Convio, Inc. (CNVO) [Rocket]

In millions, except per share items	Dec-31-11	Sep-30-11	Jun-30-11	Mar-31-11	Dec-31-10	Sep-30-10	Jun-30-10	Mar-31-10
	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q
Revenues:
Subscription	12.8	12.4	12.0		11.8	11.6	11.5
Services	5.0	4.7	4.0		3.2	3.1	2.9
Other	2.6	3.9	4.7		2.0	3.2	3.9
Total revenues [+]	20.4	21.0	20.7	0.0	17.0	17.9	18.2	0.0
Services	5.0	4.7	4.0		3.2	3.1	2.9
Subscription	12.8	12.4	12.0		11.8	11.6	11.5
Other	2.6	3.9	4.7		2.0	3.2	3.9
Revenue growth [+]	20.1%	17.8%	13.4%		7.6%	10.0%	11.0%	-100.0%
Subscription	8.4%	6.9%	4.8%
Services	56.3%	54.4%	36.9%
Cost of goods sold	8.2	8.0	7.6	0.1	6.3	6.5	6.4	0.1
Gross profit	12.2	13.0	13.1	-0.1	10.6	11.4	11.8	-0.1
Gross margin	60.0%	61.8%	63.2%		62.7%	63.6%	64.8%
Selling, general and administrative [+]	9.2	8.7	8.8	0.4	7.9	6.7	7.5	0.3
Sales and marketing	6.6	6.3	6.5	0.2	6.1	5.1	5.9	0.2
General and administrative	2.6	2.4	2.3	0.2	1.8	1.7	1.6	0.2
Research and development	2.7	2.7	2.6	0.1	2.7	2.7	2.6	0.1
Other operating expenses	0.3	0.3	0.2	-0.6	0.2	0.2	0.2	-0.5
Adjusted EBITDA	2.1	3.3	3.6	1.5	1.1	2.9	2.8	1.5
Adjusted EBITDA margin	10.3%	15.6%	17.6%		6.4%	16.3%	15.3%
Stock-based compensation	0.7	0.6	1.1	0.6	0.5	0.5	0.5	0.5
EBITDA [+]	1.4	2.6	2.6	0.9	0.6	2.4	2.2	1.0
EBITDA growth	129.2%	8.8%	14.7%	-8.1%	105.3%	30.8%	5.2%	-422.2%
EBITDA margin	7.0%	12.5%	12.4%		3.7%	13.5%	12.3%
Depreciation	0.8	0.9	0.7	0.6	0.6	0.5	0.5	0.6
EBITA	0.6	1.8	1.8	0.3	0.0	1.9	1.7	0.4
EBITA margin	2.9%	8.4%	8.9%		0.2%	10.5%	9.3%
Amortization of intangibles	0.5	0.5	0.4	0.3	0.2	0.2	0.2	0.4
EBIT [+]	0.1	1.3	1.5	0.0	-0.2	1.7	1.5	0.0
EBIT growth	-184.4%	-22.8%	-2.9%		-82.7%	149.9%	54.7%	-100.0%
EBIT margin	0.6%	6.2%	7.1%		-0.9%	9.4%	8.3%
Interest income, net [+]	0.0	0.0	0.0		0.0	0.0	0.0
Interest expense					0.0	0.0	0.1
Interest income	0.0	0.0	0.0		0.0	0.0	0.0
Other income (expense), net [+]	0.0	0.0			0.1		0.5
Other depreciation and amortization	0.3	0.3	0.2		0.2	0.2	0.2
Other	0.0	0.0			0.1		0.5
Pre-tax income	0.2	1.3	1.5	0.0	-0.1	1.7	1.9	0.0
Income taxes	-12.3	0.2	0.2	0.0	-0.1	0.2	0.2	0.0
Tax rate		15.2%	10.8%		185.5%	11.5%	11.5%
Net income	12.5	1.1	1.3	0.0	0.2	1.5	1.5	0.0
Net margin	61.2%	5.3%	6.4%		1.2%	8.4%	8.3%

Basic EPS [+]	$0.69	$0.06	$0.07		$0.01	$0.09	$0.11
Growth	4720.8%	-29.0%	-30.8%		-106.7%	32.9%	-99.9%
Diluted EPS [+]	$0.64	$0.06	$0.07		$0.01	$0.08	$0.09
Growth	5449.4%	-27.9%	-21.2%		-105.4%	131.9%	-99.9%

Shares outstanding (basic) [+]	18.2	18.3	18.1		14.2	17.4	14.2
Growth	28.2%	4.8%	27.4%		93.6%	138.4%	193761.9%
Shares outstanding (diluted) [+]	19.5	19.5	19.6		17.5	18.9	17.5
Growth	11.4%	3.2%	11.8%		139.5%	36.6%	126720.6%

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