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Income Statement
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BALQON CORP. (BLQN)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-13Dec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08Dec-31-07
   10-K10-K10-K10-K10-K10-K10-K
Revenues   [+]1.62.12.10.73.60.20.4
            Revenue growth  -22.5%-1.6%214.9%-81.2%1667.0%-46.8% 
Cost of goods sold  1.52.51.60.63.50.10.3
Gross profit  0.1-0.40.50.10.10.10.1
            Gross margin  7.2%-17.6%25.7%9.8%3.1%32.2%26.8%
Selling, general and administrative   [+]1.82.54.02.42.56.90.2
Research and development  0.10.30.60.30.20.0 
Other operating expenses   1.00.9 0.10.4 
EBITDA   [+]-1.8-4.1-5.0-2.6-2.6-7.3-0.1
            EBITDA margin  -109.5%-196.3%-233.4%-386.9%-71.8%-3579.4%-20.8%
Depreciation and amortization  0.00.00.60.10.10.00.0
EBIT   [+]-1.8-4.2-5.5-2.7-2.7-7.3-0.1
            EBIT margin  -110.1%-197.7%-260.0%-402.9%-74.5%-3594.1%-21.6%
Non-recurring items   [+] 0.2     
Interest expense      0.30.6 
Other income (expense), net   [+]-0.9-1.7-1.5-1.6   
Pre-tax income  -2.7-6.0-7.1-4.3-3.0-7.9-0.1
Income taxes  0.00.00.00.00.00.00.0
            Tax rate  0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net income  -2.7-6.0-7.1-4.3-3.0-7.9-0.1
            Net margin  -167.7%-287.9%-330.6%-634.8%-83.8%-3895.4%-21.6%
   
Basic EPS   [+]($0.07)($0.17)($0.20)($0.17)($0.12)$0.00$0.00
Diluted EPS   [+]($0.07)($0.17)($0.20)($0.17)($0.12)$0.00$0.00
   
Shares outstanding (basic)   [+]36.936.635.526.125.520.216.7
Shares outstanding (diluted)   [+]36.936.635.526.125.520.216.7
   
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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