PROXIM WIRELESS CORP (PRXM) [Rocket]

In millions, except per share items	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04
	10-K	10-K	10-K	10-K	10-K
Revenues	49.0	61.9	68.2	56.1	22.9
Revenue growth	-20.9%	-9.1%	21.4%	145.2%
Cost of goods sold	28.6	32.7	38.2	29.7	13.4
Gross profit	20.4	29.3	30.0	26.5	9.5
Gross margin	41.7%	47.3%	44.0%	47.2%	41.4%
Selling, general and administrative [+]	11.7	12.1	11.5	10.8	10.0
General and administrative	11.7	12.1	11.5	10.8	10.0
Research and development	3.8	5.9	13.1	7.5	2.9
Other operating expenses	16.5	28.3	28.0	16.3	6.4
EBITDA [+]	-8.5	-13.2	-17.5	-5.3	-8.6
EBITDA growth	-35.8%	-24.6%	230.6%	-38.6%
EBITDA margin	-17.3%	-21.3%	-25.7%	-9.4%	-37.7%
Depreciation and amortization	3.1	3.9	5.1	2.9	1.2
EBIT [+]	-11.6	-17.1	-22.6	-8.2	-9.9
EBIT growth	-32.1%	-24.5%	177.4%	-17.4%
EBIT margin	-23.7%	-27.6%	-33.2%	-14.5%	-43.2%
Non-recurring items	0.5	2.6	0.1	0.9	-3.9
Interest income, net [+]	-0.5	0.1	0.2	0.5	0.6
Interest expense	0.5	0.1	0.2	0.2	0.2
Interest income	0.0	0.2	0.4	0.7	0.8
Other income (expense), net	0.4	2.7	0.4	0.0	4.1
Pre-tax income	-12.2	-16.8	-22.2	-8.6	-1.3
Income taxes	-2.2	2.2	0.9	0.0	0.0
Tax rate	17.8%			0.2%	0.1%
Earnings from continuing ops	-10.0	-19.1	-23.2	-8.7	-1.3
Earnings from discontinued ops	2.4	-2.1	-0.9	-2.5
Net income	-10.0	-19.1	-23.2	-11.2	-1.3
Net margin	-20.5%	-30.8%	-34.0%	-19.9%	-5.9%

Basic EPS [+]	($0.43)	($0.82)	($1.08)	($0.40)	($0.07)
Growth	-47.6%	-24.1%	171.5%	484.9%
Diluted EPS [+]	($0.43)	($0.82)	($1.08)	($0.40)	($0.07)
Growth	-47.6%	-24.1%	171.5%	484.9%

Shares outstanding (basic) [+]	23.4	23.2	21.4	21.8	19.8
Growth	0.5%	8.4%	-1.6%	10.2%
Shares outstanding (diluted) [+]	23.4	23.2	21.4	21.8	19.8
Growth	0.5%	8.4%	-1.6%	10.2%

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