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Press Releases
FINANCIAL RESULTS
BIG DOG HOLDINGS, INC. AND
SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited) |
|
| ASSETS |
| CURRENT ASSETS: |
| |
Cash and cash equivalents |
$ 594,000 |
$ 1,525,000 |
| |
Receivables, net |
767,000 |
229,000 |
| |
Inventories |
44,407,000 |
41,653,000 |
| |
Prepaid expenses and other current assets |
1,965,000 |
1,111,000 |
| |
Deferred income taxes |
1,855,000 |
1,559,000 |
| |
Total current assets |
49,588,000 |
46,077,000 |
| PROPERTY AND EQUIPMENT, Net |
9,988,000 |
10,673,000 |
INTANGIBLE ASSETS, Net
DEFERRED INCOME TAXES |
172,000
1,690,000 |
217,000
1,394,000 |
| OTHER ASSETS |
309,000 |
448,000 |
| |
TOTAL |
$ 61,747,000 |
$ 58,809,000 |
|
| LIABILITIES AND STOCKHOLDERS' EQUITY |
| CURRENT LIABILITIES: |
| |
Short-term borrowings
Current portion of long-term debt
Accounts payable |
$ 7,384,000
246,000
5,006,000 |
$ 8,496,000
261,000
5,055,000 |
| |
Income taxes payable |
72,000 |
83,000 |
| |
Accrued expenses and other current
liabilities |
5,376,000 |
5,696,000 |
| |
Total current liabilities |
18,084,000 |
19,591,000 |
NOTES PAYABLE
CAPITAL LEASE OBLIGATIONS |
109,000
152,000 |
487,000
351,000 |
DEFERRED RENT AND LEASE INCENTIVES
DEFERRED GAIN ON SALE-LEASEBACK |
1,333,000
222,000 |
690,000
274,000 |
| |
Total liabilities |
19,900,000 |
21,393,000 |
| STOCKHOLDERS' EQUITY |
41,847,000 |
37,416,000 |
| |
TOTAL |
$ 61,747,000 |
$ 58,809,000 |
|
BIG DOG HOLDINGS, INC. AND
SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
OPERATIONS
(Unaudited) |
| |
Three Months Ended
June 30 |
Six Months Ended
June 30 |
| |
2005 |
2004 |
2005 |
2004 |
|
| NET SALES |
$43,441,000 |
$41,043,000 |
$74,786,000 |
$62,924,000 |
| COST OF GOODS SOLD |
18,761,000 |
18,013,000 |
33,879,000 |
28,672,000 |
| GROSS PROFIT |
24,680,000 |
23,030,000 |
40,907,000 |
34,252,000 |
| OPERATING EXPENSES: |
|
|
|
|
| |
Selling, marketing and distribution |
19,327,000 |
18,875,000 |
37,594,000 |
33,008,000 |
| |
General and administrative |
2,286,000 |
1,936,000 |
4,029,000 |
3,733,000 |
| |
Total operating expenses |
21,613,000 |
20,811,000 |
41,623,000 |
36,741,000 |
| INCOME (LOSS) FROM OPERATIONS |
3,067,000 |
2,219,000 |
(716,000) |
(2,489,000) |
| OTHER INCOME |
---------- |
82,000 |
---------- |
82,000 |
| INTEREST INCOME |
1,000 |
64,000 |
41,000 |
70,000 |
| INTEREST EXPENSE |
(297,000) |
(347,000) |
(448,000) |
(477,000) |
| INCOME (LOSS) BEFORE PROVISION |
|
|
|
|
| |
(BENEFIT) FOR INCOME TAXES |
2,771,000 |
2,018,000 |
(1,123,000) |
(2,814,000) |
| PROVISION (BENEFIT) FOR INCOME TAXES |
1,053,000 |
767,000 |
(427,000) |
(1,069,000) |
| NET INCOME (LOSS) |
$ 1,718,000 |
$ 1,251,000 |
$ (696,000) |
$ (1,745,000) |
| NET INCOME (LOSS) PER SHARE: |
|
|
|
|
| |
BASIC |
$ 0.19 |
$ 0.15 |
$ (0.08) |
$ (0.21) |
| |
DILUTED |
$ 0.18 |
$ 0.14 |
$ (0.08) |
$ (0.21) |
| WEIGHTED AVERAGE SHARES
OUTSTANDING: |
|
|
|
|
| |
BASIC |
9,182,000 |
8,261,000 |
9,181,000 |
8,252,000 |
| |
DILUTED |
9,756,000 |
8,907,000 |
9,181,000 |
8,252,000 |
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