Incredimail 2009 Annual Report Download - page 86

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INCREDIMAIL LTD .
AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
U .S. dollars in thousands (except share and per share data)
The accompanying notes are an integral part of the consolidated financial statements.
Year ended December 31,
2007
2008
2009
Revenues:
Advertising and other services
$
9,597
$
12,748
$
20,478
Products
9,078
9,158
6,717
18,675
21,906
27,195
Cost of revenues
1,740
1,795
1,579
Gross profit
16,935
20,111
25,616
Operating expenses:
Research and development
6,125
7,589
5,972
Selling and marketing
4,682
7,343
4,824
General and administrative
3,693
3,806
3,334
Goodwill impairment and restructuring
163
1,153
-
Total
operating expenses
14,663
19,891
14,130
Operating income
2,272
220
11,486
Financial income (expenses), net
(3,641
)
4,494
72
Income (loss) before taxes on income
(1,369
)
4,714
11,558
Taxes on income
1,393
289
3,545
Net income (loss)
$
(2,762
)
$
4,425
$
8,013
Net earnings (loss) per Ordinary share:
Basic
$
(0.29
)
$
0.47
$
0.86
Diluted
$
(0.29
)
$
0.46
$
0.84
F-5