NETWORK EQUIPMENT TECHNOLOGIES INC (NWK) [Rocket]

Overview

NETWORK EQUIPMENT TECHNOLOGIES INC (NWK)

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Recent News + Filings (All items)

Date Filed	Type	Description
09/04/2012	SC 13G	Form SC 13G - Statement of acquisition of beneficial ownership by individuals:
09/04/2012	15-12G	Form 15-12G - Securities registration termination [Section 12(g)]
09/04/2012	EFFECT	Form EFFECT - Notice of Effectiveness
08/27/2012	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
08/27/2012	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
08/27/2012	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments
08/27/2012	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Mar-30-12	Mar-25-11	Mar-26-10	Mar-27-09	Mar-28-08	Mar-30-07	Mar-31-06	Mar-25-05
Revenues	50.2	60.1	74.5	65.8	116.1	84.1	69.8	114.2
Revenue growth	-16.6%	-19.3%	13.2%	-43.4%	38.1%	20.5%	-38.9%	-10.1%
Cost of goods sold	33.4	35.4	41.9	55.2	57.3	39.1	38.0	55.0
Gross profit	16.7	24.8	32.6	10.5	58.9	45.0	31.8	59.2
Gross margin	33.3%	41.2%	43.8%	16.0%	50.7%	53.5%	45.5%	51.8%
Sales and marketing	18.7	19.6	19.6	21.2	20.2	18.7	23.5	27.5
Research and development	19.0	19.2	19.2	21.8	24.3	21.4	23.2	26.1
General and administrative	9.4	10.5	11.8	13.1	11.4	13.1	11.3	10.3
EBIT	-30.4	-24.6	-18.1	-37.9	2.8	-18.4	-29.1	-8.7
EBIT margin	-60.5%	-40.8%	-24.3%	-57.6%	2.5%	-21.9%	-41.8%	-7.7%
Pre-tax income	-34.1	-26.2	-17.8	-53.4	5.5	-16.7	-28.4	-7.5
Income taxes	0.1	0.1	0.1	0.1	-1.7	-0.5	-1.2	-1.1
Tax rate						3.0%	4.1%	14.6%
Net income	-34.1	-26.3	-17.8	-53.5	7.1	-16.2	-27.2	-6.4
Net margin	-68.1%	-43.7%	-24.0%	-81.3%	6.2%	-19.3%	-39.0%	-5.6%

Diluted EPS	($1.12)	($0.88)	($0.61)	($1.85)	$0.26	($0.65)	($1.10)	($0.26)
Shares outstanding (diluted)	30.4	29.9	29.2	28.9	27.4	25.0	24.7	24.5

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