    December 31,
1999


 
     (in thousands, except per share amounts)  

Statements of Operations Data:

                                      

Revenue

   $ 134,832    $ 93,174    $ 81,242     $ 109,651     $ 47,031  

Gross profit **

     64,611      53,126      61,699       92,489       40,287  

Income (loss) from continuing operations *

     7,307      30,079      (54,918 )     (56,462 )     (61,363 )

Net income (loss)

     5,786      27,932      (59,567 )     (62,590 )     (64,663 )

Net income (loss) per share—basic:

                                      

Income (loss) from continuing operations

   $ 0.07    $ 0.31    $ (0.60 )   $ (0.63 )   $ (1.35 )

Net income (loss)

     0.06      0.29      (0.65 )     (0.70 )     (1.42 )

Net income (loss) per share—diluted:

                                      

Income (loss) from continuing operations

   $ 0.07    $ 0.29    $ (0.60 )   $ (0.63 )   $ (1.35 )

Net income (loss)

   $ 0.05    $ 0.27    $ (0.65 )   $ (0.70 )   $ (1.42 )
     December 31,
2003


   December 31,
2002


   December 31,
2001


    December 31,
2000


    December 31,
1999


 

Balance Sheet Data:

                                      

Working capital

   $ 59,270    $ 40,282    $ 34,679     $ 87,630     $ 82,688  

Total assets

     126,092      100,554      86,102       182,396       161,519  

Long-term debt and capital lease obligations, net of current portion

     283      1,904      35,777       51,214       1,423  

Total stockholders’ equity

   $ 86,297    $ 67,902    $ 23,644     $ 79,222     $ 119,552  

 * In 2003, income from continuing operations included a restructuring charge of $4.0 million and the Company’s share of joint venture losses of $0.6 million. Net income in 2003 included an extraordinary gain from the purchase of joint venture entities of $0.2 million. In 2002, income from continuing operations included a gain from the extinguishment of debt of $32.6 million and the Company’s share of joint venture losses of $3.7 million. In 2001, income from continuing operations includes a restructuring charge of $15.8 million, amortization of goodwill of $4.6 million and the Company’s share of joint venture losses of $9.6 million. In 2000, income from continuing operations included amortization of goodwill of $6.4 million. In 1999, income from continuing operations included amortization of goodwill of $5.4 million. For further information on our restructuring charges, refer to Note 13 in our Notes to Consolidated Financial Statements.
** Prior to 2002, payments to distribution partners for referral of customers to our LookListings program were reflected as sales and marketing expense because LookSmart branding was associated with the promotion of these products. In 2002 and 2003, these costs are reflected in cost of revenue. The amount reclassified in 2002 was $2.8 million.

 

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