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11.27.2007 - Sonic Solutions Reports Selected Preliminary Financial Results for Second Quarter Ended September 30, 2007; Updates Guidance

View SonicSolutions related news. Net revenue, in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"), for the quarter was $32.3 million. Cost of revenue, excluding any stock-based compensation costs, was $8.8 million. Included in cost of revenue is $1.2 million of expense related to the amortization of acquired intangibles. Marketing and sales expenses, excluding any stock-based compensation costs, were $9.1 million. Research and development expenses, excluding any stock-based compensation costs, were $11.5 million. General and administrative expenses, excluding any stock-based compensation costs, were $4.9 million. Additionally, the expenses associated with the ongoing stock option review were $1.5 million and restructuring expenses were $0.2 million. Other income (net of other expenses) was $0.6 million. For the quarter ended September 30, 2007, the outstanding basic number of shares was approximately 26.3 million.

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NID: 19255 / Submitted by: TACKtech Team
Categories: Press Release
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