SKYTERRA COMMUNICATIONS INC (SKYT) [Rocket]

In millions, except per share items	Dec-31-09	Dec-31-08	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04	Dec-31-03
Revenues	34.5	34.5	34.1	34.9	30.0	29.6	0.7
Revenue growth	0.1%	1.2%	-2.2%	16.3%	1.3%	4134.2%
Cost of goods sold	0.0	0.0	0.0	0.0	0.0	0.0	0.9
Gross profit	34.5	34.5	34.1	34.9	30.0	29.6	-0.2
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	-30.6%
Selling, general and administrative							6.7
Sales and marketing	8.9	8.5	7.6	4.2	2.5	2.1
Research and development	19.2	15.6	10.6	5.1	2.2
General and administrative	37.6	35.4	29.6	30.5	23.7	7.4
EBIT	-134.6	-94.1	-72.1	-42.3	-39.2	-42.4	-6.9
EBIT margin	-389.9%	-272.9%	-211.5%	-121.2%	-130.6%	-143.2%	-993.8%
Pre-tax income	-216.4	-206.6	-127.9	-55.8	-32.1	-33.5	-1.9
Income taxes	0.0	-1.1	-0.3	1.3	0.0	0.0	0.0
Tax rate	0.0%	0.5%	0.3%		0.0%	0.0%	0.0%
Earnings from continuing ops	-216.4	-205.5	-127.5	-57.1	-41.0	-33.5	-9.7
Earnings from discontinued ops							-0.7
Net income	-216.4	-205.5	-127.5	-57.1	-41.0	-33.5	-10.4
Net margin	-626.7%	-595.9%	-374.1%	-163.8%	-136.6%	-113.0%	-1488.6%

Diluted EPS	$0.00	($1.94)	($1.27)	($1.24)	($1.03)	($1.06)	($0.63)
Shares outstanding (diluted)	107,132.4	106.1	100.0	46.2	39.6	31.5	15.3

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