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Topic: (NASDAQ:OMGA) ,
Headline: TABLE-Omega Research (NASDAQ:OMGA) Q1 proforma net dips
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MIAMI, April 20 (Reuters) -
OMEGA RESEARCH, INC.
STATEMENTS OF INCOME
Three Months Ended
March 31,
1998 1997
NET REVENUES:
Licensing fees $5,645,903 5,549,627
Other revenues 1,384,891 1,123,456
Net revenues 7,030,794 6,673,083
Proforma net income $801,954 $1,614,726
PROFORMA NET EARNINGS
PER SHARE (FULLY DILUTED) $0.04 $0.08
WEIGHTED AVERAGE COMMON
SHARES OUTSTANDING
(FULLY DILUTED) 22,691,660 19,824,676
NOTE - The company was treated as an S corporation for
federal and state income tax purposes prior to September 30,
1997. Proforma income taxes have been provided as if the
Company had been a C corporation during the 1997 period
presented.
Net earnings per share (on a fully diluted basis) were
$0.04 in the 1998 first quarter compared with $0.02 in the 1997
fourth quarter and proforma net earnings per share (on a fully
diluted basis) of $0.08 in the 1997 first quarter.
Copyright 1998, Reuters News Service
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