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Years Ended December 31, |
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|
1997 |
|
1998 |
|
1999 |
|
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|
|
|
|
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|
Revenue |
|
$ |
45,457 |
|
|
$ |
82,807 |
|
|
$ |
147,060 |
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| |
|
|
|
|
|
|
Costs and expenses: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Cost of revenue |
|
|
61,439 |
|
|
|
85,352 |
|
|
|
133,922 |
|
|
|
|
|
|
|
Development |
|
|
4,850 |
|
|
|
7,734 |
|
|
|
10,907 |
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|
|
|
|
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|
Marketing and sales, including $2,600, $1,085 and $750 to a
related party for the years ended December 31, 1997, 1998
and 1999, respectively |
|
|
24,622 |
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|
39,793 |
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|
54,288 |
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|
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|
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General and administrative |
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|
4,790 |
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|
|
10,398 |
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|
15,441 |
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|
|
|
|
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|
Amortization of goodwill and other intangible assets |
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|
— |
|
|
|
3,842 |
|
|
|
7,913 |
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|
|
|
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Acquisition-related charges |
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|
— |
|
|
|
1,291 |
|
|
|
— |
|
|
|
|
|
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|
Write-off of in-process technology |
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|
— |
|
|
|
5,200 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Total costs and expenses |
|
|
95,701 |
|
|
|
153,610 |
|
|
|
222,471 |
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|
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|
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|
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Loss from operations |
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|
(50,244 |
) |
|
|
(70,803 |
) |
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|
(75,411 |
) |
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|
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|
Other income (expense) |
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|
1,233 |
|
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|
(750 |
) |
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|
(663 |
) |
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Interest income |
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|
1,217 |
|
|
|
9,975 |
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|
|
13,558 |
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|
|
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|
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|
Interest expense, including $6,197 and $1,272 to related parties
for the years ended December 31, 1997 and 1998, respectively |
|
|
(7,788 |
) |
|
|
(23,570 |
) |
|
|
(22,569 |
) |
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|
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|
|
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|
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|
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Loss before extraordinary item |
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|
(55,582 |
) |
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|
(85,148 |
) |
|
|
(85,085 |
) |
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|
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Extraordinary gain on early retirement of debt |
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|
— |
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|
3,042 |
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— |
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Net loss |
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|
(55,582 |
) |
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|
(82,106 |
) |
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|
(85,085 |
) |
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|
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Preferred stock dividends and accretion |
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|
— |
|
|
|
(11,958 |
) |
|
|
(26,697 |
) |
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|
|
|
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|
Net loss attributable to common stockholders |
|
$ |
(55,582 |
) |
|
$ |
(94,064 |
) |
|
$ |
(111,782 |
) |
|
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|
|
|
|
|
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|
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Net loss per share (pro-forma 1997, historical 1998 and 1999) |
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|
|
|
|
|
|
|
|
|
|
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|
|
|
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Loss before extraordinary item |
|
$ |
(2.82 |
) |
|
$ |
(2.93 |
) |
|
$ |
(2.10 |
) |
|
|
|
|
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|
Extraordinary gain |
|
|
— |
|
|
|
.11 |
|
|
|
— |
|
|
|
|
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|
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|
|
|
|
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|
Net loss |
|
|
(2.82 |
) |
|
|
(2.82 |
) |
|
|
(2.10 |
) |
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|
Preferred stock dividends and accretion |
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|
— |
|
|
|
(.41 |
) |
|
|
(.66 |
) |
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Net loss per share attributable to common stockholders |
|
$ |
(2.82 |
) |
|
$ |
(3.23 |
) |
|
$ |
(2.76 |
) |
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|
Shares used in computing net loss and net loss attributable to
common stockholders per share (pro-forma 1997, historical 1998
and 1999) |
|
|
19,744 |
|
|
|
29,094 |
|
|
|
40,473 |
|
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|
