ENER1 INC (HEV) [Rocket]

In millions, except per share items	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07
	10-K	10-K	10-K	10-K
Revenues:
Battery	77.3	34.6	6.7	0.1
Intersegment transfers	0.2
Fuel Cell	0.1	0.0	0.0	0.2
Unallocated	0.0	0.2	0.1
Total revenues	77.4	34.8	6.8	0.3
Revenue growth [+]	122.4%	408.2%	2345.7%
Battery	123.5%	413.7%	6563.4%
Fuel Cell	1200.0%	-78.8%	-81.6%
Unallocated	-83.2%	158.8%
Cost of goods sold	63.5	30.7	4.7	0.0
Gross profit	13.9	4.1	2.2	0.3
Gross margin	17.9%	11.7%	31.9%	100.0%
Selling, general and administrative [+]	29.2	17.7	11.6	8.3
General and administrative	29.2	17.7	11.6	8.3
Research and development	30.8	30.8	22.9	11.9
Other operating expenses	-0.3			0.6
EBITDA [+]	-42.1	-41.8	-31.9	-20.5
EBITDA growth	0.8%	31.0%	55.4%
EBITDA margin	-54.4%	-120.0%	-465.6%	-7327.1%
Depreciation and amortization	9.8	7.7	2.0	0.5
EBIT [+]	-51.9	-49.4	-33.9	-21.0
EBIT growth	5.0%	45.8%	61.1%
EBIT margin	-67.1%	-142.1%	-495.1%	-7516.4%
Interest expense, net [+]				30.1
Interest expense				30.2
Interest income				0.1
Other income (expense), net	-16.9	-2.1	-17.4	-11.6
Pre-tax income	-68.8	-51.5	-51.3	-62.7
Income taxes	0.0	0.0	-0.2	0.0
Tax rate			0.4%	0.0%
Minority interest	0.0	0.5	-1.3	1.2
Net income	-68.8	-51.0	-52.5	-63.9
Net margin	-88.9%	-146.6%	-766.1%	-22835.0%

Basic EPS [+]	($0.48)	($0.44)	($0.51)	($0.93)
Growth	10.9%	-13.8%	-45.5%
Diluted EPS [+]	($0.48)	($0.44)	($0.51)	($0.93)
Growth	9.0%	-13.9%	-45.5%

Shares outstanding (basic) [+]	141.9	116.7	103.4	68.7
Growth	21.6%	12.8%	50.5%
Shares outstanding (diluted) [+]	144.4	116.7	103.4	68.7
Growth	23.7%	12.9%	50.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.