NOEC Income Statement

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2010	FY 2009	FY 2008	FY 2007	FY 2006
Period Ending	Dec '10 Dec 31, 2010	Mar '10 Mar 31, 2010	Mar '09 Mar 31, 2009	Mar '08 Mar 31, 2008	Mar '07 Mar 31, 2007	Mar '06 Mar 31, 2006
Revenue	25.79	32.46	52.55	67.83	38.34	30.76
Revenue Growth (YoY)	-29.75%	-38.22%	-22.54%	76.93%	24.62%	37.22%
Cost of Revenue	29.94	38.04	54.04	56.98	32.73	26.58
Gross Profit	-4.14	-5.57	-1.49	10.85	5.61	4.18
Selling, General & Admin	2.99	3.76	3.77	4.26	1.9	0.94
Research & Development	0.07	0.08	0.14	0.08	-	-
Operating Expenses	3.06	3.85	3.91	4.34	1.9	0.94
Operating Income	-7.2	-9.42	-5.41	6.52	3.7	3.24
Interest Expense	-2.75	-1.96	-1.1	-0.52	-0.3	-0.16
Interest & Investment Income	-	-	-	-	0.06	0.02
Other Non Operating Income (Expenses)	-0	0	1.34	-0.03	0.35	0.37
EBT Excluding Unusual Items	-9.95	-11.38	-5.16	5.97	3.82	3.46
Gain (Loss) on Sale of Investments	0.01	0.01	-	-	-	-
Other Unusual Items	-0.24	-0.59	-	-	-	-
Pretax Income	-10.18	-11.95	-5.16	5.97	3.82	3.46
Income Tax Expense	0.48	0.85	-1.43	1.93	0.81	0.72
Earnings From Continuing Operations	-10.66	-12.8	-3.73	4.04	3.01	2.75
Earnings From Discontinued Operations	-	-	-	0.02	0.01	-
Net Income	-10.66	-12.8	-3.73	4.06	3.02	2.75
Net Income to Common	-10.66	-12.8	-3.73	4.06	3.02	2.75
Net Income Growth	-	-	-	34.64%	9.83%	11.63%
Shares Outstanding (Basic)	14	13	13	13	10	8
Shares Outstanding (Diluted)	14	13	13	13	10	8
Shares Change (YoY)	14.48%	-	-	27.39%	32.30%	-
EPS (Basic)	-0.74	-1.01	-0.30	0.32	0.30	0.37
EPS (Diluted)	-0.74	-1.01	-0.30	0.32	0.30	0.37
EPS Growth	-	-	-	5.69%	-16.98%	-
Free Cash Flow	-8.03	-11.03	-9.84	-6.1	-0.01	0.02
Free Cash Flow Per Share	-0.56	-0.87	-0.78	-0.48	-0.00	0.00
Gross Margin	-16.05%	-17.17%	-2.84%	16.00%	14.63%	13.59%
Operating Margin	-27.90%	-29.02%	-10.29%	9.61%	9.66%	10.52%
Profit Margin	-41.33%	-39.43%	-7.10%	5.99%	7.87%	8.93%
Free Cash Flow Margin	-31.13%	-33.97%	-18.73%	-8.99%	-0.02%	0.06%
EBITDA	-4.59	-6.82	-2.72	8.73	5.33	4.34
EBITDA Margin	-17.81%	-21.02%	-5.17%	12.88%	13.91%	14.12%
D&A For EBITDA	2.6	2.6	2.69	2.22	1.63	1.11
EBIT	-7.2	-9.42	-5.41	6.52	3.7	3.24
EBIT Margin	-27.90%	-29.02%	-10.29%	9.61%	9.66%	10.52%
Effective Tax Rate	-	-	-	32.36%	21.27%	20.68%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.