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AVANEX CORP (AVNX)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-08Jun-30-07Jun-30-06Jun-30-05Jun-30-04Jun-30-03Jun-30-02Jun-30-01
   10-K10-K10-K10-K10-K/A10-K10-K10-K
Total revenues  208.1212.8162.9160.7106.921.433.7131.2
            Revenue growth  -2.2%30.6%1.4%50.3%399.3%-36.4%-74.3%222.1%
Cost of goods sold  144.5174.6154.5165.3133.329.827.8110.8
Gross profit  63.638.28.5-4.6-26.3-8.45.920.5
            Gross margin  30.6%18.0%5.2%-2.8%-24.6%-39.3%17.5%15.6%
Selling, general and administrative   [+]16.715.313.216.819.85.914.727.4
Research and development  28.325.223.533.142.116.124.137.9
EBITDA   [+]5.8-26.4-39.3-63.2-97.7-30.1-27.4-85.5
            EBITDA margin  2.8%-12.4%-24.1%-39.4%-91.4%-140.3%-81.5%-65.1%
Depreciation  3.52.45.69.015.39.610.59.6
EBITA  2.3-28.8-44.9-72.2-113.0-39.6-37.9-95.1
            EBITA margin  1.1%-13.5%-27.6%-45.0%-105.6%-185.1%-112.6%-72.5%
Amortization of intangibles  0.82.75.45.74.60.210.59.7
EBIT   [+]1.5-31.5-50.3-78.0-117.5-39.8-48.4-104.8
            EBIT margin  0.7%-14.8%-30.9%-48.5%-109.9%-186.0%-143.7%-79.8%
Non-recurring items   [+]-0.21.0-3.227.43.828.122.127.3
Other income (expense), net  3.92.3-7.5-3.0-2.8-35.0-7.312.5
Pre-tax income  5.6-30.1-54.7-108.4-124.1-102.9-77.8-119.5
Income taxes  0.90.50.00.00.00.00.00.0
            Tax rate  16.4% 0.0%0.0%0.0%0.0%0.0%0.0%
Net income  4.7-30.6-54.7-108.4-124.1-102.9-77.8-119.5
            Net margin  2.3%-14.4%-33.6%-67.4%-116.0%-480.5%-230.9%-91.1%
   
Basic EPS   [+]$1,585,500.44($0.14)($0.35)($0.75)($0.95)($1.51)($1.21)($2.07)
Diluted EPS   [+]$21,638.99($0.14)($0.35)($0.75)($0.95)($1.51)($1.21)($2.07)
   
Shares outstanding (basic)   [+]0.0214.0158.2144.3130.668.464.357.6
Shares outstanding (diluted)   [+]0.0221.8158.2144.3130.668.464.357.6
   
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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