Financial Summary (All financials)
In millions, except per share items | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 |
Revenues | 213.3 | 170.2 | 134.3 | 106.6 | 87.1 | 73.7 | 62.0 | 60.6 |
Revenue growth | 25.3% | 26.7% | 26.0% | 22.4% | 18.1% | 18.9% | 2.4% | |
Cost of goods sold | 92.4 | 72.9 | 55.5 | 41.4 | 33.7 | 29.7 | 30.8 | 33.0 |
Gross profit | 120.8 | 97.2 | 78.8 | 65.3 | 53.3 | 44.1 | 31.3 | 27.5 |
Gross margin | 56.7% | 57.1% | 58.7% | 61.2% | 61.3% | 59.8% | 50.4% | 45.5% |
Sales and marketing | 33.8 | 28.0 | 25.2 | 21.2 | 16.0 | 14.4 | 12.7 | 13.6 |
Research and development | 37.5 | 25.5 | 20.1 | 18.2 | 14.3 | 12.4 | 10.6 | 10.7 |
General and administrative | | | | | 14.8 | 13.2 | 10.1 | 10.4 |
EBIT | 13.5 | 16.9 | 13.3 | 9.3 | 8.1 | 4.0 | -2.2 | -7.1 |
EBIT margin | 6.3% | 9.9% | 9.9% | 8.7% | 9.4% | 5.4% | -3.5% | -11.8% |
Pre-tax income | 13.4 | 21.2 | 20.0 | 12.1 | 1.2 | 4.3 | -6.2 | -6.5 |
Income taxes | 5.4 | 7.4 | -9.2 | -0.2 | -2.2 | 2.4 | 0.4 | 0.4 |
Tax rate | 40.1% | 34.7% | | | | 56.1% | | |
Net income | 8.0 | 13.8 | 29.2 | 12.3 | 0.0 | 0.0 | 0.0 | -15.0 |
Net margin | 3.8% | 8.1% | 21.7% | 11.6% | 0.0% | 0.0% | 0.0% | -24.8% |
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Diluted EPS | $0.18 | $0.32 | $0.72 | $0.35 | $0.10 | ($0.43) | ($4.23) | ($5.05) |
Shares outstanding (diluted) | 44.4 | 43.9 | 40.7 | 35.7 | 0.0 | 0.0 | 0.0 | 3.0 |
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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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