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RAE SYSTEMS INC (RAE)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-10Dec-31-09Dec-31-08Dec-31-07Dec-31-06Dec-31-05Dec-31-04Dec-31-03
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Americas  47.434.938.537.032.833.9  
    Asia  24.325.629.142.126.019.9  
    Europe  15.414.515.511.78.96.5  
Total revenues  87.175.083.090.867.760.345.531.4
            Revenue growth   [+]16.1%-9.7%-8.6%34.1%12.3%32.4%45.2%43.7%
Cost of goods sold  34.835.438.944.432.224.718.512.1
Gross profit  52.339.644.146.435.535.627.019.3
            Gross margin  60.1%52.8%53.2%51.1%52.5%59.0%59.3%61.4%
Selling, general and administrative   [+]39.237.539.143.232.329.819.112.5
Research and development  7.16.05.98.06.15.44.43.0
Equity in earnings         -0.3
Other operating expenses     -0.6 2.0  
EBITDA   [+]7.7-1.71.5-0.50.30.64.54.2
            EBITDA margin  8.9%-2.2%1.8%-0.5%0.5%0.9%9.9%13.5%
Depreciation and amortization  1.72.22.43.73.22.11.00.8
EBIT   [+]6.0-3.9-0.9-4.2-2.9-1.63.53.5
            EBIT margin  6.9%-5.2%-1.1%-4.6%-4.2%-2.6%7.7%11.1%
Non-recurring items   [+]  3.3     
Interest income, net   [+]-0.1-0.3-0.2-0.50.50.50.30.0
Other income (expense), net  -0.30.2-0.70.10.0-0.2-0.20.0
Pre-tax income  5.6-4.1-5.2-4.7-2.3-1.33.73.4
Income taxes  0.3-0.80.55.9-0.9-0.51.00.7
            Tax rate  5.3%19.7%  38.3%36.7%26.8%20.5%
Minority interest  3.31.00.20.00.00.1  
Earnings from continuing ops  5.3-3.3-5.7-10.5-1.3-0.92.72.7
Earnings from discontinued ops  -11.2-3.5-1.7-4.2-0.2   
Net income  -5.9-6.7-7.4-14.7-1.5-0.92.72.7
            Net margin  -6.8%-9.0%-8.9%-16.2%-2.2%-1.5%5.9%8.7%
   
Basic EPS   [+]$88.71($54.86)($96.60)($0.18)($0.02)($0.02)$0.05$0.06
Diluted EPS   [+]$88.51($54.86)($96.60)($0.18)($0.02)($0.02)$0.04$0.06
   
Shares outstanding (basic)   [+]0.10.10.158.958.457.755.846.2
Shares outstanding (diluted)   [+]0.10.10.158.958.457.760.149.2
   
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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