Net2Phone, Inc. Condensed Consolidated Statement of Operations (unaudited) Year End 2002 Revenue Direct cost of revenue Selling, general and administrative Depreciation and amortization Restructuring, severance, impairment and other items Acquired in-process research and development Non-cash compensation expense Total cost and expenses Loss from operations Interest income, net Other income (loss) Net loss before minority interests Minority interests Net loss Redeemable common stock accretion Net loss available to common stock holders Net loss per common share-basic and diluted $ $ $ 137,855,165 78,502,086 117,170,452 23,979,448 143,191,146 13,850,000 18,955,673 395,648,805 (257,793,640) 4,162,088 (7,886,961) (261,518,513) (15,590,626) (245,927,887) (133,000) (246,060,888) $ (4.21) $ $ Year End 2001 150,198,488 108,410,853 168,002,685 23,349,538 70,100,860 20,544,829 390,408,765 (240,210,277) 18,530,609 (146,972,698) (368,652,366) (2,676,595) (365,975,771) (531,999) (366,507,770) (6.25) $ $ Three months ended July 31, 2002 $ 26,562,139 15,090,229 17,108,858 2,863,715 7,557,909 1,437,247 44,057,958 (17,495,819) 719,915 401,387 (16,374,517) 3,392,083 (19,766,600) (19,766,600) $ (0.34) $ Three months ended July 31, 2001 $ 44,121,557 26,342,115 34,828,058 5,982,755 3,600,815 5,417,809 76,171,552 (32,049,995) 3,113,982 (38,467,414) (67,403,427) (1,701,237) (65,702,190) (65,702,190) (1.14)
Weighted Average number of common shares used in the calculation of basic and diluted net loss per common share Cash, cash equivalents and marketable securities Fixed assets (net) Total assets Total Stockholders' Equity Footnote 1 Net loss available to common stockholders EXCLUDING Inventory obsolescence expense Non-recurring SG&A expense Restructuring and other charges/gains Acquired in-process research and development Minority interests associated with acquired in-process R&D Non-cash compensation expense Other income/(loss) Pro forma net loss available to common stockholders Pro forma net loss per common share-basic and diluted Footnote 2 Loss from operations EXCLUDING Depreciation and amortization Aplio goodwill Inventory obsolescence expense Non-recurring SG&A expense Restructuring and other charges Acquired in-process research and development Non-cash compensation expense Pro forma consolidated EBITDA $
58,442,337 108,690,357 32,875,168 171,695,560 56,602,399 $
58,664,580 253,968,496 108,398,276 411,644,774 273,828,532 $
58,442,337 108,690,357 32,875,168 171,695,560 56,602,399 $
57,876,398 253,968,496 108,398,276 411,644,774 273,828,532
$
(246,060,887) $ (2,772,929) (3,000,517) (143,191,146) (13,850,000) 5,742,534 (18,955,673) (7,886,961) (62,146,195) $ (1.06) $
(366,507,770) (3,000,000) (40,234,352) (70,100,860) (20,544,829) (146,972,698) (85,655,031) (1.46)
$
(19,766,600) $ (248,485) (7,557,909) (1,437,247) 401,387 (10,924,346) $ (0.19) $
(65,702,190) (3,600,815) (5,417,809) (38,467,414) (18,216,152) (0.31)
$ $
$ $
$
(257,793,640) $ (23,979,448) (2,772,929) (3,000,517) (143,191,146) (13,850,000) (18,955,673) (52,043,927) $
(240,210,277) (23,349,538) 5,494,724 (3,000,000) (40,234,352) (70,100,860) (20,544,829) (88,475,422)
$
(17,495,819) $ (2,863,715) (248,485) (7,557,909) (1,437,247) (5,388,464) $
(32,049,995) (5,982,755) (3,600,815) (5,417,809) (17,048,616)
$
$