Financial Summary (All financials)
In millions, except per share items | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 |
Revenues | 45.3 | 36.4 | 28.3 | 30.2 | 28.2 | 26.4 | 12.7 | 9.6 |
Revenue growth | 24.4% | 28.5% | -6.2% | 7.1% | 6.8% | 107.6% | 33.0% | 886.2% |
Cost of goods sold | 6.9 | 6.4 | 6.0 | 30.2 | 8.4 | 27.0 | 7.6 | 5.5 |
Gross profit | 38.4 | 30.0 | 22.3 | 0.0 | 19.8 | -0.5 | 5.1 | 4.1 |
Gross margin | 84.7% | 82.4% | 78.8% | 0.2% | 70.3% | -2.0% | 40.3% | 43.0% |
Sales and marketing | 15.4 | 13.2 | 12.9 | 13.1 | 13.3 | 12.6 | 9.1 | 7.6 |
Research and development | 5.3 | 4.9 | 4.3 | 6.6 | 6.0 | 6.2 | 5.6 | 6.5 |
General and administrative | 10.0 | 9.1 | 8.0 | 9.2 | 10.3 | 11.2 | 6.7 | 7.2 |
EBIT | 7.8 | 2.7 | -2.8 | -6.2 | -9.2 | -14.8 | -16.2 | -17.2 |
EBIT margin | 17.1% | 7.5% | -10.0% | -20.7% | -32.5% | -56.2% | -127.6% | -179.9% |
Pre-tax income | 6.8 | 2.6 | -2.9 | 0.0 | -14.7 | -31.3 | -15.0 | -15.6 |
Income taxes | -0.5 | -0.1 | -0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | | | 5.6% | | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | 7.3 | 2.7 | -2.5 | 0.0 | -14.7 | -31.3 | -15.0 | -15.6 |
Net margin | 16.2% | 7.4% | -8.9% | 0.0% | -52.1% | -118.7% | -117.9% | -163.4% |
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Diluted EPS | $0.26 | $0.10 | ($0.11) | $0.00 | ($0.73) | ($1.65) | ($0.89) | ($0.96) |
Shares outstanding (diluted) | 26.4 | 24.8 | 24.1 | 24.1 | 20.3 | 19.0 | 16.9 | 16.3 |
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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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