|
Press Releases
FINANCIAL RESULTS
BIG DOG HOLDINGS, INC. AND
SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited) |
|
| ASSETS |
| CURRENT ASSETS: |
| |
Cash and cash equivalents |
$ 2,330,000 |
$ 576,000 |
| |
Receivables, net |
403,000 |
257,000 |
| |
Inventories |
51,791,000 |
33,319,000 |
| |
Prepaid expenses and other current assets |
1,214,000 |
1,238,000 |
| |
Deferred income taxes |
1,287,000 |
960,000 |
| |
Total current assets |
57,025,000 |
36,350,000 |
| PROPERTY AND EQUIPMENT, Net |
10,520,000 |
4,404,000 |
INTANGIBLE ASSETS, Net
DEFERRED INCOME TAXES |
172,000
1,292,000 |
115,000
968,000 |
| OTHER ASSETS |
420,000 |
285,000 |
| |
TOTAL |
$ 69,429,000 |
$ 42,122,000 |
|
| LIABILITIES AND STOCKHOLDERS' EQUITY |
| CURRENT LIABILITIES: |
| |
Short-term borrowings
Accounts payable |
$ 15,628,000
7,720,000 |
$ 2,873,000
4,397,000 |
| |
Income taxes payable |
452,000 |
--------- |
| |
Accrued expenses and other current
liabilities |
5,235,000 |
2,579,000 |
| |
Total current liabilities |
29,035,000 |
9,849,000 |
NOTES PAYABLE
CAPITAL LEASE OBLIGATIONS |
530,000
298,000 |
---------
--------- |
DEFERRED RENT
DEFERRED GAIN ON SALE-LEASEBACK |
953,000
261,000 |
627,000
314,000 |
| |
Total liabilities |
31,077,000 |
10,790,000 |
| STOCKHOLDERS' EQUITY |
38,352,000 |
31,332,000 |
| |
TOTAL |
$ 69,429,000 |
$ 42,122,000 |
|
BIG DOG HOLDINGS, INC. AND
SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
OPERATIONS |
| |
Three Months Ended
September 30 |
Six Months Ended
September 30 |
| |
2004 |
2003 |
2004 |
2003 |
| |
(Unaudited) |
|
(Unaudited) |
|
|
| NET SALES |
|
$ 29,487,000 |
$105,619,000 |
$ 69,049,000 |
| COST OF GOODS SOLD |
19,262,000 |
12,658,000 |
47,934,000 |
29,899,000 |
| GROSS PROFIT |
23,433,000 |
16,829,000 |
57,685,000 |
39,150,000 |
| OPERATING EXPENSES: |
|
|
|
|
| |
Selling, marketing and distribution |
19,363,000 |
12,390,000 |
52,371,000 |
35,584,000 |
| |
General and administrative |
1,811,000 |
1,189,000 |
5,544,000 |
3,723,000 |
| |
Total operating expenses |
21,174,000 |
13,579,000 |
57,915,000 |
39,307,000 |
| INCOME (LOSS) FROM OPERATIONS |
2,259,000 |
3,250,000 |
(230,000) |
(157,000) |
| OTHER INCOME |
--------- |
--------- |
82,000 |
1,000 |
| INTEREST EXPENSE, NET |
(187,000) |
(75,000) |
(594,000) |
(240,000) |
| INCOME (LOSS) BEFORE PROVISION |
|
|
|
|
| |
(BENEFIT) FOR INCOME TAXES |
2,072,000 |
3,175,000 |
(742,000) |
(396,000) |
| PROVISION (BENEFIT) FOR INCOME TAXES |
788,000 |
1,228,000 |
(281,000) |
(151,000) |
| NET INCOME (LOSS) |
$ 1,284,000 |
$ 1,947,000 |
$ (461,000) |
$ (245,000) |
| NET INCOME (LOSS) PER SHARE |
|
|
|
|
| |
BASIC |
$ 0.14 |
$ 0.24 |
$ (0.05) |
$ (0.03) |
| |
DILUTED |
$ 0.13 |
$ 0.24 |
$ (0.05) |
$ (0.03) |
| WEIGHTED AVERAGE SHARES
OUTSTANDING: |
|
|
|
|
| |
BASIC |
9,189,000 |
8,264,000 |
8,568,000 |
8,328,000 |
| |
DILUTED |
9,633,000 |
8,265,000 |
8,568,000 |
8,328,000 |
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