VIALTA, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
(in thousands, except per share)
Three months ended
March 31,
---------------------
2003 2002
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Revenues, net $3,843 $-
Cost of goods sold 863 -
---------- ----------
Gross profit 2,980 -
Operating expenses:
Engineering and development 968 4,223
Amortization of content licenses - 253
Sales and marketing 442 614
General and administrative 1,730 1,812
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Total operating expenses 3,140 6,902
---------- ----------
Operating loss (160) (6,902)
Other income :
Interest income, net 188 363
---------- ----------
Net income (loss) $28 $(6,539)
========== ==========
Net income (loss) per share:
Basic $- $(0.08)
========== ==========
Diluted $- $(0.08)
========== ==========
Weighted average common shares:
Basic 82,238 85,240
========== ==========
Diluted 84,153 85,240
========== ==========
VIALTA, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited)
(in thousands)
March 31, 2003 December 31, 2002
----------------- -----------------
Assets
Current assets:
Cash and cash equivalents $28,137 $21,863
Short-term investments 51 10,838
Accounts receivable, net 426 1,362
Inventory 2,945 2,834
Prepaid expenses and other
current assets 942 1,253
----------------- -----------------
Total current assets 32,501 38,150
Property and equipment, net 1,571 2,132
Long term investments 2,084 -
Other assets 24 45
----------------- -----------------
Total assets $36,180 $40,327
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Liabilities and Stockholders'
Equity
Current liabilities:
Accounts payable $771 $1,164
Accrued expenses and other
current liabilities 2,194 3,555
Deferred profit 1,108 3,230
----------------- -----------------
Total current liabilities 4,073 7,949
----------------- -----------------
Stockholders' equity:
Common stock, $0.001 par value 94 94
Additional paid-in capital 144,105 144,105
Treasury stock (9,458) (9,163)
Accumulated deficit (102,638) (102,666)
Accumulated other comprehensive
income 4 8
----------------- -----------------
Total stockholders' equity 32,107 32,378
----------------- -----------------
Total liabilities and
stockholders' equity $36,180 $40,327
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