|
Three
Months Ended March 31, |
Six
Months Ended March 31, |
||||||||||||
|
2005 |
2004 |
2005 |
2004 |
||||||||||
|
Revenue |
$ |
30,430 |
$ |
23,180 |
$ |
57,394 |
$ |
46,305 |
|||||
|
Cost
of revenue |
24,901 |
20,499 |
49,790 |
40,444 |
|||||||||
|
Gross
profit |
5,529 |
2,681 |
7,604 |
5,861 |
|||||||||
|
Operating
expenses: |
|||||||||||||
|
Selling,
general and administrative |
4,950 |
5,644 |
10,038 |
10,951 |
|||||||||
|
Research
and development |
4,069 |
5,714 |
9,128 |
11,760 |
|||||||||
|
Severance
charges |
177 |
- |
649 |
- |
|||||||||
|
Total
operating expenses |
9,196 |
11,358 |
19,815 |
22,711 |
|||||||||
|
Operating
loss |
(3,667 |
) |
(8,677 |
) |
(12,211 |
) |
(16,850 |
) | |||||
|
Other
(income) expenses: |
|||||||||||||
|
Interest
income |
(249 |
) |
(199 |
) |
(482 |
) |
(357 |
) | |||||
|
Interest
expense |
1,202 |
1,685 |
2,404 |
3,710 |
|||||||||
|
Gain
from debt extinguishment |
- |
(12,312 |
) |
- |
(12,312 |
) | |||||||
|
Equity
in net loss (income) of GELcore |
297 |
51 |
(75 |
) |
(216 |
) | |||||||
|
Total
other expenses (income) |
1,250 |
(10,775 |
) |
1,847 |
(9,175 |
) | |||||||
|
(Loss)
income from continuing operations |
(4,917 |
) |
2,098 |
(14,058 |
) |
(7,675 |
) | ||||||
|
Discontinued
operations: |
|||||||||||||
|
Loss
from discontinued operations |
- |
(348 |
) |
- |
(2,045 |
) | |||||||
|
Gain
on disposal of discontinued operations |
12,476 |
- |
12,476 |
19,584 |
|||||||||
|
Income
(loss) from discontinued operations |
12,476 |
(348 |
) |
12,476 |
17,539 |
||||||||
|
Net
income (loss) |
$ |
7,559 |
$ |
1,750 |
$ |
(1,582 |
) |
$ |
9,864 |
||||
|
Per
Share Data: |
|||||||||||||
|
Basic
per share data: |
|||||||||||||
|
(Loss)
income from continuing operations |
$ |
(0.10 |
) |
$ |
0.05 |
$ |
(0.30 |
) |
$ |
(0.19 |
) | ||
|
Income
(loss) from discontinued operations |
0.26 |
(0.01 |
) |
0.27 |
0.44 |
||||||||
|
Net
income (loss) |
$ |
0.16 |
$ |
0.04 |
$ |
(0.03 |
) |
$ |
0.25 |
||||
|
Diluted
per share data: |
|||||||||||||
|
(Loss)
income from continuing operations |
$ |
(0.10 |
) |
$ |
0.05 |
$ |
(0.30 |
) |
$ |
(0.19 |
) | ||
|
Income
(loss) from discontinued operations |
0.26 |
(0.01 |
) |
0.27 |
0.44 |
||||||||
|
Net
income (loss) |
$ |
0.16 |
$ |
0.04 |
$ |
(0.03 |
) |
$ |
0.25 |
||||
|
Weighted
average basic shares outstanding used in
per
basic share calculations |
47,265 |
41,904 |
47,128 |
39,872 |
|||||||||
|
Weighted
average diluted shares outstanding used in per diluted share
calculations |
47,265 |
43,725 |
47,128 |
39,872 |
|||||||||
|
|
As
of
March
31, 2005 |
As
of
September
30, 2004 |
|||||