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Condensed Consolidated Financial Statements
Interphase Corporation
       
Condensed Consolidated Statements of Operations
(amounts in thousands, except per-share amounts)
 
Three Months Ended Dec. 31, Twelve Months Ended Dec. 31,
  2011     2010   2011     2010  
Revenues $ 3,607 $ 5,820 $ 21,993 $ 18,207
Gross margin 1,437 3,216 10,531 9,187
Research and development 843 1,056 3,814 6,572
Sales and marketing 788 878 3,498 4,512
General and administrative 762 935 3,529 3,843
Restructuring charge   -     -   -     3,339  
Total operating expenses 2,393 2,869 10,841 18,266
(Loss) income from operations (956 ) 347 (310 ) (9,079 )
(Loss) income before income tax (949 ) 362 (288 ) (9,056 )
Net (loss) income (1,112 ) 447 (505 ) (8,419 )
Net (loss) income per diluted share $ (0.16 ) $ 0.06 $ (0.07 ) $ (1.23 )
Weighted average common and dilutive shares 6,895 6,915 6,857 6,839
 
Selected Consolidated Balance Sheet Information
(amounts in thousands)
   
Dec. 31, 2011 Dec. 31, 2010
Cash and marketable securities $ 11,825 $ 10,777
Accounts receivable, net 2,998 4,890
Inventories 1,556 1,645
Net property, plant and equipment 369 414
Total assets 17,818 19,314
Total liabilities 6,476 8,304
Total shareholders' equity $ 11,342 $ 11,010

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