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Income Statement
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GALAXY NUTRITIONAL FOODS INC (GXYF)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsMar-31-08Mar-31-07Mar-31-06Mar-31-05
   10-K10-K10-K10-K
Revenues  25.227.237.844.5
            Revenue growth  -7.3%-28.1%-15.1% 
Cost of goods sold  15.716.228.134.7
Gross profit  9.510.99.69.8
            Gross margin  37.8%40.3%25.5%22.0%
Selling, general and administrative   [+]6.07.110.39.5
Research and development  0.30.20.30.3
EBITDA   [+]1.81.1-21.4-0.6
            EBITDA margin  7.3%4.0%-56.7%-1.4%
Depreciation and amortization  0.00.11.52.2
EBIT   [+]1.80.9-22.9-2.8
            EBIT margin  7.2%3.4%-60.7%-6.3%
Non-recurring items  0.00.00.00.0
Interest expense  0.50.71.61.1
Other income (expense), net    24.53.9
Pre-tax income  1.40.10.00.0
Income taxes  0.00.00.00.0
            Tax rate  0.9%0.0%  
Net income  1.30.10.00.0
            Net margin  5.3%0.5%0.0%0.0%
   
Basic EPS   [+]$0.08$0.01  
Diluted EPS   [+]$0.07$0.01  
   
Shares outstanding (basic)   [+]16.714.6  
Shares outstanding (diluted)   [+]19.114.6  
   
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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