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VERDANT BRANDS, INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENT OF OPERATIONS
(UNAUDITED)
(IN THOUSANDS EXCEPT PER SHARE AMOUNTS)
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<CAPTION>
Three Months Ended Nine Months Ended
September 30, September 30,
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
NET SALES $ 10,266 $ 13,837 $ 51,785 $ 63,428
COST OF SALES 9,998 10,469 42,457 43,839
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Gross Profit 268 3,368 9,328 19,589
OPERATING EXPENSES:
Distribution 1,308 1,140 5,025 4,731
Sales & Marketing 2,327 2,102 7,441 6,904
General & Administration 1,451 1,090 8,382 3,906
Product Registrations & Development 690 516 2,118 1,701
Restructuring Expenses 0 0 1,705 0
Amortization of Intangibles 11 324 350 691
Impairment of Intangibles 0 0 8,719 0
Sales of Assets 2,329 0 2,329 0
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8,116 5,172 36,069 17,933
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INCOME (LOSS) BEFORE
OTHER EXPENSE (7,848) (1,804) (26,741) 1,656
OTHER EXPENSE, NET (1,192) (654) (2,870) (1,611)
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INCOME (LOSS) BEFORE
INCOME TAX EXPENSE (9,040) (2,458) (29,611) 45
INCOME TAX EXPENSE -- -- -- --
NET INCOME (LOSS) $ (9,040) $ (2,458) $(29,611) $ 45
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Income (Loss) per Share-basic
and diluted $ (1.77) $ (0.48) $ (5.79) $ 0.01
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Shares used to calculate basic
income (loss) per share 5,113 5,167 5,113 5,167
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Shares used to calculate diluted
income (loss) per share 5,113 5,167 5,113 5,167
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