REDFIN NETWORK, INC. (RFNN) [Rocket]

In millions, except per share items	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07
	10-K	10-K	10-K	10-K	10-K
Revenues [+]	2.6	1.3	0.8	0.2	0.1
Products	2.8	1.7
Net interest income	-0.2	-0.4
Revenue growth	100.6%	58.6%	260.3%	319.5%
Cost of goods sold	1.7	1.2	0.7	0.2	0.0
Gross profit	0.9	0.1	0.1	0.0	0.0
Gross margin	34.9%	11.2%	17.5%	-0.2%	61.2%
Selling, general and administrative [+]	1.5	1.0	1.0	0.7	0.5
Sales and marketing			0.2	0.2	0.2
General and administrative [+]	1.5	1.0	0.8	0.5	0.3
General and administrative expenses	1.5	1.0
Professional fees	0.2	0.1
Other selling, general and administrative			0.2	0.2	0.2
Other operating expenses	0.0	-0.2	-0.2
EBITDA [+]	-0.6	-0.5	-0.7	-0.8	-1.1
EBITDA growth	15.0%	-22.0%	-17.7%	-21.8%
EBITDA margin	-24.1%	-42.0%	-85.4%	-374.0%	-2005.5%
Depreciation	0.0	0.0	0.0	0.0	0.0
EBITA	-0.6	-0.6	-0.7	-0.9	-1.1
EBITA margin	-24.2%	-44.0%	-86.4%	-375.4%	-2009.5%
Amortization of intangibles	0.1	0.0	0.0
EBIT [+]	-0.7	-0.6	-0.7	-0.9	-1.1
EBIT growth	16.6%	-17.7%	-16.2%	-21.6%
EBIT margin	-26.3%	-45.3%	-87.3%	-375.4%	-2009.5%
Interest expense			0.7	0.4	0.9
Interest expense			0.7	0.4	0.9
Other income (expense), net	-0.4	2.9			0.3
Pre-tax income	-1.1	2.3	-1.4	-1.3	-1.7
Income taxes	0.0	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%
Net income	-1.1	2.3	-1.4	-1.3	-1.7
Net margin	-43.0%	176.9%	-168.6%	-569.7%	-3102.0%

Basic EPS [+]	($0.02)	$0.04	($0.03)	($0.03)	($0.05)
Growth	-150.0%	-250.9%	-9.4%	-39.2%
Diluted EPS [+]	($0.01)	$0.04	($0.03)	($0.03)	($0.05)
Growth	-139.9%	-237.8%	-9.4%	-39.2%

Shares outstanding (basic) [+]	55.9	57.3	52.0	44.1	34.8
Growth	-2.5%	10.3%	17.7%	26.7%
Shares outstanding (diluted) [+]	76.7	62.8	52.0	44.1	34.8
Growth	22.2%	20.8%	17.7%	26.7%

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