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FOCUS ENHANCEMENTS INC (FCSE)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-07Dec-31-06Dec-31-05Dec-31-04Dec-31-03Dec-31-02
   10-K10-K10-K10-K10-K10-K/A
Revenues:  
    Systems  24.725.021.116.614.014.4
    United States  17.615.616.714.421.112.8
    Europe  7.16.23.92.41.71.5
    Semiconductor  5.312.43.43.512.62.9
Total revenues  30.037.524.620.026.617.3
            Revenue growth   [+]-20.0%52.7%22.7%-24.7%53.5% 
Cost of goods sold  16.720.315.513.517.510.9
Gross profit  13.317.29.06.59.16.5
            Gross margin  44.4%45.9%36.8%32.5%34.2%37.3%
Selling, general and administrative   [+]13.313.110.78.06.17.0
Research and development  15.912.712.88.64.34.0
EBITDA   [+]-15.0-7.6-13.7-9.6-1.0-4.4
            EBITDA margin  -50.0%-20.4%-55.6%-48.1%-3.8%-25.5%
Depreciation  0.91.00.80.40.20.6
EBITA  -15.8-8.6-14.5-10.0-1.2-5.0
            EBITA margin  -52.8%-22.9%-59.0%-50.1%-4.6%-29.1%
Amortization of intangibles  0.20.50.50.90.50.6
EBIT   [+]-16.0-9.1-15.0-10.9-1.7-5.6
            EBIT margin  -53.3%-24.2%-61.2%-54.4%-6.6%-32.6%
Non-recurring items     0.3 0.1
Interest expense  1.31.40.30.10.20.2
Other income (expense), net  0.0-5.4-0.10.00.20.0
Pre-tax income  -17.3-15.9-15.4-11.3-1.7-6.0
Income taxes  0.00.10.0-0.30.00.0
            Tax rate    0.1%2.5% 0.2%
Net income  -17.4-15.9-15.4-11.0-1.7-6.0
            Net margin  -57.9%-42.5%-62.6%-54.9%-6.4%-34.4%
   
Basic EPS   [+]($221.81)($230.53)($249.22)($219.36)($43.40)($166.88)
Diluted EPS   [+]($221.81)($230.53)($249.22)($219.36)($43.40)($166.88)
   
Shares outstanding (basic)   [+]0.10.10.10.10.00.0
Shares outstanding (diluted)   [+]0.10.10.10.10.00.0
   
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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