Pinnacle Gas Resources, Inc. (PINN) [Rocket]

In millions, except per share items	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	S-1/A
Revenues	15.0	24.4	17.7	12.6	15.8	7.0
Revenue growth	-38.7%	38.3%	40.4%	-20.2%	125.4%
Cost of goods sold [+]	4.7	8.4	6.1	4.2	3.4	2.3
Lease costs	3.8	6.5	4.7	3.0	1.8	1.4
Direct taxes	0.8	1.9	1.4	1.2	1.6	0.8
Gross profit	10.3	16.0	11.5	8.4	12.3	4.7
Gross margin	68.7%	65.6%	65.3%	66.7%	78.3%	67.4%
Selling, general and administrative	73.5	42.2	33.4	13.0	9.5	6.1
Other operating expenses	-60.9	-21.5	-18.2
Adjusted EBITDA	-1.5	-3.5	-2.8	3.2	7.0	2.6
Adjusted EBITDA margin	-9.7%	-14.3%	-15.6%	25.7%	44.5%	36.9%
Stock-based compensation	0.8	1.2	0.9	0.4
EBIT [+]	-2.3	-4.7	-3.6	-4.6	2.9	-1.4
EBIT growth	-50.8%	28.7%	-21.1%	-259.7%	-307.5%
EBIT margin	-15.4%	-19.1%	-20.5%	-36.5%	18.2%	-19.8%
Non-recurring items [+]	60.9	21.5	18.2
Asset impairment	60.9	21.5	18.2
Interest income, net [+]	-0.2	0.0	0.4	0.6	0.0	0.1
Interest expense	0.3	0.1	0.3	0.2	0.0	0.0
Interest income	0.1	0.2	0.7	0.7	0.0	0.1
Other income (expense), net	-5.3	4.4	-1.9	7.8	-4.7	0.0
Pre-tax income	-68.8	-21.7	-23.4	3.8	-1.8	-1.3
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net income	-68.8	-21.7	-23.4	-17.2	-7.2	-1.3
Net margin	-459.3%	-89.0%	-132.4%	-136.7%	-46.0%	-18.9%

Basic EPS [+]	($2.32)	($0.75)	($0.86)	($0.87)	($1.42)	($0.26)
Growth	211.1%	-12.8%	-1.4%	-38.9%	437.7%
Diluted EPS [+]	($2.32)	($0.75)	($0.86)	($0.87)	($1.42)	($0.26)
Growth	211.1%	-12.8%	-1.4%	-38.9%	437.7%

Shares outstanding (basic) [+]	29.6	29.1	27.3	19.8	5.1	5.0
Growth	1.7%	6.7%	37.9%	288.3%	1.9%
Shares outstanding (diluted) [+]	29.6	29.1	27.3	19.8	5.1	5.0
Growth	1.7%	6.7%	37.9%	288.3%	1.9%

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