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MICRUS ENDOVASCULAR CORP (MEND)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsMar-31-10Mar-31-09Mar-31-08Mar-31-07Mar-31-06Mar-31-05Mar-31-04Mar-31-03
   10-K10-K10-K10-K10-K10-K10-KS-1/A
Revenues:  
    Americas  50.144.137.631.617.413.38.9 
    United States  44.739.033.828.915.512.57.94.6
    Rest of the world  28.722.320.114.810.58.2  
    Europe  28.523.524.211.28.010.26.83.7
Total revenues  91.178.269.258.832.824.015.78.3
            Revenue growth   [+]16.5%13.0%17.7%79.4%36.5%52.9%89.5%119.8%
Cost of goods sold  22.420.817.315.49.78.05.73.6
Gross profit  68.757.351.943.423.116.010.04.7
            Gross margin  75.4%73.3%75.0%73.9%70.4%66.7%63.5%56.2%
Selling, general and administrative   [+]48.156.356.443.425.520.79.57.4
Research and development  10.410.213.77.96.62.42.91.8
EBITDA   [+]13.3-5.8-15.0-5.8-8.0-6.5-2.1-4.0
            EBITDA margin  14.6%-7.4%-21.6%-9.8%-24.4%-27.1%-13.1%-48.7%
Depreciation and amortization  3.13.43.22.11.00.50.40.5
EBIT   [+]10.2-9.2-18.2-7.9-9.0-7.0-2.5-4.6
            EBIT margin  11.1%-11.8%-26.2%-13.4%-27.4%-29.2%-15.8%-54.9%
Non-recurring items   [+] 0.5      
Interest income, net   [+]-0.10.21.21.61.30.10.10.1
Other income (expense), net  2.1-2.10.50.6-0.60.20.30.3
Pre-tax income  12.2-11.6-16.5-5.7-8.3-6.7-2.0-4.2
Income taxes  0.6-0.5-0.2-0.2-0.10.00.00.0
            Tax rate  5.2%4.3%1.2%4.3%1.0%0.0%0.0%0.0%
Net income  11.5-11.1-16.3-5.50.00.00.00.0
            Net margin  12.7%-14.1%-23.5%-9.3%0.0%0.0%0.0%-0.1%
   
Basic EPS   [+]   ($0.38)($0.79)($5.22)($2.02)($3.82)
Diluted EPS   [+]   ($0.38)($0.79)($5.22)($2.02)($3.82)
   
Shares outstanding (basic)   [+]   14.60.00.00.00.0
Shares outstanding (diluted)   [+]   14.60.00.00.00.0
   
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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