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02.26.2008 - Sonic Solutions Reports Selected Preliminary Financial Results for Third Fiscal Quarter Ended December 31, 2007; Updates Guidance

View SonicSolutions related news. Net revenue for the quarter was $35.6 million. Cost of revenue, excluding any stock-based compensation costs, was $8.3 million. Included in cost of revenue is $1.2 million of expenses related to the amortization of acquired intangibles. Operating expenses, excluding stock-based compensation costs were as follows; marketing and sales expenses were $9.0 million, research and development expenses were $10.7 million, and general and administrative expenses were $4.9 million. Additionally, expenses associated with the recently completed stock option review were $3.0 million and we recorded a restructuring charge of $2.9 million associated with the closure of our Richmond Hill facility. Other income (net of other expenses) was $0.3 million. For the quarter ended December 31, 2007, the outstanding basic number of shares was approximately 26.3 million. As of December 31, 2007, Sonic had cash, restricted cash, cash equivalents and short term investments of $65.2 million. Bank debt at December 31, 2007 was $20.0 million.

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NID: 20692 / Submitted by: TACKtech Team
Categories: Press Release
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