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Income Statement
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Cash Flow Statement

Common Size IS
Op Efficiency
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GVI SECURITY SOLUTIONS INC (GVSS)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-08Dec-31-07Dec-31-06Dec-31-05Dec-31-04Dec-31-03Dec-31-02Dec-31-01
   10-K10-K10-K10-K10-KS-1/AS-1/AS-1/A
Revenues  47.345.044.040.835.825.015.711.0
            Revenue growth  5.1%2.4%7.8%14.0%42.9%59.3%42.5% 
Cost of goods sold  33.232.237.434.830.819.712.28.6
Gross profit  14.212.86.66.04.95.33.52.4
            Gross margin  30.0%28.4%15.0%14.6%13.8%21.3%22.4%21.6%
Selling, general and administrative  11.610.313.515.213.67.35.03.0
EBIT   [+]2.62.5-6.9-9.4-8.817.810.78.0
            EBIT margin  5.6%5.5%-15.7%-23.0%-24.7%71.0%68.4%72.7%
Non-recurring items   [+]  1.0     
Interest expense, net   [+]0.71.05.91.30.7   
Other income (expense), net  0.10.2-2.7-2.31.2-17.6-9.6-7.8
Pre-tax income  2.01.7-16.5-12.9-8.30.11.20.2
Income taxes  0.7-0.90.00.1-1.1-1.10.10.0
            Tax rate  35.2% 0.0% 13.4% 4.7%0.0%
Earnings from continuing ops  1.32.6-16.5-13.0-7.21.31.10.2
Earnings from discontinued ops   0.2-2.7-2.31.22.32.91.0
Net income  1.32.6-16.5-13.0-7.21.31.10.2
            Net margin  2.7%5.9%-37.5%-31.9%-20.1%5.0%7.2%1.8%
   
Basic EPS   [+]$0.05$0.09($4.46)($12.99)($11.91)$0.04$0.04$0.01
Diluted EPS   [+]$0.04$0.08($4.46)($12.99)($11.91)$0.04$0.04$0.01
   
Shares outstanding (basic)   [+]28.228.03.71.00.631.428.420.0
Shares outstanding (diluted)   [+]31.533.63.71.00.631.428.420.0
   
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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