CONCENTRIC NETWORK CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Unaudited
(In thousands, except per share amounts)
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Three Months Ended |
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March 31, |
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2000 |
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1999 |
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Revenue |
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$ |
56,956 |
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$ |
30,066 |
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Costs and expenses: |
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Cost of revenue |
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51,294 |
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28,263 |
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Development |
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3,449 |
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2,645 |
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Marketing and sales |
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21,793 |
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11,173 |
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General and administrative |
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7,170 |
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3,321 |
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Amortization of goodwill and other intangible assets |
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14,294 |
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1,391 |
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Total costs and expenses |
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98,000 |
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46,793 |
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Loss from operations |
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(41,044 |
) |
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(16,727 |
) |
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Other income |
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61,772 |
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17 |
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Net interest expense |
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(3,202 |
) |
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(3,237 |
) |
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Net income (loss) |
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17,526 |
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(19,947 |
) |
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Preferred stock dividends and accretion |
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(8,006 |
) |
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(5,553 |
) |
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Net income (loss) attributable to common stockholders |
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$ |
9,520 |
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$ |
(25,500 |
) |
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Net income (loss) per share: |
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Net income (loss) |
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$ |
0.35 |
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$ |
(0.59 |
) |
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Preferred stock dividends and accretion |
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(0.16 |
) |
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(0.16 |
) |
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Net income (loss) attributable to common stockholders |
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$ |
0.19 |
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$ |
(0.75 |
) |
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Shares used in computing net income (loss) per share
attributable to common stockholders |
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49,600 |
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34,182 |
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See accompanying notes.
