|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: CENTURA SOFTWARE CORP, S-8, EX-23.2, 2000-07-21 |
Next: MATHSOFT INC, 8-K, EX-99.1, 2000-07-21 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report:
July 20, 2000
MathSoft, Inc.
--------------
(Exact name of Registrant as specified in its charter)
Massachusetts 0-020992 04-2842217
------------- -------- ----------
(State or jurisdiction (Commission File number) (IRS Employer
of Incorporation) Identification No.)
101 Main Street Cambridge, Massachusetts 02142
---------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (617) 577-1017
No change since last report
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
------------------------
On July 20, 2000, the Company issued a press release, a copy of which is
attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 7. Financial Statements and Exhibits.
-----------------------------------------------
Exhibit No. Exhibit
------------ -------
99.1 Press release of the Company dated July 20, 2000
<PAGE>
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 hereunto duly authorized.
MATHSOFT, INC.
July 20, 2000 By: /s/ Dermot P. O'Grady
--------------------------
Dermot P. O'Grady
Chief Financial Officer
<PAGE>
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 hereunto duly authorized.
MATHSOFT, INC.
July 20, 2000 By: /s/ Dermot P. O'Grady
--------------------------
Dermot P. O'Grady
Chief Financial Officer
<PAGE>
<TABLE>
<CAPTION>
MATHSOFT, INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS
(IN THOUSANDS)
(UNAUDITED)
ASSETS
JUNE 30, DEC 31,
2000 1999
--------- ---------
<S> <C> <C>
CURRENT ASSETS:
Cash, cash equivalents and short-term investments $ 5,463 $ 8,444
Accounts receivables, net 6,210 4,743
Other receivables 1,373 1,421
Inventories 189 263
Prepaid expenses 688 382
--------- ---------
Total current assets 13,923 15,253
--------- ---------
PROPERTY AND EQUIPMENT, NET 2,024 1,314
--------- ---------
OTHER ASSETS 380 426
--------- ---------
TOTAL ASSETS $ 16,327 $ 16,993
========= =========
LIABILITIES AND STOCKHOLDERS' EQUITY
JUNE 30, DEC 31,
2000 1999
--------- ---------
CURRENT LIABILITIES $ 10,517 $ 8,211
OTHER LONG-TERM LIABILITIES 139 148
STOCKHOLDERS' EQUITY 5,671 8,634
--------- ---------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 16,327 $ 16,993
========= =========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
MATHSOFT, INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
(IN THOUSANDS, EXCEPT PER SHARE DATA)
(UNAUDITED)
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30, JUNE 30, JUNE 30,
2000 1999 2000 1999
---------- --------- ---------- ---------
<S> <C> <C> <C> <C>
REVENUES:
Software licenses $ 5,267 $ 5,111 $ 11,224 $ 10,388
Services and other 2,587 1,418 4,451 2,680
---------- --------- ---------- ---------
Total Revenues 7,854 6,529 15,675 13,068
---------- --------- ---------- ---------
COST OF REVENUES:
Software licenses 916 839 1,952 1,644
Services and other 2,097 430 3,424 820
---------- --------- ---------- ---------
Total cost of revenues 3,013 1,269 5,376 2,464
---------- --------- ---------- ---------
Gross Profit 4,841 5,260 10,299 10,604
---------- --------- ---------- ---------
OPERATING EXPENSES:
Sales and marketing 4,483 2,938 8,936 5,753
Research and development 1,790 1,177 3,420 2,365
General and administrative 1,085 768 2,119 1,504
---------- --------- ---------- ---------
Total operating expenses 7,358 4,883 14,475 9,622
---------- --------- ---------- ---------
(Loss) Income from Operations (2,517) 377 (4,176) 982
INTEREST INCOME , NET 54 34 112 76
---------- --------- ---------- ---------
(Loss) Income Before Provisions for Income Taxes (2,463) 411 (4,064) 1,058
PROVISION FOR INCOME TAXES 30 22 45 32
---------- --------- ---------- ---------
Net (loss) Income $ (2,493) $ 389 $ (4,109) $ 1,026
========== ========= ========== =========
BASIC (LOSS) EARNINGS PER SHARE: $ (0.24) $ 0.04 $ (0.40) $ 0.11
========== ========= ========== =========
DILUTED (LOSS) EARNINGS PER SHARE: $ (0.24) $ 0.04 $ (0.40) $ 0.10
========== ========= ========== =========
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING 10,232 9,766 10,232 9,727
========== ========= ========== =========
WEIGHTED AVERAGE COMMON SHARES ASSUMING DILUTION 10,232 10,495 10,232 10,682
========== ========= ========== =========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
MATHSOFT, INC. AND SUBSIDIARIES
(IN THOUSANDS, EXCEPT PER SHARE DATA)
(UNAUDITED)
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30, JUNE 30, JUNE 30,
2000 1999 2000 1999
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
SEGMENT INFORMATION:
Net Revenues:
Engineering and Education Products Division $ 3,933 $ 3,639 $ 8,182 $ 7,343
Data Analysis Products Division 3,659 2,890 7,196 5,725
---------- ---------- ---------- ----------
Sub total 7,592 6,529 15,378 13,068
FreeScholarships.com 262 - 297 -
---------- ---------- ---------- ----------
Total 7,854 6,529 15,675 13,068
========== ========== ========== ==========
Cost of Revenues:
Engineering and Education Products Division 575 504 1,218 999
Data Analysis Products Division 1,071 765 2,024 1,465
---------- ---------- ---------- ----------
Sub total 1,646 1,269 3,242 2,464
FreeScholarships.com 1,367 0 2,134 0
---------- ---------- ---------- ----------
Total $ 3,013 $ 1,269 $ 5,376 $ 2,464
========== ========== ========== ==========
Total Operating Expenses:
Engineering and Education Products Division 3,278 2,923 6,625 6,002
Data Analysis Products Division 2,017 1,760 3,957 3,420
---------- ---------- ---------- ----------
Sub total 5,295 4,683 10,582 9,422
FreeScholarships.com 2,063 200 3,893 200
---------- ---------- ---------- ----------
Total $ 7,358 $ 4,883 $ 14,475 $ 9,622
========== ========== ========== ==========
(Loss) Income from Operations (2,517) 377 (4,176) 982
INTEREST INCOME , NET 54 34 112 76
---------- ---------- ---------- ----------
(Loss) Income Before Provisions for Income Taxes (2,463) 411 (4,064) 1,058
PROVISION FOR INCOME TAXES 30 22 45 32
---------- ---------- ---------- ----------
Net (Loss) Income:
Engineering and Education Products Division 106 229 411 398
Data Analysis Products Division 562 360 1,196 828
---------- ---------- ---------- ----------
Sub total 668 589 1,607 1,226
FreeScholarships.com (3,161) (200) (5,716) (200)
---------- ---------- ---------- ----------
Total $ (2,493) $ 389 $ (4,109) $ 1,026
========== ========== ========== ==========
</TABLE>
<PAGE>
|
|