|
Press Releases
FINANCIAL RESULTS
BIG DOG HOLDINGS, INC. AND
SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited) |
|
| ASSETS |
| CURRENT ASSETS: |
| |
Cash and cash equivalents |
1,525,000 |
2,258,000 |
| |
Account receivable, net |
229,000 |
117,000 |
| |
Inventories |
41,653,000 |
28,580,000 |
| |
Prepaid expenses and other current assets |
1,111,000 |
928,000 |
| |
Deferred income taxes |
1,559,000 |
1,790,000 |
| |
Total current assets |
46,077,000 |
33,673,000 |
| PROPERTY AND EQUIPMENT, Net |
10,673,000 |
4,671,000 |
INTANGIBLE ASSETS, Net
DEFERRED INCOME TAXES |
217,000
1,394,000 |
123,000
1,600,000 |
| OTHER ASSETS |
448,000 |
344,000 |
| |
TOTAL |
58,809,000 |
40,411,000 |
|
| LIABILITIES AND STOCKHOLDERS' EQUITY |
| CURRENT LIABILITIES: |
| |
Short-term borrowings
Current portion of note payable
Accounts payable |
$ 7,046,000
97,000
5,055,000 |
$ 5,001,000
---------
1,659,000 |
| |
Income taxes payable |
83,000 |
--------- |
| |
Accrued expenses and other current
liabilities |
5,860,000 |
3,290,000 |
| |
Total current liabilities |
18,141,000 |
9,950,000 |
LONG-TERMS BORROWINGS
NOTE PAYABLE
CAPITAL LEASE OBLIGATIONS |
1,450,000
487,000
351,000 |
---------
---------
--------- |
DEFERRED RENT
DEFERRED GAIN ON SALE-LEASEBACK |
690,000
274,000 |
616,000
327,000 |
| |
Total liabilities |
21,393,000 |
10,893,000 |
| STOCKHOLDERS' EQUITY |
37,416,000 |
29,518,000 |
| |
TOTAL |
58,809,000 |
40,411,000 |
|
BIG DOG HOLDINGS, INC. AND
SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
OPERATIONS |
| |
Three Months Ended
June 30 |
Six Months Ended
June 30 |
| |
2004 |
2003 |
2004 |
2003 |
| |
(Unaudited) |
|
(Unaudited) |
|
|
| NET SALES |
$ 41,043,000 |
$ 24,208,000 |
$ 62,924,000 |
$ 39,562,000 |
| COST OF GOODS SOLD |
18,013,000 |
9,990,000 |
28,672,000 |
17,241,000 |
| GROSS PROFIT |
23,030,000 |
14,218,000 |
34,252,000 |
22,321,000 |
| OPERATING EXPENSES: |
|
|
|
|
| |
Selling, marketing and distribution |
18,875,000 |
11,883,000 |
33,008,000 |
23,194,000 |
| |
General and administrative |
1,936,000 |
1,333,000 |
3,733,000 |
2,534,000 |
| |
Total operating expenses |
20,811,000 |
13,216,000 |
36,741,000 |
25,728,000 |
| INCOME (LOSS) FROM OPERATIONS |
2,219,000 |
1,002,000 |
(2,489,000) |
(3,407,000) |
| OTHER INCOME |
82,000 |
-------- |
82,000 |
-------- |
| INTEREST EXPENSE, NET |
(283,000) |
(101,000) |
(407,000) |
(163,000) |
| INCOME (LOSS) BEFORE PROVISION |
2,018,000 |
901,000 |
(2,814,000) |
(3,570,000) |
| |
(BENEFIT) FOR INCOME TAXES |
767,000 |
342,000 |
(1,069,000) |
(1,379,000) |
| NET INCOME (LOSS) |
$ 1,251,000 |
$ 559,000 |
$ (1,745,000) |
$ (2,191,000) |
| NET INCOME (LOSS) PER SHARE |
|
|
|
|
| |
BASIC |
$ 0.15 |
$ 0.07 |
$ (0.21) |
$ (0.26) |
| |
DILUTED |
$ 0.14 |
$ 0.07 |
$ (0.21) |
$ (0.26) |
| WEIGHTED AVERAGE SHARES
OUTSTANDING: |
|
|
|
|
| |
BASIC |
8,261,000 |
8,330,000 |
8,252,000 |
8,361,000 |
| |
DILUTED |
8,907,000 |
8,330,000 |
8,252,000 |
8,361,000 |
|
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