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NVTL » Topics » Results of Operations

These excerpts taken from the NVTL 10-K filed Mar 16, 2009.

Results of Operations

The following table sets forth our consolidated statements of operations expressed as a percentage of revenue for the periods indicated.

 

     Year Ended December 31,  
     2008     2007     2006  
     (as a percent of revenue)  

Revenue

    100.0 %   100.0 %   100.0 %

Cost of revenue

    78.6     69.6     74.7  
                  

Gross margin

    21.4     30.4     25.3  
                  

Operating costs and expenses:

       

Research and development

    10.8     8.7     14.4  

Sales and marketing

    5.7     4.9     6.5  

General and administrative

    6.7     4.4     7.4  
                  

Total operating costs and expenses

    23.2     18.0     28.3  
                  

Operating income (loss)

    (1.8 )   12.4     (3.0 )
                  

Interest income, net

    1.3     1.3     1.3  

Other income (expense), net

    (0.2 )   0.1     0.7  
                  

Income (loss) before taxes

    (0.7 )   13.8     (1.0 )

Income tax expense (benefit)

    (0.3 )   4.8     (1.2 )
                  

Net income (loss)

    (0.4 )%   9.0 %   0.2 %
                  

Results of Operations

FACE="Times New Roman" SIZE="2">The following table sets forth our consolidated statements of operations expressed as a percentage of revenue for the periods indicated.

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 






















































































































































































































































































   Year Ended December 31, 
   2008  2007  2006 
   (as a percent of revenue) 

Revenue

  100.0% 100.0% 100.0%

Cost of revenue

  78.6  69.6  74.7 
          

Gross margin

  21.4  30.4  25.3 
          

Operating costs and expenses:

    

Research and development

  10.8  8.7  14.4 

Sales and marketing

  5.7  4.9  6.5 

General and administrative

  6.7  4.4  7.4 
          

Total operating costs and expenses

  23.2  18.0  28.3 
          

Operating income (loss)

  (1.8) 12.4  (3.0)
          

Interest income, net

  1.3  1.3  1.3 

Other income (expense), net

  (0.2) 0.1  0.7 
          

Income (loss) before taxes

  (0.7) 13.8  (1.0)

Income tax expense (benefit)

  (0.3) 4.8  (1.2)
          

Net income (loss)

  (0.4)% 9.0% 0.2%
          
This excerpt taken from the NVTL 10-K filed Mar 3, 2008.

Results of Operations

The following table sets forth our consolidated statements of operations expressed as a percentage of revenue for the periods indicated.

 

     Year Ended December 31,  
     2007     2006     2005  
     (as a percent of revenue)  

Revenue

    100.0 %   100.0 %   100.0 %

Cost of revenue

    69.6     74.7     71.5  
                  

Gross margin

    30.4     25.3     28.5  
                  

Operating costs and expenses:

       

Research and development

    8.7     14.4     12.7  

Sales and marketing

    4.9     6.5     4.7  

General and administrative

    4.4     7.4     4.7  
                  

Total operating costs and expenses

    18.0     28.3     22.1  
                  

Operating income (loss)

    12.4     (3.0 )   6.4  
                  

Interest income

    1.3     1.4     1.4  

Interest (expense)

    0.0     (0.1 )   0.0  

Other income (expense), net

    0.1     0.7     (0.1 )
                  

Income (loss) before income taxes

    13.8     (1.0 )   7.7  

Provision (benefit) for income taxes

    4.8     (1.2 )   0.8  
                  

Net income

    9.0 %   0.2 %   6.9 %
                  
This excerpt taken from the NVTL 10-K filed Mar 16, 2007.

Results of Operations

The following table sets forth our consolidated statements of operations expressed as a percentage of revenue for the periods indicated.

 

     Year Ended December 31,  
     2006     2005     2004  
     (as a percent of revenue)  

Revenue

    100.0 %   100.0 %   100.0 %

Cost of revenue

    74.7     71.5     67.3  
                  

Gross margin

    25.3     28.5     32.7  
                  

Operating expenses:

       

Research and development

    14.4     12.7     10.2  

Sales and marketing

    6.5     4.7     4.5  

General and administrative

    7.4     4.7     5.0  
                  

Total operating expenses

    28.3     22.1     19.7  
                  

Income (loss) from operations

    (3.0 )   6.4     13.0  
                  

Interest income

    1.4     1.4     0.8  

Interest expense

    (0.1 )   0.0     (0.1 )

Other income (expense), net

    0.7     (0.1 )   (0.1 )
                  

Income (loss) before income taxes

    (1.0 )   7.7     13.6  

Provision (benefit) for income taxes

    (1.2 )   0.8     0.3  
                  

Net income after income taxes

    0.2 %   6.9 %   13.3 %
                  
This excerpt taken from the NVTL 10-K filed Mar 16, 2006.

Results of Operations

The following table sets forth our consolidated statements of operations expressed as a percentage of revenue for the periods indicated.

 

     Year Ended December 31,  
     2005     2004     2003  
     (as a percent of revenue)  

Revenue

    100.0 %   100.0 %   100.0 %

Cost of revenue

    71.5     67.3     82.6  
                  

Gross margin

    28.5     32.7     17.4  
                  

Operating expenses:

       

Research and development

    12.7     10.2     18.2  

Sales and marketing

    4.7     4.5     8.0  

General and administrative

    4.7     5.0     12.0  

Restructuring and impairment charges

    —       —       2.4  
                  

Total operating expenses

    22.1     19.7     40.6  
                  

Income (loss) from operations

    6.4     13.0     (23.2 )
                  

Interest income

    1.4     0.8     0.1  

Interest expense

    0.0     (0.1 )   (11.6 )

Other, net

    (0.1 )   (0.1 )   0.3  
                  

Income (loss) before income taxes

    7.7     13.6     (34.4 )

Provision for income taxes

    0.8     0.3     —    
                  

Net income (loss) after income taxes

    6.9 %   13.3 %   (34.4 )%
                  

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 16, 2009
10-K
Mar 3, 2008
10-K
Mar 16, 2007
10-K
Mar 16, 2006

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