CHRD » Topics » NOTE 4-ACQUISITIONS

This excerpt taken from the CHRD 10-Q filed May 4, 2006.

NOTE 4—ACQUISITIONS

The operating results of KiQ Limited (“KiQ”) have been included in the condensed consolidated financial statements since the acquisition date of December 21, 2004. The following unaudited pro forma condensed consolidated financial information reflects the results of operations for the six months ended March 31, 2005 as if the acquisition of KiQ had occurred on October 1, 2004, after giving effect to purchase accounting adjustments. The purchased in-process research and development expense of $1.9 million has not been included in the pro forma results of operations for the six months ended March 31, 2005 because it is considered a non-recurring charge. These pro forma results have been prepared for comparative purposes only, do not purport to be indicative of what operating results would have been had the acquisition actually taken place at the beginning of the period, and may not be indicative of future operating results (in thousands, except per share data):

 

     Six Months Ended
March 31, 2005
 
     (restated)  

Pro forma adjusted total revenue

   $ 41,742  

Pro forma adjusted net loss

   $ (9,871 )

Pro forma adjusted net loss per share—basic and diluted

   $ (0.13 )

Pro forma weighted average shares—basic and diluted

     74,681  
This excerpt taken from the CHRD 10-Q filed Feb 9, 2006.

NOTE 4— ACQUISITIONS

 

The operating results of KiQ Limited (“KiQ”) have been included in the condensed consolidated financial statements since the acquisition date of December 21, 2004. The following unaudited pro forma condensed consolidated financial information reflects the results of operations for the three months ended December 31, 2004 as if the acquisition of KiQ had occurred on October 1, 2004, after giving effect to purchase accounting adjustments. The purchased in-process research and development expense of $1.9 million has not been included in the pro forma results of operations for the three months ended December 31, 2004 because it is considered a non-recurring charge. These pro forma results have been prepared for comparative purposes only, do not purport to be indicative of what operating results would have been had the acquisition actually taken place at the beginning of the period, and may not be indicative of future operating results (in thousands, except per share data):

 

     Three Months Ended
December 31, 2004


 
     (restated)  

Pro forma adjusted total revenue

   $ 22,571  

Pro forma adjusted net loss

   $ (2,716 )

Pro forma adjusted net loss per share—basic and diluted

   $ (0.04 )

Pro forma weighted average shares—basic and diluted

     76,575  

 

EXCERPTS ON THIS PAGE:

10-Q
May 4, 2006
10-Q
Feb 9, 2006
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