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Fiscal Year Ending December 31 |
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1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
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Sales |
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4530479 |
4570438 |
4779200 |
5477804 |
6876108 |
11551000 |
12330000 |
16312000 |
21611000 |
26130000 |
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Product Costs |
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2874062 |
2496028 |
2788108 |
2238658 |
2801091 |
5234000 |
5825000 |
8177000 |
10908000 |
12768000 |
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Gross Margin |
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1656417 |
2074410 |
1991092 |
3239146 |
4075017 |
6317000 |
6505000 |
8135000 |
10703000 |
13362000 |
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Gross Margin % of Sales |
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36.56% |
45.39% |
41.66% |
59.13% |
59.26% |
54.69% |
52.76% |
49.87% |
49.53% |
51.14% |
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Operating Costs and Expenses |
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Research and Development |
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1098766 |
1067399 |
1050411 |
999362 |
1237538 |
2775000 |
3746000 |
3516000 |
3449000 |
3658000 |
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Sales and Marketing |
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2232276 |
2666933 |
2719050 |
2009003 |
2378363 |
3774000 |
5136000 |
4889000 |
5189000 |
5929000 |
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General and Administrative |
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1630668 |
1647335 |
1613492 |
1192452 |
1278500 |
1628000 |
2117000 |
2118000 |
2867000 |
3068000 |
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Special Charges |
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2266000 |
1718000 |
486000 |
410000 |
397000 |
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Total |
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4961710 |
5381667 |
5382953 |
4200817 |
4894401 |
10443000 |
12717000 |
11009000 |
11915000 |
13052000 |
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Operating Income |
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-3305293 |
-3307257 |
-3391861 |
-961671 |
-819384 |
-4126000 |
-6212000 |
-2874000 |
-1212000 |
310000 |
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Other Income(Expense) |
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Interest Income |
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101203 |
26496 |
2544 |
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12005 |
378000 |
149000 |
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Other Income |
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Interest Expense |
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-111435 |
-50609 |
-165472 |
-105872 |
-37441 |
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-97000 |
-38000 |
28000 |
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Total |
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-10232 |
-24113 |
-162928 |
-105872 |
-25436 |
378000 |
149000 |
-97000 |
-38000 |
28000 |
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Net Income/(Loss) |
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-3315525 |
-3331370 |
-3554789 |
-1067543 |
-844820 |
-3748000 |
-6063000 |
-2971000 |
-1250000 |
338000 |
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Taxes |
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0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
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Preferred Stock Dividend |
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45465 |
221639 |
245548 |
47000 |
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112000 |
565000 |
50000 |
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Accretion of preferred stock |
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542500 |
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250000 |
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137000 |
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Net Income |
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-3315525 |
-3873870 |
-3600254 |
-1539182 |
-1090368 |
-3795000 |
-6063000 |
-3083000 |
-1952000 |
288000 |
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Net Income % of Sales |
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-73.18% |
-84.76% |
-75.33% |
-28.10% |
-15.86% |
-32.85% |
-49.17% |
-18.90% |
-9.03% |
1.10% |
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Weighted Average Shares Outstanding |
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2396000 |
3015000 |
5149000 |
7103395 |
9939198 |
20534000 |
23436000 |
23976000 |
26301000 |
30061000 |
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EPS incl Extraordinary Item |
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-1.38 |
-1.28 |
-0.70 |
-0.22 |
-0.11 |
-0.18 |
-0.26 |
-0.13 |
-0.07 |
0.01 |
