COMVERGE, INC. (COMV) [Rocket]

In millions, except per share items	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	S-1/A
Revenues:
ResidentialBusiness	77.4	67.6	60.5
C&IBusiness	59.0	51.8	38.3
Utility Products & Services					18.8	18.0
Residential Business				45.0	27.7	17.6
Other				32.2	8.7
Total revenues [+]	136.4	119.4	98.8	77.2	55.2	33.9	23.4	17.3
Products	22.6	23.2	20.7	17.9	14.8	12.7	11.3	12.1
Services	113.8	96.2	78.1	59.3	40.4	21.2	12.0	5.1
Revenue growth [+]	14.3%	20.8%	28.0%	40.0%	62.8%	45.1%	35.3%	12.1%
ResidentialBusiness	14.5%	11.8%
C&IBusiness	14.0%	35.0%
Utility Products & Services					4.5%
Residential Business				62.9%	57.5%
Cost of goods sold [+]	80.4	74.5	65.6	43.3	28.8	16.9	11.9	9.7
Cost of product sales	17.6	17.7	12.9	11.1	9.5	8.5	8.4	8.0
Cost of services	62.8	56.9	52.7	32.2	19.4	8.4	3.5	1.7
Gross profit	56.0	44.9	33.2	33.9	26.3	17.0	11.5	7.6
Gross margin	41.1%	37.6%	33.6%	43.9%	47.8%	50.1%	49.1%	44.0%
Selling, general and administrative [+]	61.1	57.4	55.5	50.2	31.9	21.8	18.3	15.6
Sales and marketing	20.1	18.0	17.7	15.7	9.8	7.9	6.9	7.3
General and administrative	41.0	39.4	37.8	34.5	22.1	13.9	11.3	8.3
Research and development	4.3	6.3	4.9	1.1	1.0	0.8	1.1	1.0
Other operating expenses	0.6	2.1	2.2	2.4	1.0	0.0	0.0
EBITDA [+]	-4.1	-14.7	-11.7	-12.3	-2.0	-2.9	-6.5	-8.0
EBITDA growth	-72.2%	25.3%	-4.4%	506.9%	-30.6%	-55.4%	-18.5%	6.0%
EBITDA margin	-3.0%	-12.3%	-11.9%	-15.9%	-3.7%	-8.6%	-28.0%	-46.5%
Depreciation	5.3	4.1	15.5	5.0	4.5	2.7	1.4	1.0
EBITA	-9.4	-18.8	-27.2	-17.3	-6.6	-5.6	-7.9	-9.0
EBITA margin	-6.9%	-15.8%	-27.5%	-22.4%	-11.9%	-16.6%	-33.8%	-52.3%
Amortization of intangibles	0.6	2.1	2.2	2.6	1.0	0.0	0.0
EBIT [+]	-10.1	-21.0	-29.4	-19.9	-7.5	-5.7	-7.9	-9.0
EBIT growth	-52.0%	-28.7%	48.0%	164.0%	33.0%	-28.6%	-12.2%	3.4%
EBIT margin	-7.4%	-17.6%	-29.8%	-25.7%	-13.6%	-16.7%	-33.9%	-52.3%
Non-recurring items [+]		9.9		75.4
Asset impairment		9.9		75.4
Interest expense, net [+]	2.7	0.9	2.1	0.0	-1.1	0.4	0.0	0.2
Interest expense	2.7	0.9	2.1	0.0		0.4	0.3	0.2
Interest income					1.1		0.2
Other income (expense), net	0.0	0.0	0.1	0.3	-0.1	-0.1	0.0	-0.1
Pre-tax income	-12.8	-31.7	-31.4	-95.0	-6.5	-6.1	-8.0	-9.3
Income taxes	0.1	-0.3	0.2	-0.9	0.1	0.0	0.0	0.0
Tax rate		1.1%		0.9%			0.0%	0.0%
Net income	-12.8	-31.4	-31.7	-94.1	-6.6	-6.2	-8.0	-9.3
Net margin	-9.4%	-26.3%	-32.0%	-121.8%	-12.0%	-18.2%	-34.2%	-53.6%

Basic EPS [+]	($0.52)	($1.27)	($1.45)	($4.45)	($0.46)	($1.89)	($2.63)	($3.17)
Growth	-59.5%	-12.6%	-67.3%	875.8%	-75.9%	-28.1%	-17.3%	90.2%
Diluted EPS [+]	($0.52)	($1.27)	($1.45)	($4.45)	($0.46)	($1.89)	($2.63)	($3.17)
Growth	-59.5%	-12.6%	-67.3%	875.8%	-75.9%	-28.1%	-17.3%	90.2%

Shares outstanding (basic) [+]	24.9	24.7	21.8	21.2	14.5	3.3	3.0	2.9
Growth	0.9%	13.2%	3.0%	46.0%	344.2%	7.3%	4.2%	-47.8%
Shares outstanding (diluted) [+]	24.9	24.7	21.8	21.2	14.5	3.3	3.0	2.9
Growth	0.9%	13.2%	3.0%	46.0%	344.2%	7.3%	4.2%	-47.8%

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