INPHONIC INC (INPC) [Rocket]

In millions, except per share items	Dec-31-06	Dec-31-05	Dec-31-04	Dec-31-03	Dec-31-02
	10-K/A	10-K/A	10-K/A	10-K	10-K
Revenues:
Wireless activation and services					49.2
MVNO services					5.6
WAS				91.2
Other				8.9	8.2
Total revenues	369.6	320.5	154.9	100.1	63.0
Revenue growth [+]	15.3%	107.0%	54.8%	58.8%
Data Services				8.4%
Cost of goods sold	217.9	191.7	84.8	49.3	39.4
Gross profit	151.7	128.8	70.0	50.8	23.6
Gross margin	41.1%	40.2%	45.2%	50.7%	37.5%
Selling, general and administrative	303.8	287.2	121.1	64.1	44.7
Other operating expenses	-91.4	-120.2	-36.7	-0.9	4.1
EBITDA [+]	-43.6	-28.3	-7.9	-7.0	-22.6
EBITDA growth	54.2%	257.1%	12.5%	-68.9%
EBITDA margin	-11.8%	-8.8%	-5.1%	-7.0%	-35.9%
Depreciation and amortization	17.1	9.8	6.4	5.4	2.6
EBIT [+]	-60.7	-38.1	-14.4	-12.5	-25.2
EBIT growth	59.2%	165.4%	15.2%	-50.6%
EBIT margin	-16.4%	-11.9%	-9.3%	-12.5%	-40.1%
Non-recurring items [+]	2.6	0.8		2.4	3.3
Asset impairment				2.4	3.3
Interest expense, net [+]	0.3	-1.2	0.2	1.0	0.4
Interest expense	2.6	1.0	1.0	1.3	0.7
Interest income	2.3	2.2	0.8	0.3	0.3
Pre-tax income	-63.5	-37.8	-14.6	-15.9	-29.0
Income taxes	0.2	0.4	-4.3	4.4	0.0
Tax rate			29.8%		0.0%
Earnings from continuing ops	-63.7	-38.2	-10.2	-20.2	-29.0
Earnings from discontinued ops	-0.2	0.9	4.3	-4.4
Net income	-63.7	-38.2	-10.2	-20.2	-29.0
Net margin	-17.2%	-11.9%	-6.6%	-20.2%	-46.0%

Basic EPS [+]	($1.75)	($1.11)	($0.73)	($1.80)	($2.79)
Growth	58.1%	52.5%	-59.7%	-35.3%
Diluted EPS [+]	($1.75)	($1.11)	($0.73)	($1.80)	($2.79)
Growth	58.1%	52.5%	-59.7%	-35.3%

Shares outstanding (basic) [+]	36.3	34.4	14.1	11.2	10.4
Growth	5.5%	144.5%	25.6%	7.7%
Shares outstanding (diluted) [+]	36.3	34.4	14.1	11.2	10.4
Growth	5.5%	144.5%	25.6%	7.7%

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