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Online Resources Posts Fourth Quarter And Annual 2004 Results
Earnings Up Sharply, In Line with Raised Guidance
Condensed Balance Sheets
(In thousands)
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DECEMBER 31, 2004
(UNAUDITED) |
DECEMBER 31, 2003 |
ASSETS
Current assets: |
| Cash, Cash Equivalents and Short-term Investments |
$ 6,291 |
$ 13,634 |
| Accounts Receivable, Net |
8,516 |
3,935 |
| Deferred Implementation Costs |
461 |
494 |
| Prepaid Expenses and Other Current Assets |
2,635 |
911 |
| Total Current Assets |
17,903 |
18,974 |
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| Property and Equipment, Net |
11,417 |
7,344 |
| Goodwill |
11,417 |
- |
| Intangible assets |
1,570 |
- |
| Deferred Implementation Costs, Less Current Portion |
420 |
417 |
| Other Assets |
351 |
117 |
| Total Assets |
$ 42,934 |
$ 26,852 |
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities: |
| Accounts Payable, Accrued Expenses and Other Current Liabilities |
$ 4,972 |
$ 2,834 |
| Deferred Revenues |
973 |
586 |
| Current Portion of Capital Lease Obligation |
10 |
97 |
| Total Current Liabilities |
5,955 |
3,517 |
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| Capital Lease Obligation, Less Current Maturities |
- |
11 |
| Deferred Revenues, Less Current Portion |
379 |
302 |
| Other Long Term Liabilities |
134 |
51 |
| Total Liabilities |
6,468 |
3,881 |
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| Stockholders' Equity |
36,466 |
22,971 |
| Total Liabilities and Stockholders' Equity |
$ 42,934 |
$ 26,852 |
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Back
Media Contact: Beth Halloran,
Director, Corporate Communications
703.653.2248
bhalloran@orcc.com
Investor Contact: Catherine Graham,
EVP & Chief Financial Officer
703.653.3155
cgraham@orcc.com
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