Vistaprint 2006 Annual Report Download - page 59

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Table of Contents VISTAPRINT LIMITED
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended June 30,
2006 2005 2004
(in thousands, except share and per share data)
Revenue $ 152,149 $ 90,885 $ 58,784
Cost of revenue (1) 49,858 36,528 23,837
Technology and development expense (1) 15,628 10,839 8,515
Marketing and selling expense (1) 51,174 32,372 19,138
General and administrative expense (1) 16,624 5,813 3,968
Loss on contract termination — 21,000 —
Income (loss) from operations 18,865 (15,667) 3,326
Other income (expenses), net 2,409 (78) 47
Interest expense 1,256 390 83
Income (loss) from operations before income taxes 20,018 (16,135) 3,290
Income tax provision (benefit) 783 84 (150)
Net income (loss) $ 19,235 $ (16,219) $ 3,440
Net income (loss) attributable to common shareholders:
Basic $ 16,889 $ (21,032) $ 384
Diluted $ 19,235 $ (21,032) $ 414
Basic net income (loss) per share $ 0.51 $ (1.85) $ 0.03
Diluted net income (loss) per share $ 0.45 $ (1.85) $ 0.03
Weighted average common shares outstanding—basic 33,147,287 11,358,575 11,014,842
Weighted average common shares outstanding—diluted 42,624,689 11,358,575 12,539,644
(1) Share−based compensation is allocated as follows:
Year Ended June 30,
2006 2005 2004
Cost of revenue $ 79 $— $—
Technology and development expense 596 — —
Marketing and selling expense 159 — —
General and administrative expense 4,016 — —
$4,850 $— $—
See accompanying notes.
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