MIRENCO INC (MREO) [Rocket]

In millions, except per share items	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07
	10-K	10-K	10-K	10-K/A
Revenues:
Products	0.2	0.1
Services	0.2	0.2
Total revenues	0.4	0.3	0.8
Revenue growth [+]	31.4%	-60.2%
Products	70.6%
Services	1.7%
Cost of goods sold	0.3	0.3	0.4
Gross profit	0.1	0.1	0.4
Gross margin	25.3%	23.7%	51.6%
Selling, general and administrative [+]	0.2	0.2	0.3
Sales and marketing	0.0	0.0	0.0
General and administrative	0.2	0.2	0.2
Other operating expenses	0.4	0.4	0.5
EBITDA [+]	-0.4	-0.5	-0.3
EBITDA growth	-19.9%	60.8%
EBITDA margin	-93.3%	-153.0%	-37.9%
Depreciation and amortization	0.0	0.0	0.0
EBIT [+]	-0.4	-0.5	-0.3
EBIT growth	-18.8%	57.0%
EBIT margin	-100.2%	-162.2%	-41.2%
Interest expense, net [+]	0.1	0.0	0.0
Interest expense	0.1	0.0	0.0
Interest income	0.0	0.0	0.0
Pre-tax income	-0.5	-0.6	-0.4
Income taxes	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%
Net income	-0.5	-0.6	-0.4
Net margin	-117.7%	-171.8%	-44.3%

Basic EPS [+]		($0.02)	($0.01)
Growth		38.5%
Diluted EPS [+]		($0.02)	($0.01)
Growth		38.5%

Shares outstanding (basic) [+]		31.5	28.2
Growth		11.6%
Shares outstanding (diluted) [+]		31.5	28.2
Growth		11.6%

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