Chazak Value Corp. (CARD) [Rocket]

In millions, except per share items	Dec-31-06	Dec-31-05	Dec-31-04	Dec-31-03
	10-K	10-K	10-K	10-K
Revenues:
United Kingdom	2.2	2.4	2.9	2.9
Europe	0.5	0.7	0.7	0.6
United States	0.3	0.4	0.5	0.9
Rest of world	0.2	0.1	0.2	0.4
Total revenues	3.3	3.6	4.4	4.8
Revenue growth [+]	-8.4%	-17.7%	-8.1%
United Kingdom	-7.5%	-17.8%	2.7%
Europe	-20.7%	-0.9%	14.6%
United States	-12.3%	-26.3%	-37.9%
Rest of world	55.8%	-46.4%	-49.7%
Cost of goods sold	1.5	1.7	2.0	2.3
Gross profit	1.8	2.0	2.4	2.5
Gross margin	55.1%	54.1%	54.3%	51.6%
Selling, general and administrative [+]	2.8	3.2	4.0	4.6
Sales and marketing	1.0	1.2	1.7	1.8
General and administrative	1.7	2.0	2.3	2.7
Research and development	0.6	0.6	0.7	0.6
Other operating expenses			0.0	0.0
EBITDA [+]	-1.5	-1.8	-2.2	-2.5
EBITDA growth	-14.8%	-19.6%	-12.0%
EBITDA margin	-45.8%	-49.2%	-50.4%	-52.7%
Depreciation	0.0	0.1	0.1	0.2
EBITA	-1.6	-1.9	-2.3	-2.7
EBITA margin	-46.8%	-51.4%	-53.1%	-55.9%
Amortization of intangibles			0.0	0.0
EBIT [+]	-1.6	-1.9	-2.4	-2.7
EBIT growth	-16.5%	-21.7%	-12.5%
EBIT margin	-46.8%	-51.4%	-54.0%	-56.7%
Non-recurring items [+]		0.8
Asset impairment		0.8
Interest expense, net [+]	0.0	0.0	0.0	0.0
Interest expense	0.0	0.0	0.0	0.0
Interest income	0.0	0.0	0.0	0.0
Other income (expense), net	0.5	0.4	-2.5	1.1
Pre-tax income	-1.1	-2.3	-4.9	-1.6
Income taxes	-7.4	-0.3	0.0	0.0
Tax rate	677.1%	11.3%	0.0%	0.0%
Net income	6.3	-2.0	-4.9	-1.6
Net margin	189.1%	-56.2%	-110.6%	-33.3%

Basic EPS [+]	$0.00	($0.08)	($0.20)	($0.07)
Growth	-100.3%	-58.3%	202.3%
Diluted EPS [+]	$0.00	($0.08)	($0.20)	($0.07)
Growth	-100.3%	-58.3%	202.3%

Shares outstanding (basic) [+]	24,940.9	24.8	24.7	24.5
Growth	100598.8%	0.3%	0.9%
Shares outstanding (diluted) [+]	24,940.9	24.8	24.7	24.5
Growth	100598.8%	0.3%	0.9%

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