(Internet Marketing) Atrinsic Reports Operating Results for the Full Year and Fourth … – FOXBusiness
Pro Forma Consolidated Statement of Operations For the Three and Twelve Months Ending December 31, 2008 and 2007 (Dollars in thousands, except per share data) Three Months Ended Twelve Months Ended December 31, December 31, December 31, December 31, 2008 2007 2008 2007 Net revenues $ 22,875 $ 36,635 $ 128,421 $ 122,264 Operating expense net of interest and other expense 140,803 37,623 242,678 130,773 Income taxes (1,369 ) 2,842 (852 ) 1,732 Net Proforma loss $ (116,559 ) $ (3,830 ) $ (113,405 ) $ (10,241 ) Basic and diluted earnings per share $ (5. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS Years Ended December 31, (Dollars in thousands, except per share data) 2008 2007 ASSETS Current Assets Cash and cash equivalents $ 20,410 $ 1,112 Marketable securities 4,245 9,338 Accounts receivable, net of allowance for doubtful accounts of $2,938 and $565 16,790 8,389 Income tax receivable 2,666 – Prepaid expenses and other current assets 3,686 2,278 Total current assets 47,797 21,117 PROPERTY AND EQUIPMENT, net of accumulated depreciation of $1,435 and $294 3,525 860 GOODWILL 11,075 – INTANGIBLES ASSETS, net of accumulated amortization of $5,683 and 12,508 599 $941 INVESTMENTS AND OTHER ADVANCES 2,519 – DEPOSITS AND OTHER ASSETS 1,339 1,387 TOTAL ASSETS $ 78,763 $ 23,963 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities Accounts payable $ 7,194 $ 3,257 Accrued expenses 12,340 3,720 Short-term note payable 1,858 – Merger related accrual 1,601 – Deferred revenue 152 – Other current liabilities 969 99 Total current liabilities 24,114 7,076 Long Term note payable – 22 MINORITY INTERESTS 260 283 COMMITMENTS AND CONTINGENCIES – - STOCKHOLDERS’ EQUITY Common stock – par value $. Corn is corn no matter where it comes from — just as wheat is wheat and natural gas is — right! Market Data provided by Interactive Data ( Terms & Conditions ). Dow Jones & Company Terms & Conditions. read more
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