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 | 200.6 | 218.6 | 199.2 | 175.5 | 135.3 | 125.6 | 94.4 | 103.2 |
Revenue growth | -8.3% | 9.8% | 13.5% | 29.7% | 7.7% | 33.1% | -8.5% | -7.8% |
Cost of goods sold | 57.9 | 66.6 | 58.7 | 56.8 | 40.3 | 41.7 | 38.1 | 34.5 |
Gross profit | 142.7 | 152.0 | 140.5 | 118.7 | 95.0 | 84.0 | 56.3 | 68.7 |
Gross margin | 71.1% | 69.5% | 70.5% | 67.6% | 70.2% | 66.8% | 59.7% | 66.6% |
Selling, general and administrative | | | | | | | 5.3 | 5.7 |
Sales and marketing | 70.0 | 82.3 | 77.7 | 71.3 | 53.4 | 47.4 | | |
Research and development | 37.9 | 44.2 | 39.4 | 33.7 | 22.8 | 23.4 | | |
General and administrative | 17.1 | 18.6 | 21.5 | 20.3 | 15.5 | 14.4 | | |
EBITA | 17.7 | 6.9 | 1.9 | -6.6 | 3.3 | -1.1 | -7.9 | 6.4 |
EBITA margin | 8.8% | 3.1% | 1.0% | -3.7% | 2.5% | -0.9% | -8.4% | 6.2% |
Amortization of intangibles | 1.1 | 1.1 | 0.7 | 2.7 | 2.9 | 3.1 | 5.3 | 5.7 |
EBIT | 16.6 | 5.8 | 1.2 | -9.3 | 0.4 | -4.2 | -13.3 | 0.6 |
EBIT margin | 8.3% | 2.6% | 0.6% | -5.3% | 0.3% | -3.4% | -14.0% | 0.6% |
Pre-tax income | 19.7 | 10.5 | 11.0 | -2.5 | 7.3 | 0.0 | -19.3 | -97.0 |
Income taxes | 6.6 | 5.6 | -17.6 | 8.2 | 1.0 | 0.3 | -1.6 | -3.1 |
Tax rate | 33.4% | 53.3% | | | 14.1% | | 8.3% | 3.2% |
Earnings from continuing ops | 13.2 | 4.9 | 28.6 | -10.8 | 6.3 | -0.3 | -17.7 | -93.9 |
Earnings from discontinued ops | | | | | | | -17.7 | |
Net income | 13.2 | 4.9 | 28.6 | -10.8 | 6.3 | -0.3 | -17.7 | -93.9 |
Net margin | 6.6% | 2.2% | 14.4% | -6.1% | 4.6% | -0.2% | -18.7% | -91.0% |
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Diluted EPS | $0.24 | $0.08 | $0.43 | ($0.17) | $0.09 | $0.00 | ($0.26) | ($1.40) |
Shares outstanding (diluted) | 55.6 | 57.9 | 67.1 | 65.1 | 66.8 | 70.9 | 67.9 | 67.1 |
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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. |