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Online Resources Posts Third Quarter 2004 Results
Increased Adoption and Operating Leverage Fuel Strong Earnings Growth
Condensed Balance Sheets
(Unaudited)
(In thousands)
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SEPTEMBER 30, 2004 |
DECEMBER 31, 2003 |
ASSETS
Current assets: |
| Cash, Cash Equivalents and Short-term Investments |
$ 16,223 |
$ 13,634 |
| Accounts Receivable, Net |
4,547 |
3,935 |
| Deferred Implementation Costs |
467 |
494 |
| Prepaid Expenses and Other Current Assets |
1,637 |
911 |
| Total Current Assets |
22,874 |
18,974 |
| Property and Equipment, Net |
9,473 |
7,344 |
| Deferred Implementation Costs, Less Current Portion |
447 |
417 |
| Debt Issuance Costs |
- |
401 |
| Other Assets |
109 |
117 |
| Total Assets |
$ 32,903 |
$ 26,852 |
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities: |
| Accounts Payable, Accrued Expenses and Other Current Liabilities |
$ 4,377 |
$ 2,834 |
| Deferred Revenues |
557 |
586 |
| Current Portion of Capital Lease Obligation |
14 |
97 |
| Total Current Liabilities |
4,948 |
3,517 |
| Capital Lease Obligation, Less Current Maturities |
- |
11 |
| Deferred Revenues, Less Current Portion |
293 |
302 |
| Other Long Term Liabilities |
39 |
51 |
| Total Liabilities |
5,280 |
3,881 |
| Stockholders' Equity |
27,623 |
22,971 |
| Total Liabilities and Stockholders' Equity |
$ 32,903 |
$ 26,852 |
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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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