Hypercom Corporation Annual Report - CiteSeer

HYPERCOM CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended December 31,
2009 2008 2007
(Dollars in thousands, except per share data)
Net revenue:
Products $ 303,999 $ 320,692 $ 206,360
Services 102,904 113,550 83,167
Total net revenue
Costs of revenue:
406,903 434,242 289,527
Products 197,763 219,575 149,787
Services 77,815 87,783 64,734
Amortization of purchased intangible assets 2,891 3,075 327
Total costs of revenue 278,469 310,433 214,848
Gross profit
Operating expenses:
128,434 123,809 74,679
Research and development 44,486 45,901 28,753
Selling, general and administrative 74,681 81,144 59,964
Amortization of purchased intangible assets 6,147 5,678 502
Impairment of goodwill and intangible assets — 67,798 —
Gain on sale of real property — — (3,796 )
Total operating expenses 125,314 200,521 85,423
Income (loss) from operations 3,120 (76,712 ) (10,744 )
Interest income 296 1,466 3,954
Interest expense (10,990 ) (6,822 ) (122 )
Foreign currency income (loss) 411 (1,821 ) (1,685 )
Other income (expense)
Loss before income taxes and discontinued
390 191 (25 )
operations (6,773 ) (83,698 ) (8,622 )
Benefit (provision) for income taxes 829 (1,211 ) (478 )
Loss before discontinued operations (5,944 ) (84,909 ) (9,100 )
Income (loss) from discontinued operations (924 ) (494 ) 1,623
Net loss $ (6,868 ) $ (85,403 ) $ (7,477 )
Basic and diluted income (loss) per share:
Loss before discontinued operations $ (0.11 ) $ (1.59 ) $ (0.17 )
Income (loss) from discontinued operations (0.02 ) (0.01 ) 0.03
Basic and diluted loss per share $ (0.13 ) $ (1.60 ) $ (0.14 )
Shares used in computing net income (loss) per
common share:
Basic and diluted 53,526,493 53,321,154 52,927,296
The accompanying notes are an integral part of these consolidated financial statements.
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