Hypercom Corporation Annual Report - CiteSeer

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First Second Third Fourth Fiscal Quarter Quarter (B) Quarter Quarter (C) Year 2008: Net revenue $ 70,505 $ 123,168 $ 120,056 $ 120,513 $ 434,242 Gross profit Income (loss) before $ 19,560 $ 33,560 $ 38,456 $ 32,233 $ 123,809 discontinued operations Income (loss) from $ (607 ) $ (10,824 ) $ 632 $ (74,110 ) $ (84,909 ) discontinued operations 275 (71 ) (7 ) (691 ) (494 ) Net income (loss) $ (332 ) $ (10,895 ) $ 625 $ (74,801 ) $ (85,403 ) Basic income (loss) per share: Continuing operations $ (0.01 ) $ (0.20 ) $ 0.01 $ (1.39 ) $ (1.59 ) Discontinued operations — — — (0.01 ) (0.01 ) Net income (loss) $ (0.01 ) $ (0.20 ) $ 0.01 $ (1.40 ) $ (1.60 ) Diluted income (loss) per share: Continuing operations $ (0.01 ) $ (0.20 ) $ 0.01 $ (1.39 ) $ (1.59 ) Discontinued operations — — — (0.01 ) (0.01 ) Net income (loss) $ (0.01 ) $ (0.20 ) $ 0.01 $ (1.40 ) $ (1.60 ) First Second Third Fourth Fiscal Quarter Quarter (C) Quarter Quarter Year 2007: Net revenue $ 64,205 $ 66,269 $ 69,552 $ 89,501 $ 289,527 Gross profit Income (loss) before $ 20,614 $ 8,467 $ 21,029 $ 24,569 $ 74,679 discontinued operations Income (loss) from $ (3,290 ) $ (5,884 ) $ 254 $ (180 ) $ (9,100 ) discontinued operations 765 141 275 442 1,623 Net income (loss) $ (2,525 ) $ (5,743 ) $ 529 $ 262 $ (7,477 ) Basic income (loss) per share: Continuing operations $ (0.06 ) $ (0.11 ) $ 0.01 $ — $ (0.17 ) Discontinued operations 0.01 — — — 0.03 Net income (loss) $ (0.05 ) $ (0.11 ) $ 0.01 $ — $ (0.14 ) Diluted income (loss) per share: Continuing operations $ (0.06 ) $ (0.11 ) $ 0.01 $ — $ (0.17 ) Discontinued operations 0.01 — — — 0.03 Net income (loss) $ (0.05 ) $ (0.11 ) $ 0.01 $ — $ (0.14 ) - 85 -
First Second Third Fourth Fiscal Quarter Quarter (B) Quarter Quarter (C) Year 2006: Net revenue $ 60,969 $ 66,144 $ 56,669 $ 64,783 $ 248,565 Gross profit Income (loss) before $ 23,519 $ 27,394 $ 18,922 $ 19,190 $ 89,025 discontinued operations Income (loss) from $ 2,789 $ 4,210 $ 473 $ (2,735 ) $ 4,737 discontinued operations 349 2,018 (127 ) (7 ) 2,233 Net income (loss) $ 3,138 $ 6,228 $ 346 $ (2,742 ) $ 6,970 Basic income (loss) per share: Continuing operations $ 0.05 $ 0.08 $ 0.01 $ (0.05 ) $ 0.09 Discontinued operations 0.01 0.04 0.01 — 0.04 Net income (loss) $ 0.06 $ 0.12 $ 0.01 $ (0.05 ) $ 0.13 Diluted income (loss) per share: Continuing operations $ 0.05 $ 0.08 $ 0.01 $ (0.05 ) $ 0.09 Discontinued operations 0.01 0.03 0.01 — 0.04 Net income (loss) $ 0.06 $ 0.11 $ 0.02 $ (0.05 ) $ 0.13 (A) The first quarter was negatively impacted by a global economic downturn and the corresponding decrease in available credit to both businesses and consumers. (B) On April 1, 2008, the Company acquired all the outstanding shares in Thales e-Transaction. Revenue from the acquired entities was $49.1 million for the second quarter of 2008. (C) During the fourth quarter of 2008, the Company recorded $67.8 million non-cash write-downs of goodwill and intangible assets related to the various acquisitions. - 86 -
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Hypercom Corporation Annual Report
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i. to our StoCkhoLderS, CuStomerS,
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iii. 2009 highLightS January - Febr
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v. iphone SeCure paymentS SoLutionS
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vii. SmartpaymentS wynid Server-baS
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iX. hyperCom Corporation End-to-End
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(This Page Left Blank Intentionally
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Yes � No � Indicate by check ma
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CAUTIONARY STATEMENT REGARDING FORW
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On April 1, 2008, we acquired all o
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solution against payment card fraud
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aggressively transitioning into the
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Trusted Transaction Services — Ou
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and biometric authentication and en
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Proprietary Rights We rely upon pat
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• the type, timing and size of or
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affecting our business. However, if
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Furthermore, we utilize contract ma
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economic climate, the credit market
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Our failure to properly comply with
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espect of the related indebtedness.
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Lisa Shipley v. Hypercom Corporatio
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(e) In September 2006, we completed
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of our stock grants and only recogn
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In 2009, we incurred employee sever
Page 52 and 53: Costs of Revenue and Gross Profit C
Page 54 and 55: Net Revenues Net revenues increased
Page 56 and 57: Our products revenues relate primar
Page 58 and 59: Changes in operating assets and lia
Page 60 and 61: significantly impacted by a 100 bas
Page 62 and 63: Report of Independent Registered Pu
Page 64 and 65: Item 13. Certain Relationships and
Page 66 and 67: REPORT OF INDEPENDENT REGISTERED PU
Page 68 and 69: HYPERCOM CORPORATION CONSOLIDATED S
Page 70 and 71: HYPERCOM CORPORATION CONSOLIDATED S
Page 72 and 73: Allowance for Doubtful Accounts Pay
Page 74 and 75: Revenue Recognition Revenue is reco
Page 76 and 77: The Company does not provide for fe
Page 78 and 79: The purchase price consisted of the
Page 80 and 81: and assuming no subsequent impairme
Page 82 and 83: Of the $2.9 million of costs incurr
Page 84 and 85: 7. Leases Sales-Type Leases The Com
Page 86 and 87: 12. Product Warranty Liability The
Page 88 and 89: Long-term debt, which approximates
Page 90 and 91: the issuance of non-qualified stock
Page 92 and 93: 17. Income Taxes Loss before income
Page 94 and 95: enefit obligations as of December 3
Page 96 and 97: In determining the asset allocation
Page 98 and 99: The Company’s cash and cash equiv
Page 100 and 101: The Company’s depreciation and am
Page 104 and 105: EXHIBIT INDEX Exhibit Number Descri
Page 106 and 107: Exhibit Number Description of Exhib
Page 108 and 109: I, Thomas B. Sabol, certify that: C
Page 110 and 111: (This Page Left Blank Intentionally
Page 112 and 113: NOTES HYPERCOM CORPORATION
Page 114 and 115: Xi. StoCk perFormanCe Chart The fol
Page 116: World Headquarters: hypercom Corpor
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