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PROGRESSIVE GAMING INTERNATIONAL CORP (PGIC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-07Dec-31-06Dec-31-05Dec-31-04Dec-31-03Dec-31-02Dec-31-01
   10-K10-K10-K10-K/A10-K10-K10-K
Revenues:  
    Systems     35.814.09.47.0
    North America  42.838.440.183.076.191.294.8
    Other  28.216.39.3 1.88.83.0
Total revenues  71.054.749.496.491.8109.4104.7
            Revenue growth   [+]29.8%10.6%-48.7%5.0%-16.1%4.4% 
Cost of goods sold  32.127.728.142.946.858.647.9
Gross profit  38.927.021.353.545.050.856.8
            Gross margin  54.8%49.3%43.1%55.5%49.0%46.4%54.2%
Selling, general and administrative  32.937.124.927.630.331.029.1
Research and development  10.611.07.26.15.24.23.8
EBITDA   [+]-4.7-21.0-1.218.63.8-6.618.1
            EBITDA margin  -6.6%-38.5%-2.3%19.3%4.2%-6.1%17.3%
Depreciation  1.51.31.17.011.59.27.4
EBITA  -6.2-22.4-2.311.6-7.7-15.810.8
            EBITA margin  -8.7%-40.9%-4.6%12.0%-8.4%-14.4%10.3%
Amortization of intangibles  5.95.60.91.92.83.34.7
EBIT   [+]-12.1-27.9-3.29.7-10.5-19.16.0
            EBIT margin  -17.0%-51.1%-6.5%10.0%-11.4%-17.5%5.8%
Interest expense  10.47.88.59.514.315.711.7
Other income (expense), net  -3.3 -3.0 -9.40.4-1.5
Pre-tax income  -25.8-35.8-14.70.2-34.2-34.4-7.2
Income taxes  1.30.00.0-0.10.01.50.8
            Tax rate   0.0%0.0% 0.0%  
Earnings from continuing ops  -27.1-35.8-14.70.3-34.2-35.9-8.1
Earnings from discontinued ops  -67.4-0.98.7  -2.0-1.6
Net income  -94.5-36.6-6.00.3-34.2-37.9-9.7
            Net margin  -133.2%-67.0%-12.1%0.3%-37.3%-34.7%-9.3%
   
Basic EPS   [+]($0.68)($1.04)($0.59)$0.01($2.33)($2.80)($0.69)
Diluted EPS   [+]($0.68)($1.04)($0.59)$0.01($2.33)($2.80)($0.69)
   
Shares outstanding (basic)   [+]40.034.525.121.914.712.811.8
Shares outstanding (diluted)   [+]40.034.525.122.414.712.811.8
   
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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