the 2009 Annual Report (pdf) - PLX Technology

PLX TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
Years Ended December 31,
2009 2008 2007
Net revenues……………………………………………………………… $ 82,832 $ 81,068 $ 81,734
Cost of revenues…………………………………………………………… 35,900 32,786 32,209
Gross profit……………………………………………………………… 46,932 48,282 49,525
Operating expenses
Research and development……………………………………………… 31,387 27,091 24,373
Selling, general and administrative……………………………………… 24,719 23,368 24,516
Acquisition and restructuring related costs…………………………… 2,900 756 -
Amortization of purchased intangible assets…………………………… 3,416 742 1,279
Impairment of assets…………………………………………………… - 54,272 -
Total operating expenses………………………………………………… 62,422 106,229 50,168
Operating loss…………………………………………………………… (15,490) (57,947) (643)
Interest income…………………………………………………………… 622 1,521 2,385
Interest expense…………………………………………………………… (450) - -
Other income, net………………………………………………………… 164 22 9
Loss on fair value remeasurement………………………………………… (3,842) - -
Income (loss) before provision for income taxes………………………… (18,996) (56,404) 1,751
Provision (benefit) for income taxes……………………………………… (194) 126 577
Net income (loss)………………………………………………………… $ (18,802) $ (56,530) $ 1,174
Basic net income (loss) per share………………………………………… $ (0.53) $ (2.00) $ 0.04
Shares used to compute basic per share amounts………………………… 35,653 28,203 28,724
Diluted net income (loss) per share……………………………………… $ (0.53) $ (2.00) $ 0.04
Shares used to compute diluted per share amounts……………………… 35,653 28,203 29,156
See accompanying notes to consolidated financial statements.
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