MEADE INSTRUMENTS CORP (MEAD) [Rocket]

In millions, except per share items	Feb-28-13	Feb-29-12	Feb-28-11	Feb-28-10	Feb-28-09	Feb-29-08	Feb-28-07	Feb-28-06
	10-K	10-K	10-K	10-K/A	10-K	10-K	10-K	10-K/A
Net sales	17.4	21.6	26.3	23.3	28.6	63.7	101.5	119.8
Net sales growth	-19.3%	-18.0%	12.8%	-18.4%	-55.1%	-37.3%	-15.3%	7.2%
Cost of sales	15.1	16.3	20.4	18.4	27.1	60.7	84.1	90.3
Gross profit	2.4	5.3	5.9
Gross margin	100.0%	100.0%	100.0%
Selling expenses	1.7	2.4	2.5
General and administrative expenses	3.5	3.4	4.2
Research and development expenses	1.1	0.9	0.8
Release of warranty liability	-0.3
Operating loss	-3.6	-1.4	-1.5
Operating margin	100.0%	100.0%	100.0%
Interest expense	0.0	0.0
Loss before income taxes	-3.7	-1.4	-1.5	-3.7	-10.9	-20.7	-18.3	-4.9

Income tax expense (benefit)
Net loss	-3.7	-1.4	-1.4

Net loss per share - basic and diluted	($3.13)	($1.22)	($1.22)

Weighted average common shares outstanding - basic and diluted	1.2	1.2	1.2