Vistaprint 2008 Annual Report Download - page 46

Information regarding our equity compensation plans and the securities authorized for issuance
there under are set forth herein under Part III, Item 12 below.
Item 6. Selected Consolidated Financial Data
The selected consolidated financial data set forth below as of June 30, 2008 and 2007, and for the
years ended June 30, 2008, 2007 and 2006 are derived from our audited financial statements and included
elsewhere in this Annual Report on Form 10-K, as amended. The selected consolidated financial data as of
June 30, 2006, 2005 and 2004 and for the years ended June 30, 2005 and 2004 are derived from our
audited financial statements not included in this Annual Report on Form 10-K, as amended.
The following selected consolidated financial data should be read in conjunction with our consolidated
financial statements, the related notes and “Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations” included elsewhere in this Annual Report on Form 10-K, as amended.
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,
2008 2007 2006 2005 2004
(In thousands, except share and per share data)
Consolidated Statements of
Operations Data:
Revenue......................... $ 400,657 $ 255,933 $ 152,149 $ 90,885 $58,784
Cost of revenue .................. 154,122 89,971 49,858 36,528 23,837
Technology and development
expense ....................... 44,828 27,176 15,628 10,839 8,515
Marketing and selling expense..... 127,975 87,887 51,174 32,372 19,138
General and administrative
expense ....................... 32,572 23,694 16,624 5,813 3,968
Loss on contract termination....... — — — 21,000 —
Income (loss) from operations ..... 41,160 27,205 18,865 (15,667) 3,326
Interest income................... 4,160 4,691 2,903 293 126
Other income (expense), net ...... 427 (45) (494) (371) (79)
Interest expense.................. 1,655 1,828 1,256 390 83
Income (loss) before income
taxes .......................... 44,092 30,023 20,018 (16,135) 3,290
Income tax provision (benefit)...... 4,261 2,880 783 84 (150)
Net income (loss)................. $ 39,831 $ 27,143 $ 19,235 $ (16,219) $ 3,440
Net income (loss) attributable to
common shareholders:
Basic........................ $ 39,831 $ 27,143 $ 16,889 $ (21,032) $ 384
Diluted ...................... $ 39,831 $ 27,143 $ 19,235 $ (21,032) $ 414
Basic net income (loss) per
share.......................... $ 0.91 $ 0.64 $ 0.51 $ (1.85) $ 0.03
Diluted net income (loss) per
share.......................... $ 0.87 $ 0.60 $ 0.45 $ (1.85) $ 0.03
Shares used in computing basic net
income (loss) attributable to
common shareholders per
share.......................... 43,913,119 42,445,991 33,147,287 11,358,575 11,014,842
Shares used in computing diluted
net income (loss) attributable to
common shareholders per
share.......................... 46,016,364 45,364,257 42,624,689 11,358,575 12,539,644
Share-based compensation ....... $ 14,747 $ 8,765 $ 4,850 — —
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