TiVo 2007 Annual Report Download - page 62

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Table of Contents
TIVO INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share)
Twelve Months Ended January 31,
2008 2007 2006
Revenues
Service revenues $ 211,496 $ 198,924 $ 167,194
Technology revenues 19,382 18,409 2,797
Hardware revenues 41,798 41,588 28,138
Net revenues 272,676 258,921 198,129
Cost of revenues
Cost of service revenues (1) 42,976 43,328 34,179
Cost of technology revenues (1) 17,367 16,849 782
Cost of hardware revenues 91,918 112,212 86,817
Total cost of revenues 152,261 172,389 121,778
Gross margin 120,415 86,532 76,351
Research and development (1) 58,780 50,728 41,087
Sales and marketing (1) 23,987 22,520 18,610
Sales and marketing, subscription acquisition costs 31,050 20,767 18,641
General and administrative (1) 42,954 44,813 38,018
Total operating expenses 156,771 138,828 116,356
Loss from operations (36,356) (52,296) (40,005)
Interest income 5,031 4,767 3,084
Interest expense and other (102) (173) (14)
Loss before income taxes (31,427) (47,702) (36,935)
Provision for income taxes (30) (52) (64)
Net loss $ (31,457) $ (47,754) $ (36,999)
Net loss per common share - basic and diluted $ (0.32) $ (0.53) $ (0.44)
Weighted average common shares used to calculate basic and diluted net loss per share 97,510,576 89,864,237 83,682,575
(1) Includes stock-based compensation expense as follows :
Cost of service revenues $ 729 $ 470 $ —
Cost of technology revenues 2,422 1,020 —
Research and development 7,326 5,596 (85)
Sales and marketing 2,205 1,649 55
General and administrative 10,157 5,977 415
The accompanying notes are an integral part of these consolidated financial statements.
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