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PR: Ride's Statistics and Balance Sheet |
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RIDE, INC.
FINANCIAL HIGHLIGHTS
(In thousands, except per share data)
STATEMENT OF INCOME DATA:
Three ended Nine ended
Months Sept. 30 Months Sept. 30
1996 1995 1996 1995
---- ---- ---- ----
Net sales $35,329 $31,896 $61,606 $49,160
Cost of goods sold 23,985 22,795 42,712 35,983
Gross profit 11,344 9,101 18,894 13,177
Selling, general
and administrative
expenses 5,419 3,525 14,090 6,954
Operating income 5,925 5,576 4,804 6,223
Interest income
(expense) (111) 114 140 276
Income before
income taxes 5,814 5,690 4,944 6,499
Income tax expense 2,172 2,113 1,874 2,417
Net income $3,642 $3,577 $3,070 $4,082
Per share:
Primary $0.32 $0.34 $0.27 $0.42
Fully diluted $0.32 $0.33 $0.27 $0.40
Weighted average common shares outstanding:
Primary 11,258 10,548 11,334 9,550
Fully diluted 11,485 10,832 11,534 10,159
BALANCE SHEET DATA:
Sept. 30, Dec. 31, Sept. 30,
1996 1995 1995
---- ---- ----
Accounts receivable,
net: $28,257 $13,556 $22,898
Inventories:
Finished goods $13,804 $2,812 $3,273
Raw materials
and work in
process $2,491 $1,597 $1,099
Total inventories $16,295 $4,409 $4,372
Working capital $26,920 $26,104 $26,669
Total assets $70,243 $57,599 $56,017
Long term debt $558 $-- $--
Total shareholders'
equity $50,511 $46,495 $43,551
SOURCE Ride Inc.
CO: Ride Inc.
ST: Washington
IN: LEI
SU: ERN
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