Enom 2010 Annual Report Download - page 70

Table of Contents
Results of Operations
The following tables set forth our results of operations for the periods presented. The period-to-period comparison of financial results is not necessarily
indicative of future results.
Year ended December 31,
2008 2009 2010
(In thousands)
Revenue $ 170,250 $ 198,452 $ 252,936
Operating expenses(1)(2):
Service costs (exclusive of amortization of intangible assets) 98,184 114,536 131,332
Sales and marketing 15,310 20,044 24,424
Product development 14,252 21,657 26,538
General and administrative 28,070 28,479 37,371
Amortization of intangible assets 33,204 32,152 33,750
Total operating expenses 189,020 216,868 253,415
Loss from operations (18,770) (18,416) (479)
Other income (expense)
Interest income 1,636 494 25
Interest expense (2,131) (1,759) (688)
Other income (expense), net (250) (19) (286)
Total other expense (745) (1,284) (949)
Loss before income taxes (19,515) (19,700) (1,428)
Income tax benefit (expense) 4,612 (2,771) (3,897)
Net loss (14,903) (22,471) (5,325)
Cumulative preferred stock dividends (28,209) (30,848) (33,251)
Net loss attributable to common shareholders $ (43,112) $ (53,319) $ (38,576)
Depreciation expense included in the above line items:(1)
Service costs $ 8,158 $ 11,882 $ 14,783
Sales and marketing 94 184 187
Product development 1,094 1,434 1,346
General and administrative 1,160 1,463 1,950
Total depreciation expense $ 10,506 $ 14,963 $ 18,266
Stock-based compensation included in the above line items:(2)
Service costs $ 532 $ 527 $ 868
Sales and marketing 1,526 1,611 2,379
Product development 875 1,504 1,692
General and administrative 3,037 4,094 4,750
Total stock-based compensation $ 5,970 $ 7,736 $ 9,689
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