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Online Resources Posts First Quarter 2005 Results
Revenue and Earnings Exceed Raised Guidance
Condensed Consolidated Balance Sheets
(In thousands)
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MARCH 31, 2005
(UNAUDITED) |
DECEMBER 31, 2004 |
ASSETS
Current assets: |
| Cash, Cash Equivalents and Short-term Investments |
$9,393 |
$6,291 |
| Accounts Receivable, Net |
8,387 |
8,516 |
| Deferred Implementation Costs |
506 |
461 |
| Prepaid Expenses and Other Current Assets |
1,156 |
2,635 |
| Total Current Assets |
19,442 |
17,903 |
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| Property and Equipment, Net |
13,391 |
13,100 |
| Goodwill |
11,548 |
11,273 |
| Intangible assets |
1,491 |
1,570 |
| Deferred Implementation Costs, Less Current Portion |
459 |
420 |
| Other Assets |
306 |
351 |
| Total Assets |
$ 46,637 |
$ 44,617 |
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities: |
| Accounts Payable, Accrued Expenses and Other Current Liabilities |
$ 3,508 |
$ 4,972 |
| Deferred Revenues |
971 |
973 |
| Deferred Rent Obligation |
158 |
158 |
| Capital Lease Obligation |
7 |
11 |
| Total Current Liabilities |
4,644 |
6,114 |
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| Deferred Revenues, Less Current Portion |
519 |
379 |
| Deferred Rent Revenues, Less Current Portion |
1,674 |
1,525 |
| Other Long Term Liabilities |
41 |
133 |
| Total Liabilities |
6,878 |
8,151 |
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| Stockholders' Equity |
39,759 |
36,466 |
| Total Liabilities and Stockholders' Equity |
$ 46,637 |
$ 44,617 |
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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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