LUCID INC (LCDX) [Rocket]

In millions, except per share items	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10
	10-K	10-K	10-K	10-K
Revenues:
Europe	1.3	1.0
North America	0.9	0.5
Asia	0.7	0.6
Latin America	0.3	0.2
Other	0.1	0.1
Total revenues	3.3	2.4	3.6	2.6
Revenue growth [+]	37.2%	-31.9%	36.2%
Europe	30.0%
North America	80.0%
Asia	16.7%
Latin America	50.0%
Cost of goods sold	2.7	2.4	1.9	1.1
Gross profit	0.7	0.0	1.7	1.5
Gross margin	19.6%	1.3%	47.2%	56.5%
Selling, general and administrative [+]	4.0	5.8	6.8	4.6
Sales and marketing	1.7	1.8	1.4	0.8
General and administrative	2.3	4.0	5.4	3.8
Research and development	1.5	3.8	1.5
Other operating expenses		0.1		0.4
EBITDA [+]	-4.8	-9.6	-6.3	-3.5
EBITDA growth	-49.7%	53.1%	79.0%
EBITDA margin	-144.2%	-393.3%	-174.9%	-133.0%
Depreciation and amortization	0.0	0.0	0.3	0.1
EBIT [+]	-4.9	-9.6	-6.6	-3.6
EBIT growth	-49.5%	46.4%	84.7%
EBIT margin	-145.2%	-395.0%	-183.6%	-135.4%
Non-recurring items [+]		-0.1
Asset impairment		-0.1
Interest expense	0.8	0.4	2.3	0.6
Interest expense	0.8	0.4	2.3	0.6
Other income (expense), net [+]	11.1	19.7	17.9	-0.2
Gain (loss) on debt retirement	0.1	-0.4	-2.7
Other	0.0	0.0	0.0
Pre-tax income	5.5	9.8	9.1	-4.3
Income taxes	11.0	19.6	0.0	0.0
Tax rate	200.0%	200.0%	0.0%	0.0%
Net income	-5.5	-9.8	-16.0	-4.3
Net margin	-164.0%	-403.4%	-446.2%	-163.8%

Basic EPS [+]	($0.65)	($1.23)	($7.37)	($3.22)
Growth	-46.8%	-83.4%	128.9%
Diluted EPS [+]	($0.65)	($1.23)	($7.37)	($3.22)
Growth	-46.8%	-83.4%	128.9%

Shares outstanding (basic) [+]	8.4	8.0	2.2	1.3
Growth	4.8%	269.6%	62.0%
Shares outstanding (diluted) [+]	8.4	8.0	2.2	1.3
Growth	4.8%	269.6%	62.0%

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