Relations, ECI Telecom definition

Relations, ECI Telecom. Israel: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ +(▇▇▇)-▇-▇▇▇-▇▇▇▇ email: ▇▇▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ ▇▇▇ ▇▇▇▇▇: +(▇▇▇)-▇-▇▇▇-▇▇▇▇ email: ▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ TABLE - 1 ECI TELECOM LTD. AND SUBSIDIARIES GAAP REPORTED CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share figures) THREE MONTHS THREE MONTHS ENDED ENDED MARCH 31, DECEMBER 31, -------------------------------- -------------- 2003 2002 2002 ------------- ------------- -------------- Revenues $118,671 $175,409 $149,203 Cost of revenues 69,242 108,315 79,850 Royalties to the government of Israel 775 3,124 2,334 ------------- ------------- -------------- Gross profit 48,654 63,970 67,019 Research and development costs, net 19,472 24,731 23,582 Selling and marketing expenses 21,793 28,734 29,739 General and administrative expenses 12,179 14,696 14,625 Amortization of acquisition-related intangible assets 792 440 440 Impairment of assets - - 1,525 ------------- ------------- -------------- Operating loss (5,582) (4,631) (2,892) Financial income (expenses), net (441) 942 1,010 Other income (expenses), net (234) 10,481 (692) ------------- ------------- -------------- Income (loss) from continued operations before taxes on income (6,257) 6,792 (2,574) Taxes on income (597) (4,556) (153) ------------- ------------- -------------- Income (loss) from continued operations after taxes on income (6,854) 2,236 (2,727) Company's equity in results of investee companies - net (1,061) (800) (1,129) Minority interest in results of subsidiaries - net 2,229 (1,518) (841) ------------- ------------- -------------- Loss from continued operations (5,686) (82) (4,697) Loss on discontinued operations, including impairment of related goodwill, net of tax (2,120) (51,438) (2,318) Cumulative effect of an accounting change, net - (550) - ------------- ------------- -------------- Net Loss (7,806) (52,070) (7,015) ============= ============= ============== BASIC AND DILUTED LOSS PER SHARE Continuing operations $(0.05) $(0.00) $(0.04) Discontinued operations $(0.02) $(0.51) $(0.02) Cumulative effect of an accounting change - $(0.01) - ------------- ------------- -------------- $(0.07) $(0.52) $(0.06) ============= ============= ============== Weighted average number of shares outstanding used to compute basic earnings per share - in thousands 107,585 100,430 107,372 ============= ============= ==============
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Relations, ECI Telecom. Israel: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ +(▇▇▇)-▇-▇▇▇-▇▇▇▇ email: ▇▇▇▇▇▇.▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ ▇▇▇ ▇▇▇▇▇: +(▇▇▇)-▇-▇▇▇-▇▇▇▇ email: ▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇
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