WJ Communications Inc. and Subsidiaries
Unaudited Reconciliation of Non-GAAP Financial Measures
(in thousands)
Three Months Ended Nine Months Ended
---------------------------------- ------------------
April 1, July 1, SeptemberOctober September October
2007 2007 30, 1, 30, 1,
2007 2006 2007 2006 (1)
-----------------------------------------------------
GAAP loss from
operations $(4,770) $ (592) $(1,499) $(1,565) $(6,861) $(7,711)
Depreciation
and
amortization
expense 1,202 667 956 774 2,825 3,100
Stock-based
compensation 875 1,273 909 759 3,058 1,293
-------- ------- -------- -------- --------- --------
EBITDA $(2,693) $1,348 $ 366 $ (32) $ (978) $(3,318)
======== ======= ======== ======== ========= ========
Nine months ended October 1, 2006 depreciation and amortization
(1) expense includes $637 write-off of an intangible asset
WJ Communications Inc. and Subsidiaries
Condensed Consolidated Balance Sheet
(in thousands)
September December
30, 31,
2007 (1) 2006
----------------------
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 9,204 $ 17,024
Short-term investments 3,992 8,399
Accounts receivable, net 9,071 5,759
Inventory 6,850 5,281
Other current assets 1,352 1,563
---------- -----------
Total current assets 30,469 38,026
PROPERTY, PLANT AND EQUIPMENT, net 6,062 7,232
Goodwill 6,834 6,834
Intangible assets, net 760 960
Other assets 178 181
---------- -----------
$ 44,303 $ 53,233
========== ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
Total current liabilities 11,648 15,057
Total long-term liabilities 9,642 12,586
Total liabilities 21,290 27,643
Total stockholders' equity 23,013 25,590
---------- -----------
$ 44,303 $ 53,233
========== ===========
(1)Unaudited
