Net sales are actually lower than a year ago when you consider proforma results:
Pro Forma Financial Information
Pro-forma results of operations as if NeoMedia was combined with Mobot, Sponge, Gavitec, 12Snap and BSD as of January 1, 2006 are as follows:
Three Months Ended June 30, 2006
Pro-forma
Adjust- Pro-forma
NeoMedia Mobot Sponge Gavitec 12Snap BSD ments Combined
Total net sales $ 6,606 $ 134 $ 420 $ 364 $ 2,225 $ 2,422 ($5,565 ) (A) $ 6,606
Net income (loss) $ 5,133 ($236 ) ($156 ) ($138 ) ($428 ) $ 231 $ 727 (A) $ 5,133
Net income (loss) per share
Basic $ 0.01 $ --- $ 0.01
Fully diluted $ 0.01 $ --- $ 0.01
Weighted average common
shares outstanding
Basic 632,402,254 --- 632,402,254
Diluted 799,536,925 --- 799,536,925
Six Months Ended June 30, 2006
Pro-forma
Adjust- Pro-forma
NeoMedia Mobot Sponge Gavitec 12Snap BSD ments Combined
Total net sales $ 8,658 $ 219 $ 1,224 $ 486 $ 6,231 $ 5,274 ($7,589 ) (B) $ 14,503
Net income (loss) $ 3,815 ($619 ) ($38 ) ($290 ) $ 115 $ 247 $ 420 (B) $ 3,650
Net income (loss) per share
Basic $ 0.01 $ --- (C) $ 0.01
Diluted $ 0.01 $ (0.01 ) (C) $ 0.00
Weighted average common
shares outstanding
Basic 580,485,463 71,521,146 (C) 652,006,609
Diluted 757,912,587 71,521,146 (C) 829,433,733
Pro-forma results of operations as if NeoMedia was combined with Mobot, Sponge, Gavitec, 12Snap and BSD as of January 1, 2005 are as follows:
Three Months Ended June 30, 2005
Pro-forma
(B) Adjust- Pro-forma
NeoMedia Mobot Sponge Gavitec 12Snap BSD ments Combined
Total net sales $ 538 $ 66 $ 451 $ 140 $ 2,050 $ 4,114 --- $ 7,359
Net income (loss) ($2,300 ) ($189 ) ($18 ) ($207 ) ($94 ) $ 261 ($724 ) (A) ($3,271 )
Net income (loss) per share-basic and diluted ($0.01 ) $ --- (B) ($0.01 )
Weighted average common shares outstanding 448,777,048 172,717,482 (B) 621,494,530
Six Months Ended June 30, 2005
Pro-forma
(B) Adjust- Pro-forma
NeoMedia Mobot Sponge Gavitec 12Snap BSD ments Combined
Total net sales $ 1,285 $ 165 $ 935 $ 392 $ 3,486 $ 4,114 --- $ 10,377
Net income (loss) ($3,519 ) ($382 ) $ 119 ($255 ) ($676 ) $ 261 ($1,447 ) ($5,899 )
Net income (loss) per share-basic and diluted ($0.01 ) $ --- (B) ($0.01 )
Weighted average common shares outstanding 443,301,430 172,717,482 (B) 616,018,912
(A) - Adjustment for amortization of intangible assets for the periods presented.
(B) - Adjustment for shares that would have been issued in connection with acquisitions if they had occurred on January 1, 2006. Using the stock price around January 1, 2006, the pro forma number of shares that would have been issued was:
Mobot Sponge Gavitec 12Snap BSD Total
Total stock consideration $ 6,500,000 $ 11,400,000 $ 5,400,000 $ 19,500,000 $ 2,279,263 $ 45,079,263
NeoMedia stock price around January 1, 2005 (measurement date) $ 0.261 $ 0.261 $ 0.261 $ 0.261 $ 0.261
Pro forma number of shares of
NeoMedia to be issued as purchase price consideration 24,904,215 43,678,161 20,689,655 74,712,644 8,732,808 172,717,482
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SS9173
