Prosoft Learning CORP (POSO) [Rocket]

In millions, except per share items	Jul-31-04	Jul-31-03	Jul-31-02	Jul-31-01	Jul-31-00
	10-K	10-K	10-K	10-K/A	10-K/A
Revenues:
United States				29.2	18.0
Foreign				2.2	1.6
Total revenues	8.0	12.0	17.9	31.4	19.6
Revenue growth [+]	-33.0%	-32.9%	-43.0%	60.6%
United States				62.6%
Foreign				37.4%
Cost of goods sold	2.7	4.4	9.1	14.5	9.9
Gross profit	5.4	7.6	8.8	17.0	9.7
Gross margin	66.5%	63.3%	49.0%	54.0%	49.5%
Selling, general and administrative [+]	5.5	7.7	12.4	15.5	6.4
Sales and marketing	2.6	3.6	6.7	7.5	2.3
General and administrative	2.9	4.1	5.7	8.0	4.2
Other operating expenses	1.1	1.9	7.5	5.7	2.2
EBITDA [+]	-0.8	-0.9	-5.3	-0.4	2.0
EBITDA growth	-13.4%	-82.9%	1196.1%	-119.9%
EBITDA margin	-9.7%	-7.5%	-29.4%	-1.3%	10.4%
Depreciation and amortization	0.5	1.1	5.8	3.9	1.0
EBIT [+]	-1.3	-2.0	-11.1	-4.3	1.1
EBIT growth	-37.5%	-81.7%	159.4%	-502.3%
EBIT margin	-15.7%	-16.8%	-61.8%	-13.6%	5.4%
Non-recurring items			30.3	0.7	-0.4
Interest expense, net [+]	0.3	0.3	0.2	-0.4	0.2
Interest expense	0.3	0.3	0.2	0.0	0.4
Interest income	0.0	0.0	0.1	0.4	0.2
Pre-tax income	-1.6	-2.3	-41.5	-4.6	1.2
Income taxes	0.0	0.0	0.9	-0.4	-0.4
Tax rate	0.0%	0.0%		8.8%
Net income	-1.6	-2.3	-42.5	-4.2	1.6
Net margin	-19.5%	-19.2%	-236.9%	-13.3%	8.3%

Basic EPS [+]	($0.06)	($0.10)	($1.77)	($0.18)	$0.09
Growth	-32.2%	-94.6%	878.7%	-291.6%
Diluted EPS [+]	($0.06)	($0.10)	($1.77)	($0.18)	$0.08
Growth	-32.2%	-94.6%	878.7%	-326.6%

Shares outstanding (basic) [+]	24.2	24.2	24.0	23.1	17.3
Growth	0.1%	0.8%	4.1%	33.3%
Shares outstanding (diluted) [+]	24.2	24.2	24.0	23.1	20.5
Growth	0.1%	0.8%	4.1%	12.8%

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