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ADVANCED PHOTONIX INC (API)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsMar-31-14Mar-31-13Mar-31-12Mar-31-11Mar-31-10Mar-31-09Mar-31-08Mar-31-07
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues  29.023.629.528.821.129.723.20.0
            Revenue growth  22.8%-19.8%2.3%36.8%-29.0%27.8% -100.0%
Cost of goods sold  19.414.817.616.512.116.714.30.0
Gross profit  9.68.811.912.49.012.98.90.0
            Gross margin  33.1%37.3%40.2%42.9%42.8%43.6%38.2% 
Selling, general and administrative   [+]7.06.314.65.95.87.56.9 
Research and development  5.05.76.55.64.74.74.2 
Other operating expenses  1.01.2-6.61.62.12.43.8 
EBITDA   [+]-0.9-2.4-0.31.8-0.41.6-2.8 
            EBITDA margin  -3.2%-10.2%-0.9%6.1%-2.0%5.3%-12.2% 
Depreciation  1.50.81.01.01.21.21.1 
EBITA  -2.4-3.2-1.30.8-1.60.4-4.00.0
            EBITA margin  -8.3%-13.5%-4.4%2.8%-7.5%1.4%-17.1% 
Amortization of intangibles  1.01.21.41.62.12.12.0 
EBIT   [+]-3.4-4.4-2.7-0.8-3.7-1.7-6.00.0
            EBIT margin  -11.8%-18.5%-9.0%-2.9%-17.3%-5.6%-25.8% 
Interest expense, net   [+]0.60.20.10.2-0.10.0-0.1 
Other income (expense), net   [+]-0.20.20.7-0.9-0.2-0.4-2.5 
Pre-tax income  -4.3-4.4-2.1-1.9-3.8-2.0-8.40.0
Income taxes  0.00.00.00.0-0.10.01.20.0
            Tax rate  0.0%0.0%0.0%0.0%2.3%0.0%  
Net income  -4.3-4.4-2.1-1.9-3.7-2.0-9.60.0
            Net margin  -14.7%-18.6%-7.2%-6.5%-17.5%-6.9%-41.5% 
   
Basic EPS   [+]($0.14)($0.14)($0.07)($0.07)($0.15)($0.08)($0.44) 
Diluted EPS   [+]($0.14)($0.14)($0.07)($0.07)($0.15)($0.08)($0.44) 
   
Shares outstanding (basic)   [+]31.231.230.926.424.424.121.8 
Shares outstanding (diluted)   [+]31.231.230.926.424.424.121.8 
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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