TABLE-Akamai
Q2 results
CAMBRIDGE, Mass., July 24 (Reuters) -
Akamai Technologies, Inc.
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
(unaudited)
For the For the For the
three three six
months months months
ended ended ended
June 30, March 31, June 30,
2000 2000 2000
Revenue $ 18,144 $ 7,222 $ 25,366
Operating expenses:
Cost of service 12,647 6,636 19,283
Engineering
and development 12,931 6,915 19,846
Sales, general
and administrative 39,662 21,462 61,124
Amortization of
intangible assets 190,452 9,000 199,452
Equity related
compensation 9,421 2,189 11,610
Total operating expenses 265,113 46,202 311,315
Operating loss (246,969) (38,980) (285,949)
Interest income, net 3,803 3,625 7,428
Loss before income taxes (243,166) (35,355) (278,521)
Provision for income taxes
70 42 112
Net loss attributable to
common stockholders $(243,236) $ (35,397) $(278,633)
Basic and diluted net
loss per share $ (2.78) $ (0.47) $ (3.43)
Weighted average common
shares outstanding 87,374 75,029 81,251
Normalized loss (1) $ (43,363) $ (24,208) $ (67,571)
Normalized basic and diluted
net loss per share $ (0.50) $ (0.32) $ (0.83)
Supplemental Financial Data
(dollars and shares in thousands):
Depreciation 7,305 3,063 10,368
EBITDA (2) (39,791) (24,728) (64,519)
Capital expenditures 33,537 22,665 56,202
End of period statistics:
Number of signed customers
2,100 NA 2,100
Number of customers under
recurring contract 895 425 895
Number of employees 1,063 517 1,063
Number of servers 4,250 2,800 4,250
Common stock outstanding 105,873 93,800 105,873
Common stock outstanding and
unexercised options and warrants
123,187 109,896 123,187
(1) Normalized loss is loss before equity related compensation, amortization and other non-cash charges
(2) EBITDA is earnings before interest, taxes, depreciation, amortization and other non-cash charges
((-- New York Equities Desk 212-859-1700))
REUTERS
Rtr 16:28 07-24-00
Copyright 2000, Reuters News Service. All rights reserved. Replication or redistribution of Reuter's content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.