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T3 Motion, Inc. (TTTM)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-12Dec-31-11Dec-31-10Dec-31-09Dec-31-08Dec-31-07
   10-K10-K10-K10-K10-K10-K
Total revenues  4.55.34.74.67.61.8
            Revenue growth  -14.6%13.1%0.8%-38.8%316.5% 
Cost of goods sold  4.04.74.55.09.33.9
Gross profit  0.50.60.2-0.3-1.7-2.1
            Gross margin  10.6%11.1%3.6%-7.4%-22.4%-115.6%
Selling, general and administrative   [+]5.85.85.47.18.55.2
Research and development  1.02.11.61.41.41.2
EBITDA   [+]-6.1-6.9-6.5-7.8-10.9-8.3
            EBITDA margin  -134.9%-130.7%-138.4%-168.0%-143.6%-457.5%
Depreciation and amortization  0.20.30.41.00.70.2
EBIT   [+]-6.3-7.2-6.8-8.8-11.6-8.5
            EBIT margin  -139.2%-136.5%-146.0%-189.4%-153.1%-468.0%
Interest expense, net   [+]16.30.64.03.50.60.1
Other income (expense), net   [+]1.02.32.55.6-0.10.0
Pre-tax income  -21.5-5.5-8.3-6.7-12.3-8.6
Income taxes  0.00.00.00.00.00.0
Net income  -21.5-9.8-12.1-6.7-12.3-8.6
            Net margin  -476.3%-184.4%-257.5%-144.4%-162.0%-470.7%
   
Basic EPS   [+]($1.64)($0.99)($2.53)($0.15)($0.29)($0.24)
Diluted EPS   [+]($1.64)($0.99)($2.53)($0.15)($0.29)($0.24)
   
Shares outstanding (basic)   [+]13.19.94.844.442.435.2
Shares outstanding (diluted)   [+]13.19.94.844.442.435.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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