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AIRVANA INC (AIRV)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsJan-03-10Dec-28-08Dec-30-07Dec-31-06Jan-01-06
   10-K10-K10-K10-K10-K
Revenues:  
    Product  45.1123.3279.1145.81.4
    Service  19.514.926.724.41.0
Total revenues  64.6138.2305.8170.32.3
            Revenue growth   [+]-53.3%-54.8%79.6%7154.8% 
Cost of goods sold  13.611.541.945.36.5
Gross profit  51.0126.7263.9125.0-4.2
            Gross margin  79.0%91.7%86.3%73.4%-178.4%
Selling, general and administrative   [+]29.123.919.512.88.5
Research and development  73.774.876.655.142.9
EBITDA   [+]-47.432.3171.559.5-53.8
            EBITDA margin  -73.4%23.3%56.1%35.0%-2294.0%
Depreciation  3.23.23.12.41.8
EBITA  -50.729.0168.457.1-55.6
            EBITA margin  -78.4%21.0%55.1%33.5%-2368.9%
Amortization of intangibles  1.11.10.7  
EBIT   [+]-51.728.0167.757.1-55.6
            EBIT margin  -80.1%20.2%54.9%33.5%-2368.9%
Non-recurring items    2.3  
Interest income, net   [+]6.77.29.86.63.5
Pre-tax income  -45.035.2175.263.7-52.1
Income taxes  -20.013.921.9-10.710.9
            Tax rate  44.5%39.5%12.5%  
Net income  -25.021.3153.374.1-63.0
            Net margin  -38.7%15.4%50.1%43.5%-2684.9%
   
Basic EPS   [+]($0.40)$0.33$4.23$5.47($4.86)
Diluted EPS   [+]($0.40)$0.30$3.53$3.91($4.86)
   
Shares outstanding (basic)   [+]62.564.336.213.513.0
Shares outstanding (diluted)   [+]62.570.143.518.913.0
   
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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