outstanding 62,903,431 62,903,431
========== ==========
(A) Non-cash stock-based compensation charges relating to stock option
grants awarded to employees and third-party service providers and
accounted for in accordance with SFAS123R, "Share-Based Payment"
(B) Actual taxes to be paid are consistent with the GAAP provision for
income taxes
ZIX CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(Unaudited)
Six Months Ended June 30, 2008
------------------------------
Non-Cash Income
Stock-based Tax Non-GAAP
GAAP Compensation Impact ("Adjusted")
Results (A) (B) Net Loss
----------- --------- ------ -----------
Revenues $14,157,000 $14,157,000
Cost of revenues 5,122,000 (157,000) 4,965,000
--------- -------- ------- ---------
Gross profit 9,035,000 157,000 - 9,192,000
Operating expenses:
Research and development 2,926,000 (130,000) 2,796,000
Selling, general and
administrative 9,424,000 (978,000) 8,446,000
---------- ----------- ------ ----------
Total operating expenses 12,350,000 (1,108,000) - 11,242,000
----------- --------- ------ -----------
Operating income/(loss) (3,315,000) 1,265,000 - (
'/>"/>SOURCE Zix Corporation Copyright©2009 PR Newswire. All rights reserved | |
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