From 1999 - 2001 Sono traded between 4 and 30 dollars per share. This is the only company that HSXI has ever named as a comparable. the revenues for these years are probably similar to what HSXI is starting out as - in 1999 - I would equate that to 2007 for HSXI. Probably around 10m in revenue (again we are guessing). But they will be close to making money is my guess - maybe I'm wrong here, but they have said they would be cash flow positive in near future. We can all admit, these were not great years from a stock market perspective - i.e. we are not in great markets right now. Difference between HSXI and SONO. SONO was releasing financials....
For the Years Ended December 31,
-----------------------------------------------
2001 2000 1999 1998 1997
-------- -------- -------- -------- -------
(in thousands, except per share data)
Statement of Operations Data
Sales revenues............................................ $ 45,695 $ 32,037 $ 10,185 $ -- $ --
Cost of sales revenue..................................... 21,861 18,649 6,498 -- --
-------- -------- -------- -------- -------
Gross margin on sales revenue............................. 23,834 13,388 3,687 -- --
Grant revenue............................................. -- -- 125 973 2,948
Operating expenses:
Research and development................................. 12,715 11,835 14,533 9,474 7,064
Sales and marketing...................................... 22,312 17,371 9,767 3,120 1,268
General and administrative............................... 5,198 4,647 2,637 1,904 610
-------- -------- -------- -------- -------
Total operating expenses.................................. 40,225 33,853 26,937 14,498 8,942
Other income (loss):
Interest income.......................................... 1,123 2,478 1,600 541 --
Interest expense......................................... (175) (155) (117) (41) --
Equity in (losses) earnings of affiliates................ (675) (830) 30 -- --
Other loss............................................... (291) -- -- -- --
-------- -------- -------- -------- -------
Total other income (loss)................................. (18) 1,493 1,513 500 --
-------- -------- -------- -------- -------
Net loss.................................................. $(16,409) $(18,972) $(21,612) $(13,025) $(5,994)
======== ======== ======== ======== =======
Basic and diluted net loss per share (1).................. $ (1.59) $ (2.01) $ (3.08) $ (2.72) $ (1.28)
Weighted average common and potential common shares
used in computing basic and diluted net loss per share (1) 10,300 9,418 7,025 4,796 4,684
