EFTA00292114.pdf

CONFIDENTIAL DO NOT DISTRIBUTE AliphCom Financial Statements Year Ended December 31, 2011 Preliminary and Unaudited EFTA00292114  CONFIDENTIAL DO NOT DISTRIBUTE AliphCom Balance Sheet ($s in 000s) Preliminary and Unaudited 12/31/11 ASSE Curr nt Cash & $ 77,066 Restricted C Accounts receitaljelnd other receivables 18,689 Inventory 14,175 Prepaids and other ci‘eienets 2,341 Total current assets enit 112,271 Property and equipment, net,N eec 5,538 Other assets 7,399 TOTAL ASSETS $ 125,208 O LIABILITIES AND STOCKHOLDEIWE ITY Current liabilities: Accounts payable L e 29,865 Accrued expenses A\ 25,329 Deferred revenues v an 3,109 Other current liabilities 14 / 3 Igkin Total current liabilities , ThISP TOTAL LIABILITIES / Stockholders' equity: Common stock, preferred stock, & addl paid in capital 165,321 s Retained earnings (retained loss) (113,552) (Z Accumulated other comprehensive income (loss) 9 TOTAL EQUITY TOTAL LIABILITIES AND EQUITY 51,778 $ 125,208 O UNAUDITED EFTA00292115  CONFIDENTIAL DO NOT DISTRIBUTE AliphCom Income Statement Preliminary and unaudited ($s in 000s) FY 2011 Net revenue t Cost of goods sold. COGS depreciation mgrtization $ 128,876 122,081 1,602 Total cost of goods sol 7.1\ 123,683 Gross profit 5,193 Gross margin (%) 4.0% Selling and marketing 24,989 General and administrative 18,639 Research and development 30,353 Depreciation and amortization 1,832 Total operating expenses Operating loss Operating margin (%) Stock based compensation Interest income (expense) Other income (expense) Income before provision for income taxes (71,916) Provision for income taxes 66 Net loss $ (71,982) Net margin (%) -55.8% UNAUDITED EFTA00292116  CONFIDENTIAL DO NOT DISTRIBUTE AliphCom Statement of Cash Flows ($s in 000s) Preliminary and Unaudited Fiscal Year 12/31/2011 Cash Flow F ating Activities Net income/loss (71,982) Depreciation & amortizajte 3,434 Share-based compensatio 1,160 Effects of exchange rate c monetary assets and liabilities 9 Changes in operating assets ties: Accounts receivable (11,736) Inventory rfr, Other current assets and non-current Alb I 1,062 (6,176) Accounts payable ‘rn 8,495 Deferred revenue Other current and non-current liabilities L.I, e1 (269) 23,987 Net cash used in o ratio activities 52.016 Cash flow from investing activities A Capital expenditures (6,154) Ve i Net cash used in investing activities (6,154) Cash Flow From Financing Activities LS ") Proceeds from option and warrant exercises 1% 664 Proceeds from issuance of common stock Proceeds from issuance of preferred stock Net cash provided by financing activities O 11,846 43 43 Net increase in cash and cash equivalents 48,0(3 Cash and cash equivalents at beginning of period 28,99 (..9 Cash and cash equivalents at end of period 77.066 UNAUDITED EFTA00292117