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BAXANO SURGICAL, INC. (BAXS)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-13Dec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08Dec-31-07Dec-31-06
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    United States      28.023.315.15.5
    Europe      1.61.91.20.4
    Other      0.20.10.2 
Total revenues  18.614.619.226.229.825.316.55.8
            Revenue growth   [+]27.5%-23.9%-26.8%-12.3%17.8%53.6%183.4%295.6%
Cost of goods sold  5.64.34.67.15.74.33.01.6
Gross profit  12.910.314.619.124.121.013.44.2
            Gross margin  69.7%70.4%76.2%72.8%80.9%82.9%81.5%72.8%
Selling, general and administrative   [+]33.726.227.534.841.336.519.510.5
Research and development  6.95.55.24.26.44.13.94.2
Other operating expenses  0.06.0      
EBITDA   [+]-25.6-26.3-17.4-19.3-22.7-18.8-9.4-10.2
            EBITDA margin  -138.0%-180.5%-90.8%-73.7%-76.1%-74.2%-57.2%-176.0%
Depreciation  1.71.10.70.70.90.80.50.2
EBITA  -27.4-27.4-18.0-20.0-23.6-19.6-10.0-10.5
            EBITA margin  -147.3%-188.3%-94.2%-76.5%-79.2%-77.4%-60.5%-180.1%
Amortization of intangibles  0.3       
EBIT   [+]-27.7-27.4-18.0-20.0-23.6-19.6-10.0-10.5
            EBIT margin  -148.9%-188.3%-94.2%-76.5%-79.2%-77.4%-60.5%-180.1%
Non-recurring items   [+]3.82.30.2     
Interest income, net   [+]-0.40.0    1.40.9
Other income (expense), net   [+]-0.2-0.10.00.50.42.5 0.1
Pre-tax income  -32.0-29.9-18.3-19.5-23.2-17.0-8.6-9.5
Income taxes  0.00.00.00.00.00.00.00.0
            Tax rate  0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net income  -32.0-29.9-18.3-19.5-23.2-17.0-8.6-9.5
            Net margin  -172.3%-205.1%-95.4%-74.7%-77.8%-67.3%-52.1%-163.1%
   
Basic EPS   [+]($0.85)($1.10)($0.81)($0.94)($1.13)($0.84)($1.46)($3.91)
Diluted EPS   [+]($0.85)($1.10)($0.81)($0.94)($1.13)($0.84)($1.46)($3.91)
   
Shares outstanding (basic)   [+]37.927.322.620.720.620.35.92.4
Shares outstanding (diluted)   [+]37.927.322.620.720.620.35.92.4
   
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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