EX-99.C 5 l95715aexv99wc.txt EX-99(C) STATEMENT OF OPERATIONS FOR 6/30/2002 EXHIBIT 99(C) STATEMENTS OF OPERATIONS FOR THE QUARTERS INCLUDED IN AND FOR THE NINE-MONTHS ENDED MARCH 31, 2002 FRONTSTEP, INC. CONSOLIDATED STATEMENTS OF OPERATIONS as adjusted (IN THOUSANDS, EXCEPT PER SHARE DATA)
NINE MONTHS THREE MONTHS ENDED ENDED SEPTEMBER 30, DECEMBER 31, MARCH 31, MARCH 31, 2001 2001 2002 2002 ------- ------- ------- ------- Revenue: License fees 9,329 9,366 7,482 26,177 Services 6,186 5,197 5,589 16,972 Maintenance and support 9,456 8,808 8,732 26,996 ------- ------- ------- ------- Total revenue 24,971 23,371 21,803 70,145 Cost of revenue: License fees 4,250 4,421 4,125 12,796 Service, maintenance and support 6,926 7,326 6,745 20,997 ------- ------- ------- ------- Cost of revenue 11,176 11,747 10,870 33,793 ------- ------- ------- ------- Gross margin 13,795 11,624 10,933 36,393 Operating expenses: Selling, general and administrative 10,823 11,995 10,050 32,868 Research and product development 1,691 1,712 1,657 5,060 Amortization of intangibles 530 380 433 1,343 Restructuring and other charges -- -- -- -- ------- ------- ------- ------- Total operating expenses 13,044 14,087 12,140 39,271 ------- ------- ------- ------- Operating income (loss) 751 (2,463) (1,207) (2,878) Other income (expense), net (528) (380) (683) (1,591) ------- ------- ------- ------- Income (loss) before income taxes 223 (2,843) (1,890) (4,469) Provision for income taxes 26 -- (719) (693) ------- ------- ------- ------- Net income (loss) 197 (2,843) (1,171) (3,776) ======= ======= ======= ======= Net income (loss) per share $ 0.03 $ (0.38) $ (0.15) $ (0.50) ======= ======= ======= ======= Net income (loss) per share, assuming dilution $ 0.03 $ (0.38) $ (0.15) $ (0.50) ======= ======= ======= ======= Weighted average shares outstanding 7,568 7,568 7,568 7,568 Weighted average shares outstanding, assuming dilution 7,661 7,568 7,568 7,568
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