Caldera International Reports Third Quarter ResultsSep 06, 2001, 17:27 (0 Talkback[s])
|--||For the fourth quarter of fiscal 2001, the company expects net revenue to be $15 to $20 million.|
|--||For the fourth quarter of fiscal 2001 the company expects the operating loss to be $20 to $24 million. This estimate includes restructuring costs and non-cash charges. The net loss is expected to be approximately $0.35 to $0.42 per basic and diluted common share based on the estimated weighted average number of common shares outstanding of approximately 57.1 million.|
As previously announced, Caldera International will host a conference call at 5 p.m. EDT today, Sept. 6, 2001, to discuss third quarter results. To participate in the teleconference, please call 800/289-0436, confirmation code 468003, approximately five minutes prior to the time stated above.
A Webcast replay will be available approximately four hours following the end of the call at http://ir.caldera.com/conference.html.
Caldera International Inc.
Caldera International is the leader in "Unifying UNIX with Linux for Business." Based in Orem, Caldera has representation in 82 countries and has 15,000+ resellers worldwide. For more information on Caldera products and services, visit http://www.caldera.com.
Caldera, OpenLinux, UnixWare, Open UNIX, Caldera Volution and "Unifying UNIX with Linux for Business" are trademarks or registered trademarks of Caldera International Inc.
LINUX is a registered trademark of Linus Torvalds.
UNIX is a registered trademark of The Open Group in the United States and other countries.
The statements set forth above include forward-looking statements that involve risks and uncertainties. The company wishes to advise readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements.
Those factors include the ability of the company to successfully integrate the operation of the recently acquired assets and operations which are significantly larger than the historical operations of the company, the continued acceptance in the marketplace of the historical products of the acquired operations, the ability of the company to develop and successfully introduce products integrating its products and services with those historically offered by the recently acquired operations, the failure of recently introduced and new products to operate as designed due to incompatibility with some platforms or other defects; our reliance on developers in the open source community; new and changing technologies and customer acceptance of those technologies; the company's ability to compete effectively with other companies; failure of our brand to achieve the broad recognition necessary to succeed; unenforceability of the GNU general public license and other Open Source licenses; our reliance on third party developers of components of our software offerings; claims of infringement of third-party intellectual property rights; and disruption in the company's distribution sales channel.
These and other factors, which could cause actual results to differ materially, are discussed in more detail in the company's filings with the Securities and Exchange Commission.
Caldera International Inc. Condensed Consolidated Balance Sheets (unaudited) July 31, Oct. 31, 2001 2000 (in thousands) Cash $ 25,407 $ 36,560 Available-for-sale securities 11,936 54,179 Accounts receivable, net 16,161 1,545 Other current assets 4,820 1,700 Total current assets 58,324 93,984 Property and equipment, net 6,577 1,589 Other assets, net 100,300 11,945 Total assets $165,201 $107,518 Current liabilities 31,492 5,304 Long-term liabilities 8,515 -- Minority interest 173 -- Stockholders' equity 125,021 102,214 Total liabilities and stockholders' equity $165,201 $107,518 Caldera International Inc. Condensed Consolidated Statements of Operations (unaudited) Three Months Ended Nine Months Ended July 31, July 31, 2001 2000 2001 2000 (in thousands, except per share amounts) Net Revenue $ 18,857 $ 1,188 $ 21,509 $ 3,102 Cost of Revenue 6,005 1,231 8,990 2,863 Gross margin (deficit) 12,852 (43) 12,519 239 Operating Expenses: Sales and marketing 13,029 4,625 23,407 10,504 Research and development 6,662 1,111 10,757 3,391 General and administrative 2,691 1,986 5,772 4,490 In-process research and development 1,500 -- 1,500 -- Cost-sharing arrangement with SCO -- -- 602 -- Write-down of investments 2,600 -- 6,910 -- Amortization of goodwill and intangibles 5,332 -- 5,332 -- Non-cash compensation 391 1,043 982 4,001 Total operating expenses 32,205 8,765 55,262 22,386 Loss From Operations (19,353) (8,808) (42,743) (22,147) Equity in Loss of Affiliate -- -- (648) -- Other Income, Net 769 1,288 3,358 2,149 Loss Before Income Taxes (18,584) (7,520) (40,033) (19,998) Provision for Income Taxes (241) (11) (290) (38) Net Loss $(18,825) $ (7,531) $(40,323) $(20,036) Dividends Related to Convertible Preferred Stock -- -- -- (12,253) Net Loss Attributable to Common Stockholders $(18,825) $ (7,531) $(40,323) $(32,289) Basic and Diluted Net Loss Per Common Share $ (0.34) $ (0.19) $ (0.89) $ (1.05) Weighted Average Common Shares Outstanding 55,766 39,037 45,074 30,822