Incredimail 2008 Annual Report Download - page 6

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PART I
Not applicable.
Not applicable.
The following tables present selected financial data and should be read in conjunction with “Item 5 – Operating and Financial Review and
Prospects” and our financial statements and related notes appearing elsewhere in this annual report. We derived the selected financial data below
for the years ended December 31, 2006, 2007 and 2008 and as of December 31, 2007 and 2008 from our audited financial statements included
elsewhere in this report. We derived the selected financial data below for the years ended December 31, 2004 and 2005 and as of December 31,
2004, 2005 and 2006 from our audited financial statements not included in this report. Our financial statements are prepared and presented in U.S.
dollars and in accordance with accounting principles generally accepted in the United States, or U.S. GAAP.
4
ITEM 1.
IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS
ITEM 2.
OFFER STATISTICS AND EXPECTED TIMETABLE
ITEM 3.
KEY INFORMATION
A.
SELECTED FINANCIAL DATA
Year ended December 31,
2004
2005
2006
2007
2008
(in thousands)
Statement of Operations Data:
Revenues
Advertising and other services
$
665
$
784
$
3,066
$
9,597
$
12,748
Products
5,543
6,618
7,785
9,078
9,158
6,208
7,402
10,851
18,675
21,906
Cost of products
473
570
858
1,740
1,795
Gross profit
5,735
6,832
9,993
16,935
20,111
Operating expenses:
Research and development costs
1,321
2,040
3,251
6,125
7,589
Selling and marketing expenses
576
925
1,767
4,682
7,343
General and administrative expenses
1,271
922
2,717
3,693
3,806
Goodwill impairment and other charges
-
-
-
163
1,153
Total operating expenses
3,168
3,887
7,735
14,663
19,891
Operating income
2,567
2,945
2,258
2,272
220
Financial income (expenses), net
75
(14
)
984
(3,641
)
4,494
Income (loss), before taxes on income
2,642
2,931
3,242
(1,369
)
4,714
Taxes on income (tax benefit)
(154
)
845
765
1,393
289
Tax expense in respect of dividend paid
out of tax
-
exempt income
-
937
-
-
-
Net income (loss)
$
2,796
$
1,149
$
2,477
$
(2,762
)
$
4,425
Year ended December 31,
2004
2005
2006
2007
2008
(in thousands)