SYCAMORE NETWORKS INC (SCMR) [Rocket]

In millions, except per share items	Jul-31-16	Jul-31-15	Jul-31-14	Jul-31-13	Mar-23-13	Jul-31-12	Jul-31-11	Jul-31-10
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Service							24.2	24.0
Product							24.5	44.7
Total revenues [+]	0.0	0.0	0.0	0.0	0.0	0.0	48.7	68.6
Products							24.5	44.7
Services							24.2	24.0
Revenue growth [+]						-100.0%	-29.0%	1.9%
Service							1.0%	-3.3%
Product							-45.2%	4.9%
Cost of goods sold [+]	0.0	0.0	0.0	6.3	0.2	0.2	22.5	31.0
Cost of product sales							14.4	22.0
Cost of services							8.1	9.0
Gross profit	0.0	0.0	0.0	-6.3	-0.2	-0.2	26.2	37.7
Gross margin							53.8%	54.9%
Selling, general and administrative [+]					4.8	9.0	18.9	20.0
Sales and marketing					1.8	3.1	10.8	10.9
General and administrative	0.0	0.0	0.0	0.0	3.0	5.9	8.2	9.1
Research and development					4.8	14.1	26.6	31.7
Other operating expenses				-12.5	12.4
EBITDA [+]					-21.2	-20.5	-15.8	-7.7
EBITDA growth			-100.0%	-130.4%		29.8%	106.4%	-76.0%
EBITDA margin							-32.5%	-11.2%
Depreciation and amortization					1.0	2.8	3.6	6.4
EBIT [+]	0.0	0.0	0.0	6.3	-22.2	-23.3	-19.4	-14.1
EBIT growth			-100.0%	-126.8%		20.2%	37.9%	-68.0%
EBIT margin							-39.8%	-20.5%
Non-recurring items [+]				6.3	2.9	0.8		6.7
Asset impairment						0.8		1.1
Interest income							2.0	5.6
Interest income							2.0	5.6
Other income (expense), net					-0.2	1.1
Pre-tax income	0.0	0.0	0.0	0.0	-25.3	-23.0	-17.4	-15.2
Income taxes	0.0	0.0	0.0	0.0	-4.4	0.1	0.4	-0.4
Tax rate					17.2%			2.4%
Earnings from continuing ops					-8.2	-19.2	-17.8	-14.8
Earnings from discontinued ops					11.8	6.3
Net income	0.0	0.0	0.0	0.0	-3.5	-12.9	-17.8	-14.8
Net margin							-36.6%	-21.6%

Basic EPS [+]					($0.28)	($0.67)	($0.62)	($0.52)
Growth						7.0%	19.6%	-72.4%
Diluted EPS [+]					($0.28)	($0.67)	($0.62)	($0.52)
Growth						7.0%	19.6%	-72.4%

Dividends per share [+]							$6.50	$10.00
Growth						-100.0%	-35.0%

Shares outstanding (basic) [+]					28.9	28.8	28.6	28.4
Growth						0.8%	0.5%	0.2%
Shares outstanding (diluted) [+]					28.9	28.8	28.6	28.4
Growth						0.8%	0.5%	0.2%

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