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Previous: WAVERIDER COMMUNICATIONS INC, 8-K/A, EX-99.1, 2000-12-27 |
Next: WAVERIDER COMMUNICATIONS INC, 8-K/A, EX-99.3, 2000-12-27 |
EXHIBIT 99.2
WaveRider Communications Inc.
PROFORMA CONDENSED CONSOLIDATED STATEMENTS OF LOSS
NINE MONTHS ENDED SEPTEMBER 30, 2000
(Unaudited - in U.S. dollars)
<TABLE>
<CAPTION>
WaveRider ADE Network Proforma
Communications Technology Proforma Consolidated
Consolidated Pty Ltd Adjustments Sept 30, 2000
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[Note 1 & 2a]
<S> <C> <C> <C> <C>
REVENUE
Product sales $ 2,569,179 $ 3,143,647 $ - $ 5,712,826
Internet sales 159,447 - - 159,447
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2,728,626 3,143,647 - 5,872,273
COST OF PRODUCT AND INTERNET SALES 2,377,400 1,865,606 - 4,243,006
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GROSS MARGIN 351,226 1,278,041 - 1,629,267
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EXPENSES
Sales, general and administration 16,054,564 1,445,239 - 17,499,803
Research and development 8,130,247 - - 8,130,247
Amortization of goodwill
& other intangibles (Notes 2b & 2c) - - 643,704 643,704
Interest (458,610) - - (458,610)
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23,726,201 1,445,239 643,704 25,815,144
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NET INCOME (LOSS) BEFORE TAXES (23,374,975) (167,198) (643,704) (24,185,877)
Deferred tax recovery - - (44,686) (44,686)
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NET LOSS $ (23,374,975) $ (167,198) $ (599,018) $ (24,141,191)
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BASIC AND FULLY DILUTED LOSS PER SHARE $ (0.44) $ (0.46)
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Weighted Average Number of Common Shares 52,566,521 52,566,521
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</TABLE>
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