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Online Resources Posts Fourth Quarter And Full Year 2003 Results
Revenue and Earnings at High End of Expectations
Condensed Balance Sheets
(Unaudited)
(In thousands)
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DECEMBER 31, 2003 |
DECEMBER 31, 2002 |
ASSETS
Current assets: |
| Cash, Cash Equivalents and Short-term Investments |
$ 13,634 |
$ 6,786 |
| Accounts Receivable, Net |
3,935 |
3,826 |
| Deferred Implementation Costs |
494 |
631 |
| Prepaid Expenses and Other Current Assets |
911 |
772 |
| Total Current Assets |
18,974 |
12,015 |
| Property and Equipment, Net |
7,344 |
7,804 |
| Deferred Implementation Costs, Less Current Portion |
417 |
401 |
| Debt Issuance Costs |
- |
401 |
| Other Assets |
117 |
450 |
| Total Assets |
$ 26,852 |
$ 21,330 |
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities: |
| Accounts Payable, Accrued Expenses and Other Current Liabilities |
$ 2,834 |
$ 2,619 |
| Deferred Revenues |
586 |
532 |
| Current Portion of Capital Lease Obligation |
97 |
214 |
| Total Current Liabilities |
3,517 |
3,365 |
| Capital Lease Obligation, Less Current Maturities |
11 |
111 |
| Deferred Revenues, Less Current Portion |
302 |
356 |
| Other Long Term Liabilities |
51 |
- |
| Notes Payable |
- |
12,000 |
| Total Liabilities |
3,881 |
15,832 |
| Stockholders' Equity |
22,971 |
5,498 |
| Total Liabilities and Stockholders' Equity |
$ 26,852 |
$ 21,330 |
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Back
Media Contact: Beth Halloran,
Director, Corporate Communications
703.394.5248
bhalloran@orcc.com
Investor Contact: Catherine Graham,
EVP & Chief Financial Officer
703.394.5155
cgraham@orcc.com
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