Attached files
| file | filename |
|---|---|
| 8-K - KEYW HOLDING CORP | v204341_8k.htm |
| EX-99.1 - KEYW HOLDING CORP | v204341_ex99-1.htm |
| EX-99.5 - KEYW HOLDING CORP | v204341_ex99-5.htm |
| EX-2.1 - KEYW HOLDING CORP | v204341_ex2-1.htm |
| EX-23.1 - KEYW HOLDING CORP | v204341_ex23-1.htm |
| EX-99.4 - KEYW HOLDING CORP | v204341_ex99-4.htm |
| EX-99.3 - KEYW HOLDING CORP | v204341_ex99-3.htm |
Exhibit
99.2
Unaudited
Consolidated Financial Statements of Sycamore.US, Inc. and Sycamore Services,
Inc. as of and for the nine months ended September 25, 2009
The
accompanying consolidated financial statements for Sycamore US as of and for the
nine months ended September 25, 2009 are unaudited.
We
prepared these interim consolidated condensed financial statements in conformity
with U.S. generally accepted accounting principles, consistent in all material
respects with those applied in Sycamore’s audited financial statements for the
year ended December 31, 2009.
The
interim financial information is unaudited, but reflects all normal adjustments
that are, in our opinion, necessary to provide a fair statement of results for
the interim periods presented. This interim information should be read in
conjunction with the consolidated financial statements for the year ended
December 31, 2009, contained elsewhere in this filing.
|
Sycamore
Balance Sheet
|
||||
|
September
25, 2009
|
||||
|
(unaudited)
|
||||
|
(in
thousands)
|
||||
|
|
||||
|
Cash
|
$ | 678 | ||
|
Accounts
receivable
|
3,062 | |||
|
Prepaids
|
360 | |||
|
Current
assets
|
4,100 | |||
|
Property,
plant, & equipment
|
167 | |||
|
Other
assets
|
14 | |||
|
Total
assets
|
$ | 4,281 | ||
|
Accounts
payable
|
220 | |||
|
Debt
|
231 | |||
|
Accrued
expense
|
133 | |||
|
Accrued
compensation
|
912 | |||
|
Other
current liabilities
|
273 | |||
|
Current
liabilities
|
1,769 | |||
|
Total
liabilities
|
1,769 | |||
|
Common
stock
|
840 | |||
|
Additional
paid-in capital
|
101 | |||
|
Accumulated
deficit
|
1,571 | |||
|
Total
equity
|
2,512 | |||
|
Total
liabilities and equity
|
$ | 4,281 | ||
|
Sycamore
|
||||
|
Statement
of Operations
|
||||
|
(unaudited)
|
||||
|
(in
thousands)
|
||||
|
Nine
Months Ended
September
25, 2009
|
||||
|
Revenue
|
||||
|
Services
|
14,490 | |||
|
Products
|
- | |||
|
Total
|
14,490 | |||
|
Cost
of Revenues
|
||||
|
Services
|
10,268 | |||
|
Products
|
- | |||
|
Total
|
10,268 | |||
|
Gross
profit
|
||||
|
Services
|
4,222 | |||
|
Products
|
- | |||
|
Total
|
4,222 | |||
|
Operating
expenses
|
3,565 | |||
|
Intangible
Amortization
|
- | |||
|
Operating
income
|
657 | |||
|
Non-operating
expense(income)
|
(2 | ) | ||
|
Income
before taxes
|
659 | |||
|
Tax
expense
|
- | |||
|
Net
income
|
659 | |||
Sycamore
Statement
of Cash Flows
|
Nine
Months Ended
|
||||
|
September
25,
|
||||
|
2009
|
||||
|
(unaudited)
|
||||
|
Net
income
|
$ | 659 | ||
|
Adjustments
to reconcile net loss to net
|
||||
|
Cash
used in operating activities
|
||||
|
Depreciation/Amortization
|
74 | |||
|
Decrease
(increase) in balance sheet items
|
||||
|
Receivables
|
156 | |||
|
Prepaid
expenses
|
224 | |||
|
Accounts
payable
|
(306 | ) | ||
|
Accrued
expenses
|
335 | |||
|
Other
balance sheet changes
|
(6 | ) | ||
|
Net
cash provided by operations
|
1,136 | |||
|
Cash
flows from investing activities
|
||||
|
Net
cash used in investing activities
|
- | |||
|
Cash
flows from financing activities
|
||||
|
Cash
distributions to shareholders
|
(427 | ) | ||
|
Repayment
of debt
|
(91 | ) | ||
|
Net
cash used in financing activities
|
(518 | ) | ||
|
Net
increase in cash and cash equivalents
|
618 | |||
|
Cash
and cash equivalents at beginning of period
|
60 | |||
|
Cash
and cash equivalents at end of period
|
$ | 678 | ||
|
Supplemental
disclosure of cash flow information:
|
||||
|
Cash
paid for interest
|
$ | 1 | ||
|
Cash
paid for taxes
|
$ | - | ||