ASTROTECH CORP. (SPAB)

Non-GAAP Financial Measures. We use income from operations before charges as one measure of financial performance. Income from operations before charges is a non-GAAP financial measure and consists of operating income before unusual and infrequent events such as: goodwill impairments; asset impairments; investment impairments; and, the loss of the research double module. Income from operations before charges also does not include interest expense or income taxes, each of which is evaluated on a consolidated basis. Because we do not allocate interest expense and income taxes by unit, we believe that income from operations is a useful measure of our units’ operating performance for investors. Income from operations before charges should not be considered an alternative to, or more meaningful than, net income or cash flows from operations as determined in accordance with GAAP. The “Other” column in the presentation below is our corporate selling, general and administrative expenses

 

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Non-GAAP Financial Measures. We
use income from operations before charges as one measure of financial
performance. Income from operations before charges is a non-GAAP financial
measure and consists of operating income before unusual and infrequent events
such as: goodwill impairments; asset impairments; investment impairments; and,
the loss of the research double module. Income from operations before charges
also does not include interest expense or income taxes, each of which is
evaluated on a consolidated basis. Because we do not allocate interest expense
and income taxes by unit, we believe that income from operations is a useful
measure of our units’ operating performance for investors. Income from
operations before charges should not be considered an alternative to, or more
meaningful than, net income or cash flows from operations as determined in
accordance with GAAP. The “Other” column in the presentation below is our
corporate selling, general and administrative expenses

 

30

Non-GAAP Financial Measures. We use income from operations before charges as one measure of financial performance. Income from operations before charges is a non-GAAP financial measure and consists of operating income before unusual and infrequent events such as: goodwill impairments, asset impairments, investment impairments and the loss of the research double module. Income from operations before charges also does not include interest expense or income taxes, each of which is evaluated on a consolidated basis. Because we do not allocate interest expense and income taxes by unit, we believe that income from operations is a useful measure of our units’ operating performance for investors. Income from operations before charges should not be considered an alternative to, or more meaningful than, net income or cash flows from operations as determined in accordance with GAAP. The “Other” column in the presentation below is our corporate selling, general and administrative expenses that are incurred for our overall operations that are not allocable to any specific business unit and results of operations for our SMI segment.

 

The following tables provide summary financial data regarding our consolidated and segmented results of operations for our 2007, 2006, and 2005 fiscal years, respectively (in millions):

 

13

Non-GAAP Financial Measures. We
use income from operations before charges as one measure of financial
performance. Income from operations before charges is a non-GAAP financial
measure and consists of operating income before unusual and infrequent events
such as: goodwill impairments, asset impairments, investment impairments and
the loss of the research double module. Income from operations before charges
also does not include interest expense or income taxes, each of which is
evaluated on a consolidated basis. Because we do not allocate interest expense
and income taxes by unit, we believe that income from operations is a useful
measure of our units’ operating performance for investors. Income from
operations before charges should not be considered an alternative to, or more
meaningful than, net income or cash flows from operations as determined in
accordance with GAAP. The “Other” column in the presentation below is our
corporate selling, general and administrative expenses that are incurred for
our overall operations that are not allocable to any specific business unit and
results of operations for our SMI segment.

 

The following tables provide summary financial data
regarding our consolidated and segmented results of operations for our 2007,
2006, and 2005 fiscal years, respectively (in millions):

 

13

Non-GAAP Financial Measures. We use income from operations before charges as one measure of financial performance. Income from operations before charges is a non-GAAP financial measure and consists of operating income before unusual and infrequent events such as: goodwill impairments, asset impairments, investment impairments and the loss of the research double module. Income from operations before charges also does not include interest expense or income taxes, each of which is evaluated on a consolidated basis. Because we do not allocate interest expense and income taxes by unit, we believe that income from operations is a useful measure of our units’ operating performance for investors. Income from operations before charges should not be considered an alternative to, or more meaningful than, net income or cash flows from operations as determined in accordance with GAAP. The “Other” column in the presentation below is our corporate selling, general and administrative expenses that are incurred for our overall operations that are not allocable to any specific business unit and results of operations for our SMI segment.

The following tables provide summary financial data regarding our consolidated and segmented results of operations for our 2007, 2006, and 2005 fiscal years, respectively (in millions):

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