Financial Summary (All financials)
In millions, except per share items | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 |
Revenues | 255.7 | 308.2 | 374.8 | 532.1 | 648.9 | 604.5 | 653.1 | 760.6 |
Revenue growth | -17.0% | -17.8% | -29.6% | -18.0% | 7.4% | -7.4% | -14.1% | -14.2% |
Cost of goods sold | 210.0 | 257.4 | 320.9 | 499.3 | 535.0 | 545.0 | 518.1 | 562.0 |
Gross profit | 45.7 | 50.8 | 53.9 | 32.8 | 113.9 | 59.4 | 135.0 | 198.5 |
Gross margin | 17.9% | 16.5% | 14.4% | 6.2% | 17.6% | 9.8% | 20.7% | 26.1% |
Sales and marketing | 32.2 | 35.8 | 49.1 | 64.3 | 70.4 | 73.1 | 80.0 | 87.1 |
Research and development | 11.3 | 14.1 | 18.0 | 20.8 | 28.9 | 33.2 | 37.8 | 36.2 |
General and administrative | 16.7 | 19.9 | 21.7 | 23.4 | 24.4 | 27.7 | 45.0 | 31.1 |
EBIT | -14.5 | -19.1 | -44.3 | -77.3 | -9.8 | -74.6 | -47.0 | 42.5 |
EBIT margin | -5.7% | -6.2% | -11.8% | -14.5% | -1.5% | -12.3% | -7.2% | 5.6% |
Pre-tax income | -21.9 | -25.6 | -61.2 | -79.9 | 6.2 | -106.0 | -52.9 | 27.7 |
Income taxes | 1.1 | 0.0 | 0.7 | -0.1 | -1.4 | 3.5 | 11.1 | 7.5 |
Tax rate | | 0.1% | | 0.1% | | | | 27.0% |
Net income | -23.0 | -25.6 | -61.9 | -79.8 | 7.6 | -109.5 | -64.0 | 20.2 |
Net margin | -9.0% | -8.3% | -16.5% | -15.0% | 1.2% | -18.1% | -9.8% | 2.7% |
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Diluted EPS | ($0.57) | ($0.64) | ($1.56) | ($2.02) | $0.19 | ($2.78) | ($1.63) | $0.51 |
Shares outstanding (diluted) | 40.3 | 40.0 | 39.7 | 39.6 | 40.4 | 39.4 | 39.3 | 39.8 |
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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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