Financial Summary (All financials)
In millions, except per share items | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 |
Revenues | 179.4 | 164.6 | 137.1 | 103.2 | 90.6 | 69.2 | 72.5 | 101.5 |
Revenue growth | 9.0% | 20.1% | 32.8% | 13.9% | 31.0% | -4.5% | -28.6% | -27.7% |
Cost of goods sold | 60.9 | 61.9 | 55.5 | 32.6 | 25.1 | 22.1 | 21.9 | 38.0 |
Gross profit | 118.5 | 102.8 | 81.5 | 70.7 | 65.6 | 47.1 | 50.6 | 63.5 |
Gross margin | 66.0% | 62.4% | 59.5% | 68.5% | 72.3% | 68.1% | 69.8% | 62.5% |
Sales and marketing | 52.2 | 49.6 | 44.4 | 30.9 | 29.4 | 29.6 | 31.2 | 43.1 |
Research and development | 30.5 | 29.3 | 25.0 | 21.5 | 18.5 | 16.2 | 17.9 | 22.0 |
General and administrative | 19.0 | 19.4 | 18.2 | 13.0 | 11.2 | 7.7 | 9.5 | 11.1 |
EBIT | 16.8 | 4.4 | -6.1 | 5.3 | 6.5 | -6.4 | -8.1 | -12.8 |
EBIT margin | 9.3% | 2.7% | -4.4% | 5.1% | 7.1% | -9.3% | -11.1% | -12.6% |
Pre-tax income | 16.8 | 5.4 | -3.8 | 7.1 | 5.8 | -9.6 | 3.9 | -29.5 |
Income taxes | 0.0 | 1.6 | 0.4 | -2.6 | 0.0 | -0.1 | -0.3 | 0.0 |
Tax rate | 0.1% | 29.5% | | | 0.6% | 0.5% | | 0.0% |
Net income | 16.8 | 3.8 | -4.2 | 9.7 | 5.8 | -9.5 | 4.2 | -29.5 |
Net margin | 9.4% | 2.3% | -3.1% | 9.4% | 6.4% | -13.8% | 5.8% | -29.1% |
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Diluted EPS | $0.13 | $0.03 | ($0.03) | $0.08 | $0.05 | ($0.12) | $0.06 | ($0.42) |
Shares outstanding (diluted) | 133.1 | 133.9 | 127.5 | 120.1 | 111.3 | 79.3 | 73.8 | 69.9 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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