UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-Q
(Mark One)
ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended JUNE 30, 2002
or
o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period to ..
Commission file number 000-31253
PHARSIGHT CORPORATION
(Exact name of Registrant as specified in its charter)
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DELAWARE |
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77-0401273 |
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(State or other jurisdiction of |
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(I.R.S. Employer |
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incorporation or organization) |
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Identification Number) |
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800 WEST EL CAMINO REAL, MOUNTAIN VIEW, CA 94040 |
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(Address of principal executive offices, including zip code) |
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(650) 314-3800 |
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(Registrant’s telephone number, including area code) |
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Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
YES ý NO o
As of July 31, 2002, there were 18,824,720 outstanding shares of the Registrant’s common stock, $0.001 par value.
PHARSIGHT CORPORATION
INDEX
2
PHARSIGHT CORPORATION
(In thousands, except par value amounts)
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June 30, 2002 |
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March 31, 2002 |
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(unaudited) |
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(1) |
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Assets |
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Current assets: |
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Cash and cash equivalents |
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$ |
11,400 |
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$ |
10,498 |
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Short-term investments |
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1,500 |
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2,994 |
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Accounts receivable, net |
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3,027 |
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2,629 |
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Recognized income not yet billed |
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191 |
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160 |
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Prepaids and other current assets |
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648 |
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616 |
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Total current assets |
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16,766 |
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16,897 |
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Property and equipment, net |
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2,364 |
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2,708 |
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Other assets |
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329 |
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349 |
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Total assets |
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$ |
19,459 |
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$ |
19,954 |
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Liabilities, redeemable convertible preferred stock, and stockholders’ equity |
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Current liabilities: |
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Accounts payable |
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$ |
757 |
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$ |
664 |
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Accrued expenses |
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1,823 |
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1,854 |
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Accrued compensation |
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1,178 |
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1,830 |
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Deferred revenue |
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3,642 |
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3,412 |
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Current portion of notes payable |
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1,875 |
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1,656 |
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Current obligations under capital leases |
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632 |
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660 |
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Total current liabilities |
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9,907 |
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10,076 |
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Obligations under capital leases |
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219 |
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350 |
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Notes payable |
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2,625 |
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2,844 |
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Redeemable convertible preferred stock, $0.001 par value: |
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Authorized shares—3,200 (2,000 designated as Series A and 1,200 designated as Series B) at June 30, and none at March 31, 2002; |
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Issued and outstanding shares—762 (all designated as Series A) at June 30, and none at March 31, 2002 |
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2,001 |
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— |
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Commitments and contingencies |
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Stockholders’ equity: |
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Preferred stock, $0.001 par value Authorized shares—1,800 at June 30, and 5,000 at March 31, 2002; Issued and outstanding shares—none at June 30, and March 31, 2002 |
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— |
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— |
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Common stock, $0.001 par value Authorized shares—120,000 at June 30, and March 31, 2002; Issued and outstanding shares—18,770 at June 30, and 18,759 at March 31, 2002 |
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19 |
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19 |
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Additional paid-in capital |
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75,727 |
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74,754 |
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Deferred stock compensation |
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(1,301 |
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(1,813 |
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Accumulated other comprehensive income (loss) |
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3 |
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(1 |
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Notes receivable from stockholders |
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(97 |
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(96 |
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Accumulated deficit |
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(69,644 |
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(66,179 |
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