TeleNav 2010 Annual Report Download - page 58
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Results of operations
The following tables set forth our results of operations for fiscal 2008, 2009 and 2010, as well as a
percentage that each line item represents of our revenue for those periods. The additional key metrics presented
are used in addition to the financial measures reflected in the consolidated statements of income data to help us
evaluate growth trends, establish budgets and measure the effectiveness of our sales and marketing efforts. The
period to period comparison of financial results is not necessarily indicative of financial results to be achieved in
future periods.
Fiscal Year Ended June 30,
2010 2009 2008
(in thousands)
Consolidated Statements of Income Data
Revenue ........................................................ $171,162 $110,880 $48,065
Cost of revenue ................................................... 29,481 20,250 11,359
Gross profit .................................................. 141,681 90,630 36,706
Operating expenses:
Research and development ...................................... 41,556 23,500 13,687
Sales and marketing ........................................... 17,197 16,536 13,245
General and administrative ..................................... 14,518 8,302 4,993
Total operating expenses ................................... 73,271 48,338 31,925
Income from operations ............................................ 68,410 42,292 4,781
Other income (expense), net ......................................... (407) (776) 10
Income before provision for income taxes .............................. 68,003 41,516 4,791
Provision for income taxes .......................................... 26,593 11,898 184
Net income ...................................................... $ 41,410 $ 29,618 $ 4,607
Fiscal Year Ended June 30,
2010 2009 2008
(as a percentage of revenue)
Revenue ........................................................ 100% 100% 100%
Cost of revenue ................................................... 17 18 24
Gross profit .................................................. 83 82 76
Operating expenses:
Research and development ...................................... 24 21 28
Sales and marketing ........................................... 10 15 28
General and administrative ..................................... 9 8 10
Total operating expenses ................................... 43 44 66
Income from operations ............................................ 40 38 10
Other income (expense), net ......................................... — (1) —
Income before provision for income taxes .............................. 40 37 10
Provision for income taxes .......................................... 16 11 —
Net income ...................................................... 24% 27% 10%
Fiscal Year Ended June 30,
2010 2009 2008
(in millions, except per user data)
Additional Key Metrics
Average monthly revenue per user (ARPU) ............................ $ 1.04 $ 1.28 $ 3.58
Average monthly paying end users ................................... 13.5 7.1 1.1
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