EX-12.1 5 a2118427zex-12_1.txt EXHIBIT 12.1 EXHIBIT 12.1 COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (IN THOUSANDS, EXCEPT RATIO DATA)
SIX MONTHS ENDED FISCAL YEARS ENDED JUNE 30, DECEMBER 31, 2003 2002 2001 2000 1999 1998 Income (loss) before provision (benefit) for taxes on income $(15,767) $(29,883) $(23,485) $(11,883) $(4,964) $(3,578) Add - Fixed charges 33 70 60 43 29 17 -------- -------- -------- -------- ------- ------- Income before taxes and fixed charges (net of capitalized interest) (15,734) (29,813) (23,425) (11,840) (4,935) (3,507) Fixed charges: Interest - - - - - - Amortization of debt issuance costs - - - - - - Capitalized interest - - - - - - Estimated interest component of rental expense 33 70 60 43 29 17 -------- -------- -------- -------- ------- ------- Total 33 70 60 43 29 17 Ratio of earnings before taxes and fixed charges, to fixed charges (1) (1) (1) (1)(2) (1)(2) (1)(2)
(1) During each of these periods, our earnings were less than our fixed charges. The amount of such deficiency was approximately $15.8 million for the six months ended June 30, 2003, and $29.9 million, $23.5 million, $11.9 million, $5.0 million and $3.6 million for fiscal years 2002, 2001, 2000, 1999 and 1998, respectively. (2) During each of these periods, our earnings were less than our combined fixed charges and preferred dividends. The amount of such deficiency was approximately $11.9 million, $5.0 million and $3.6 million for fiscal years 2000, 1999 and 1998, as dividends were at the discretion of the board of directors none of which were declared.