|
Press Releases
FINANCIAL RESULTS
BIG DOG HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited) |
|
| ASSETS |
| CURRENT ASSETS: |
| |
Cash and cash equivalents |
$789,000 |
$740,000 |
| |
Receivables, net |
2,187,000 |
1,061,000 |
| |
Inventories |
74,018,000 |
57,249,000 |
| |
Prepaid expenses and other current assets |
1,817,000 |
2,153,000 |
| |
Deferred income taxes |
6,363,000 |
3,503,000 |
| |
Total current assets |
85,174,000 |
64,706,000 |
| PROPERTY AND EQUIPMENT, Net |
25,927,000 |
15,118,000 |
| INTANGIBLE ASSETS, Net |
4,016,000 |
4,387,000 |
| GOODWILL |
3,131,000 |
3,131,000 |
| DEFERRED INCOME TAXES |
1,740,000 |
1,835,000 |
| OTHER ASSETS |
462,000 |
358,000 |
| |
TOTAL |
$120,450,000 |
$89,535,000 |
|
| LIABILITIES AND STOCKHOLDERS' EQUITY |
| CURRENT LIABILITIES: |
| |
Short-term borrowings
Current portion of long-term debt
Accounts payable |
$ 38,774,000
2,353,000
18,004,000 |
$17,417,000
1,882,000
15,222,000 |
| |
Accrued expenses and other current liabilities |
5,758,000 |
4,926,000 |
| |
Total current liabilities |
64,889,000 |
39,447,000 |
NOTES PAYABLE
CAPITAL LEASE OBLIGATIONS |
2,621,000
2,243,000 |
4,360,000
12,000 |
DEFERRED RENT AND LEASE INCENTIVES
DEFERRED GAIN ON SALE-LEASEBACK |
4,850,000
129,000 |
1,533,000
182,000 |
| |
Total liabilities |
74,732,000 |
45,534,000 |
| STOCKHOLDERS' EQUITY |
45,718,000 |
44,001,000 |
| |
TOTAL |
$120,450,000 |
$89,535,000 |
|
BIG DOG HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited) |
| |
Three Months Ended
March 31 |
| |
2007 |
2006 |
|
| NET SALES |
$44,224,000 |
$38,671,000 |
| COST OF GOODS SOLD |
20,924,000 |
18,574,000 |
| GROSS PROFIT |
23,300,000 |
20,097,000 |
| OPERATING EXPENSES: |
|
|
| |
Selling, marketing and distribution |
25,340,000 |
21,540,000 |
| |
General and administrative
Depreciation and amortization |
2,055,000
1,815,000 |
2,020,000
1,326,000 |
| |
Total operating expenses |
29,210,000 |
24,886,000 |
| LOSS FROM OPERATIONS |
(5,910,000) |
(4,789,000) |
| INTEREST INCOME |
3,000 |
2,000 |
| INTEREST EXPENSE |
(706,000) |
(269,000) |
| LOSS BEFORE BENEFIT FROM |
|
|
| |
INCOME TAXES |
(6,613,000) |
(5,056,000) |
| BENEFIT FROM INCOME TAXES |
(2,478,000) |
(1,896,000) |
| NET LOSS |
$ (4,135,000) |
$ (3,160,000) |
| NET LOSS PER SHARE: |
|
|
| |
BASIC |
$ (0.44) |
$ (0.35) |
| |
DILUTED |
$ (0.44) |
$ (0.35) |
| WEIGHTED AVERAGE SHARES OUTSTANDING: |
|
|
| |
BASIC |
9,336,000 |
9,092,000 |
| |
DILUTED |
9,336,000 |
9,092,000 |
|
|
| |
 |
|