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Previous: PROVIDENT BANK HOME EQUITY LOAN TRUST 1997-A, 8-K, 1999-02-23 |
Next: GETTY IMAGES INC, 4, 1999-02-23 |
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
-----------------
FORM 10-Q/A
/X/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED OCTOBER 31, 1998
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
COMMISSION FILE NUMBER 0-23475
INFORMATION ADVANTAGE, INC.
(Exact Name of Registrant as Specified in Its Charter)
DELAWARE 41-1718445
(State or Other Jurisdiction (I.R.S. Employer
of Incorporation or Organization) Identification No.)
7905 GOLDEN TRIANGLE DRIVE, SUITE 190
EDEN PRAIRIE, MINNESOTA 55344-7227
(Address of Principal Executive Offices, including Zip Code)
(612) 833-3700
(Registrant's Telephone Number, including Area Code)
Check 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 /X/ No / /
As of November 30, 1998 there were outstanding 24,840,156 shares of Common
Stock, $ 0.01 par value.
<PAGE>
TABLE OF CONTENTS
<TABLE>
<CAPTION>
Page
----
<S> <C>
PART II 1
ITEM 6 EXHIBITS AND REPORTS ON FORM 8-K 1
SIGNATURES 1
EXHIBIT INDEX 2
</TABLE>
i
<PAGE>
PART II
ITEM 6 EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibit 27.1 - Financial Data Schedule
Exhibit 27.2 - Financial Data Schedule
(b) Reports on Form 8-K
(1) The Company's Current Report on Form 8-K filed on September
25, 1998, relating to the Company's merger with IQ Software
Corporation, a Georgia corporation.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized on February 22, 1999.
INFORMATION ADVANTAGE, INC.
By: /s/ Larry J. Ford
--------------------------------
Larry J. Ford
President and Chief
Executive Officer
By: /s/ Kurt L. Betcher
--------------------------------
Kurt L. Betcher
Vice President and
Chief Financial Officer
1
<PAGE>
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit
Number Description
- ------- -------------------------
<S> <C>
27.1 Financial Data Schedule
27.2 Financial Data Schedule
</TABLE>
2
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF OPERATIONS FOUND
WITHIN THE FORMS 10Q AND 10-K OF IA AND IQ AS OF AND FOR THE PERIODS INDICATED
BELOW, AS RESTATED TO REFLECT THE SEPTEMBER 1998 POOLING OF IA AND IQ AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C> <C> <C> <C>
<PERIOD-TYPE> YEAR 3-MOS 6-MOS 9-MOS
<FISCAL-YEAR-END> JAN-31-1997 JAN-31-1998 JAN-31-1998 JAN-31-1998
<PERIOD-START> NOV-01-1996 FEB-01-1997 FEB-01-1997 FEB-01-1997
<PERIOD-END> JAN-31-1997 APR-30-1997 JUL-31-1997 OCT-31-1997
<CASH> 5,132 10,558 9,579 7,968
<SECURITIES> 4,945 5,010 5,449 8,596
<RECEIVABLES> 12,045 11,687 13,121 14,363
<ALLOWANCES> (755) (742) (789) (817)
<INVENTORY> 0 0 0 0
<CURRENT-ASSETS> 24,869 30,035 29,493 32,392
<PP&E> 8,263 8,677 8,994 10,187
<DEPRECIATION> (5,340) (5,700) (6,099) (6,503)
<TOTAL-ASSETS> 31,213 36,531 35,935 39,913
<CURRENT-LIABILITIES> 9,692 10,182 11,164 14,609
<BONDS> 0 0 0 0
0 0 0 0
17,410 24,410 24,410 24,410
<COMMON> 102 102 102 108
<OTHER-SE> 2,412 369 (1,085) (646)
<TOTAL-LIABILITY-AND-EQUITY> 31,213 36,531 35,935 39,913
<SALES> 0 0 0 0
<TOTAL-REVENUES> 36,425 10,325 22,231 35,485
<CGS> 0 0 0 0
<TOTAL-COSTS> 8,170 2,726 5,952 9,328
<OTHER-EXPENSES> 34,295 9,793 20,139 31,159
<LOSS-PROVISION> 0 0 0 0
<INTEREST-EXPENSE> (244) (23) (81) (140)
<INCOME-PRETAX> (5,642) (2,092) (3,607) (4,661)
<INCOME-TAX> 669 45 145 258
<INCOME-CONTINUING> (6,311) (2,137) (3,752) (4,919)
<DISCONTINUED> 0 0 0 0
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> (6,311) (2,137) (3,752) (4,919)
<EPS-PRIMARY> (0.63) (0.21) (0.37) (0.48)
<EPS-DILUTED> (0.63) (0.21) (0.37) (0.48)
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF OPERATIONS FOUND
WITHIN THE FORMS 10Q AND 10-K OF IA AND IQ AS OF AND FOR THE PERIODS INDICATED
BELOW, AS RESTATED TO REFLECT THE SEPTEMBER 1998 POOLING OF IA AND IQ AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C> <C> <C> <C>
<PERIOD-TYPE> YEAR 3-MOS 6-MOS 9-MOS
<FISCAL-YEAR-END> JAN-31-1998 JAN-31-1999 JAN-31-1999 JAN-31-1999
<PERIOD-START> FEB-01-1997 FEB-01-1998 FEB-01-1998 FEB-01-1998
<PERIOD-END> JAN-31-1998 APR-30-1998 JUL-31-1998 OCT-31-1998
<CASH> 27,765 15,091 17,480 17,958
<SECURITIES> 9,177 19,635 18,931 16,351
<RECEIVABLES> 14,206 16,499 16,748 20,318
<ALLOWANCES> (1,030) (1,047) (1,078) (879)
<INVENTORY> 0 0 0 0
<CURRENT-ASSETS> 51,690 51,888 54,486 61,099
<PP&E> 10,600 11,030 11,443 11,963
<DEPRECIATION> (6,744) (7,228) (7,743) (8,200)
<TOTAL-ASSETS> 59,246 59,252 61,397 68,123
<CURRENT-LIABILITIES> 14,434 13,564 14,182 18,600
<BONDS> 0 0 0 0
0 0 0 0
0 0 0 0
<COMMON> 247 247 248 248
<OTHER-SE> 43,822 44,763 46,287 49,147
<TOTAL-LIABILITY-AND-EQUITY> 59,246 59,252 61,397 68,123
<SALES> 0 0 0 0
<TOTAL-REVENUES> 50,293 15,271 32,091 50,582
<CGS> 0 0 0 0
<TOTAL-COSTS> 12,677 3,657 7,260 10,994
<OTHER-EXPENSES> 42,162 10,861 22,871 42,849
<LOSS-PROVISION> 0 0 0 242
<INTEREST-EXPENSE> (210) (12) (20) (28)
<INCOME-PRETAX> (4,039) 1,153 2,758 (2,094)
<INCOME-TAX> 506 325 717 (6,860)
<INCOME-CONTINUING> (4,545) 828 2,041 4,766
<DISCONTINUED> 0 0 0 0
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> (4,545) 828 2,041 4,766
<EPS-PRIMARY> (0.38) 0.03 0.08 0.19
<EPS-DILUTED> (0.38) 0.03 0.08 0.18
</TABLE>
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