Vistaprint 2007 Annual Report Download - page 45

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Form 10-K. See the notes to the consolidated financial statements for an explanation of the method
used to determine the number of shares used in computing basic and diluted net loss/income per
common share. The historical results are not necessarily indicative of the results to be expected for
any future period.
Year Ended June 30,
2007 2006 2005 2004 2003
(In thousands, except share and per share data)
Consolidated Statements of
Operations Data:
Revenue ....................... $ 255,933 $ 152,149 $ 90,885 $ 58,784 $35,431
Cost of revenue ................. 89,971 49,858 36,528 23,837 15,024
Technology and development
expense...................... 27,176 15,628 10,839 8,515 4,897
Marketing and selling expense . . . 87,887 51,174 32,372 19,138 11,901
General and administrative
expense...................... 23,694 16,624 5,813 3,968 2,485
Loss on contract termination ..... — — 21,000 — —
Income (loss) from operations .... 27,205 18,865 (15,667) 3,326 1,124
Interest income ................. 4,691 2,903 293 126 42
Other income (expense), net ..... (45) (494) (371) (79) 54
Interest expense ................ 1,828 1,256 390 83 —
Income (loss) from operations
before income taxes........... 30,023 20,018 (16,135) 3,290 1,220
Income tax provision (benefit) .... 2,880 783 84 (150) 747
Net income (loss) ............... $ 27,143 $ 19,235 $ (16,219) $ 3,440 $ 473
Net income (loss) attributable to
common shareholders:
Basic ...................... $ 27,143 $ 16,889 $ (21,032) $ 384 $ 51
Diluted ..................... $ 27,143 $ 19,235 $ (21,032) $ 414 $ 52
Basic net income (loss) per
share ........................ $ 0.64 $ 0.51 $ (1.85) $ 0.03 $ 0.00
Diluted net income (loss) per
share ........................ $ 0.60 $ 0.45 $ (1.85) $ 0.03 $ 0.00
Shares used in computing basic
net income (loss) attributable to
common shareholders per
share ........................ 42,445,991 33,147,287 11,358,575 11,014,842 11,609,068
Shares used in computing diluted
net income (loss) attributable to
common shareholders per
share ........................ 45,364,257 42,624,689 11,358,575 12,539,644 12,182,176
Share-based compensation ...... $ 8,765 $ 4,850 — — —
Form 10-K
41