Incredimail 2010 Annual Report Download - page 88

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INCREDIMAIL LTD .
AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
U.S. dollars in thousands (except per share data)
The accompanying notes are an integral part of the consolidated financial statements.
Year ended December 31,
2008
2009
2010
Revenues:
Advertising and other services
$
12,748
$
20,478
$
24,093
Products
9,158
6,717
5,404
21,906
27,195
29,497
Cost of revenues
1,687
1,505
1,606
Gross profit
20,219
25,690
27,891
Operating expenses:
Research and development
7,838
6,254
6,607
Selling and marketing
7,202
4,616
5,244
General and administrative
3,806
3,334
4,741
Goodwill impairment and restructuring
1,153
-
-
Total operating expenses
19,999
14,204
16,592
Operating income
220
11,486
11,299
Financial income, net
4,494
72
322
Income before taxes on income
4,714
11,558
11,621
Taxes on income
289
3,545
3,232
Net income
$
4,425
$
8,013
$
8,389
Net earnings per Ordinary share:
Basic
$
0.47
$
0.86
$
0.87
Diluted
$
0.46
$
0.84
$
0.85
F
-
5