CYAN INC (CYNI) [Rocket]

In millions, except per share items	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11
	10-K	10-K	10-K	10-K
Revenues:
United States	78.6	106.3	91.1	40.0
Other	21.9	10.2	4.8	0.4
Total revenues	100.5	116.6	95.9	40.4
Revenue growth [+]	-13.8%	21.6%	137.2%
United States	-26.1%	16.8%	127.6%
Other	113.6%	113.6%	1086.6%
Cost of goods sold	58.7	68.4	57.3	27.1
Gross profit	41.8	48.2	38.6	13.3
Gross margin	41.6%	41.3%	40.2%	33.0%
Selling, general and administrative [+]	58.8	53.2	31.3	16.1
Sales and marketing	43.6	40.1	25.2	12.8
General and administrative	15.2	13.1	6.1	3.3
Research and development	36.1	32.6	18.4	13.0
Other operating expenses				0.4
EBITDA [+]	-49.5	-34.9	-9.4	-14.8
EBITDA growth	42.0%	271.4%	-36.7%
EBITDA margin	-49.3%	-29.9%	-9.8%	-36.7%
Depreciation and amortization	3.6	2.7	1.8	1.4
EBIT [+]	-53.1	-37.6	-11.2	-16.2
EBIT growth	41.2%	236.0%	-30.9%
EBIT margin	-52.8%	-32.2%	-11.7%	-40.1%
Non-recurring items	5.3
Interest expense	0.5	0.4	0.0
Interest expense	0.5	0.4	0.0
Other income (expense), net [+]	0.0	-2.6	-5.3	0.3
Gain (loss) on derivative instruments	-4.7
Other	0.0	-2.6	-5.3	0.3
Pre-tax income	-58.9	-40.6	-16.6	-15.9
Income taxes	0.3	0.1	0.0	0.0
Net income	-59.2	-40.7	-16.6	-15.9
Net margin	-58.9%	-34.9%	-17.3%	-39.3%

Basic EPS [+]	($1.14)	($1.22)	($4.45)	($6.58)
Growth	-6.2%	-72.6%	-32.4%
Diluted EPS [+]	($1.14)	($1.22)	($4.45)	($6.58)
Growth	-6.2%	-72.6%	-32.4%

Shares outstanding (basic) [+]	47.0	30.8	2.5	2.4
Growth	52.3%	1126.1%	5.0%
Shares outstanding (diluted) [+]	47.0	30.8	2.5	2.4
Growth	52.3%	1126.1%	5.0%

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