OVERLAND STORAGE INC (OVRL) [Rocket]

In millions, except per share items	Jun-30-14	Jun-30-13	Jun-30-12	Jun-30-11	Jul-03-10	Jun-27-10	Jun-27-09	Jun-27-08
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Service	17.3	19.2
Spare parts and other					6.2		10.6	13.7
Other	48.4	28.8			71.5		95.1	114.0
Total revenues [+]	65.7	48.0	59.6	70.2	77.7		105.6	127.7
Royalties				0.3			0.8	1.1
Products	48.4	28.8	35.4	45.7			80.7	106.0
Services	17.3	19.2	24.3	24.2			24.1	20.6
Revenue growth [+]	36.8%	-19.5%	-15.1%	-9.6%	-26.5%		-17.3%	-20.4%
Service	-9.6%
Spare parts and other					-41.5%		-23.0%	6.4%
Cost of goods sold [+]	45.4	31.2	40.5	49.0	56.3		76.5	99.6
Cost of product sales	38.2	25.0	30.3	38.1			65.3	88.2
Cost of services	7.2	6.3	10.1	10.9			11.2	11.4
Gross profit	20.3	16.8	19.2	21.2	21.4		29.2	28.1
Gross margin	30.9%	35.0%	32.1%	30.2%	27.5%		27.6%	22.0%
Selling, general and administrative [+]	38.1	29.2	28.0	29.2	29.9		36.7	41.7
Sales and marketing	18.4	17.6	16.2	16.4	18.0		26.3	31.6
General and administrative	19.7	11.6	11.8	12.7	11.9		10.4	10.1
Research and development	6.2	6.5	8.1	7.7	5.8		9.3	9.3
EBITDA [+]	-21.4	-17.6	-15.4	-14.1			-15.2	-18.2
EBITDA growth	21.1%	14.4%	9.6%	-2.1%	-5.4%		-16.6%	-40.9%
EBITDA margin	-32.5%	-36.7%	-25.8%	-20.0%	-18.5%		-14.4%	-14.3%
Depreciation	1.0	0.5	0.5	0.4			1.7	4.8
EBITA	-22.4	-18.2	-15.9	-14.5	-14.4		-16.8	-23.0
EBITA margin	-34.0%	-37.8%	-26.7%	-20.7%	-18.5%		-15.9%	-18.0%
Amortization of intangibles	1.6	0.7	1.1	1.1
EBIT [+]	-24.0	-18.9	-17.0	-15.6	-14.4		-16.8	-23.0
EBIT growth	26.9%	10.9%	9.1%	8.6%	-14.8%		-26.8%	-36.8%
EBIT margin	-36.5%	-39.3%	-28.5%	-22.2%	-18.5%		-15.9%	-18.0%
Non-recurring items [+]								7.4
Asset impairment								7.4
Interest expense, net [+]	1.2	0.6	-0.3	1.1	1.5		0.4	-0.8
Interest expense	1.2	0.6	0.1	1.1	1.5		0.6	0.0
Interest income			0.4		0.1		0.2	0.8
Other income (expense), net [+]	-0.3	0.0	0.7	2.5	1.0		-0.8	-2.0
Other	-0.3	0.0	0.7	2.5
Pre-tax income	-25.5	-19.5	-16.1	-14.2	-14.8		-18.0	-31.6
Income taxes	-2.6	0.2	0.1	0.3	-1.8		0.0	0.4
Tax rate	10.0%				12.4%
Net income	-22.9	-19.6	-16.2	-14.5	0.0		0.0	0.0
Net margin	-34.9%	-40.9%	-27.1%	-20.7%	0.0%		0.0%	0.0%

Basic EPS [+]	($1.99)	($3.41)	($0.66)	($0.94)	($2.04)		($4.23)	($7.53)
Growth	-41.4%	416.1%	-29.7%	-54.0%	-51.8%		-43.8%	118.5%
Diluted EPS [+]	($1.99)	($3.41)	($0.66)	($0.94)	($2.04)		($4.23)	($7.53)
Growth	-41.4%	416.1%	-29.7%	-54.0%	-51.8%		-43.8%	118.5%

Shares outstanding (basic) [+]	11.5	5.8	24.5	15.5	0.0		0.0	0.0
Growth	99.2%	-76.4%	58.5%	240622.9%	50.8%		0.1%	-100.0%
Shares outstanding (diluted) [+]	11.5	5.8	24.5	15.5	0.0		0.0	0.0
Growth	99.2%	-76.4%	58.5%	240622.9%	50.8%		0.1%	-100.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.