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und der Rest der Zahlen ? Zu schlecht, um sie ad-hoc zu nennen ? ON TRACK INNOVATIONS LTD. CONDENSED CONSOLIDATED BALANCE SHEETS US dollars in thousands June 30 December 31 2003 2002 (Unaudited) (Audited) ASSETS CURRENT ASSETS Cash and cash equivalents $926 $2,145 Short-term investments 1,673 1,664 Trade receivables (net of allowance for doubtful accounts of $274 and $244 as of June 30, 2003 and December 31, 2002, respectively) 2,174 1,982 Other receivables and prepaid expenses 1,086 838 Inventories 4,216 4,192 Total current assets 10,075 10,821 SEVERANCE PAY DEPOSITS 881 743 PROPERTY, PLANT AND EQUIPMENT, NET 6,087 6,559 OTHER INTANGIBLE ASSETS, NET 419 513 GOODWILL 5,383 5,383 Total assets $22,845 $24,019 LIABILITIES AND SHAREHOLDERS` EQUITY CURRENT LIABILITIES Short-term bank credit and current maturities of long-term bank loans $3,037 $2,520 Trade payables 2,566 2,176 Other current liabilities 1,572 2,175 Total current liabilities 7,175 6,871 LONG-TERM LIABILITIES Long-term bank loans, net of current maturities 3,465 4,006 Convertible notes 190 169 Deferred revenues - 716 Accrued severance pay 1,405 1,216 Total long-term liabilities 5,060 6,107 SHAREHOLDERS` EQUITY Ordinary share of NIS 0.1 par value: Authorized - 5,000,000 shares as of December 31, 2002 and June 30, 2003; Issued and Outstanding - 1,817,156 and 2,312,622 as of December 31, 2002 and June 30, 2003, respectively 63 52 Additional paid-in capital 49,296 48,147 Deferred stock compensation (894) (1,115) Accumulated other comprehensive income 262 201 Accumulated deficit (38,117) (36,244) Total shareholder`s equity 10,610 11,041 Total liabilities and shareholders` equity $22,845 $24,019 For the six For the three For the year months ended months ended ended June 30 June 30 December 31 2003 2002 2003 2002 2002 (Unaudited) (Unaudited) (Audited) REVENUES Products $8,794 $8,626 $4,710 $5,038 $15,492 Non-recurring engineering 195 305 21 - 952 Licensing and transaction fees 409 281 188 129 651 Customer service and technical support 341 444 91 326 868 Total revenues 9,739 9,656 5,010 5,493 17,963 COST OF REVENUES Products 4,194 5,066 2,051 2,957 8,740 Non-recurring engineering 64 50 5 - 216 Licensing and transaction fees - - - - - Customer service and technical support 176 259 44 192 546 Total cost of revenues 4,434 5,375 2,100 3,149 9,502 Gross profit 5,305 4,281 2,910 2,344 8,461 OPERATING EXPENSES Research and development 1,765 2,449 758 1,207 4,459 Less - participation by the Office of the Chief Scientist 364 498 120 292 1,103 Research and development, net 1,401 1,951 638 915 3,356 Selling and marketing 2,147 1,830 1,181 856 3,869 General and administrative 2,767 2,468 1,494 1,275 5,183 Amortization of intangible assets 94 67 47 47 161 Total operating expenses 6,409 6,316 3,360 3,093 12,569 Operating loss (1,104) (2,035) (450) (749) (4,108) Financial income (expenses), net (544) 212 (345) 72 41 Other expenses, net (225) (758) (4) (736) (1,955) Loss before taxes on income (1,873) (2,581) (799) (1,413) (6,022) Tax benefit (taxes on income) - (3) 75 19 (207) (1,873) (2,584) (724) (1,394) (6,229) Minority interest - (19) - - (19) Net loss $(1,873) $(2,603) $(724) $(1,394) $(6,248) Basic and diluted net loss per share $(1.00) $(1.64) $(0.38) $(0.88) $(3.76) Weighted average number of shares used in computing net loss per shares - basic and diluted 1,876,942 1,589,677 1,902,396 1,590,044 1,661,170 OTI Contact: Agency Contacts: Galit Mendelson Paul Holm and Matthew Karsh Director of Corporate Communication PortfolioPR 212-531-3247 212 736 9224 galit@otiglobal.com pholm@portfoliopr.com / mkarsh@portfoliopr.com SOURCE On Track Innovations, Ltd. Galit Mendelson, Director of Corporate Communication of On Track Innovations, Ltd., +1-212-531-3247, galit@otiglobal.com; or Paul Holm, pholm@portfoliopr.com, or Matthew Karsh, mkarsh@portfoliopr.com, both of PortfolioPR, +1-212-736-9224, for On Track Innovations, Ltd. http://www.otiglobal.com Copyright (C) 2003 PR Newswire. All rights reserved |
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| aus der Diskussion: | 25.08.03 DGAP-Ad hoc: On Track Innovations Ltd. <IL0010834682> deutsch |
| Autor (Datum des Eintrages): | EcCo65HH (25.08.03 14:06:30) |
| Beitrag: | 3 von 13 (ID:10547160) |
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