Financial Summary (All financials)
In millions, except per share items | Dec-31-03 | Dec-31-02 | Dec-31-01 |
Revenues | 67.7 | 67.0 | 70.9 |
Revenue growth | 1.0% | -5.5% | |
Cost of goods sold | 7.5 | 6.3 | 7.5 |
Gross profit | 60.2 | 60.7 | 63.4 |
Gross margin | 88.9% | 90.6% | 89.5% |
Sales and marketing | 36.0 | 37.2 | 49.1 |
Research and development | 18.4 | 19.2 | 22.7 |
General and administrative | 7.8 | 7.9 | 14.6 |
EBIT | -2.0 | -3.7 | -22.9 |
EBIT margin | -3.0% | -5.5% | -32.3% |
Pre-tax income | -3.8 | -4.9 | -34.4 |
Income taxes | 0.1 | 19.6 | -10.2 |
Tax rate | | | 29.7% |
Net income | -3.8 | -24.4 | -24.1 |
Net margin | -5.6% | -36.5% | -34.1% |
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Diluted EPS | ($0.08) | ($0.49) | ($0.47) |
Shares outstanding (diluted) | 47.6 | 49.9 | 51.4 |
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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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