Shutterfly 2007 Annual Report Download - page 77

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Table of Contents
SHUTTERFLY, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(In thousands, except per share amounts) — (Continued)
Note 12 — Quarterly Financial Data (Unaudited)
72
Year Ended December 31, 2006
First
Second
Third
Fourth
Quarter
Quarter
Quarter
Quarter
Net Revenues
$
16,883
$
19,637
$
21,155
$
65,678
Gross Profit
8,134
9,881
10,289
39,558
Net income (loss)
$
(1,565
)
$
(2,093
)
$
(2,747
)
$
12,203
Net income (loss) allocable to common shareholders
$
(1,565
)
$
(2,093
)
$
(2,747
)
$
12,203
Net income (loss) per common share:
Basic
$
(0.41
)
$
(0.54
)
$
(0.70
)
$
0.53
Diluted
$
(0.41
)
$
(0.54
)
$
(0.70
)
$
0.50
Year Ended December 31, 2005
First
Second
Third
Fourth
Quarter
Quarter
Quarter
Quarter
Net Revenues
$
13,156
$
14,115
$
15,610
$
41,021
Gross Profit
6,710
7,311
8,801
24,139
Income (loss) before income taxes and cumulative effect of change in accounting
principle
(683
)
(677
)
(1,650
)
7,440
Net income (loss)
$
(683
)
$
(609
)
$
(1,276
)
$
31,500
Net income (loss) allocable to common shareholders
$
(683
)
$
(609
)
$
(1,276
)
$
6,372
Net income (loss) per common share:
Basic
$
(0.23
)
$
(0.19
)
$
(0.38
)
$
1.78
Diluted
$
(0.23
)
$
(0.19
)
$
(0.38
)
$
1.23