Valentine Mark Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2011	FY 2010	FY 2009	FY 2008	FY 2007
Period Ending	Mar '12 Mar 31, 2012	Dec '11 Dec 31, 2011	Dec '10 Dec 31, 2010	Dec '09 Dec 31, 2009	Dec '08 Dec 31, 2008	Dec '07 Dec 31, 2007
Revenue	1.76	1.13	0.73	1.95	1.26	0.23
Revenue Growth (YoY)	33.03%	55.47%	-62.58%	55.18%	445.82%	283.89%
Cost of Revenue	1.24	0.94	1.27	1.02	0.61	0.1
Gross Profit	0.52	0.19	-0.54	0.93	0.65	0.13
Selling, General & Admin	0.56	0.41	1.01	0.23	0.11	0.1
Operating Expenses	0.56	0.41	1.01	0.23	0.11	0.1
Operating Income	-0.04	-0.22	-1.55	0.71	0.54	0.04
Interest Expense	-	-	-0.01	-0	-0.01	-0
Other Non Operating Income (Expenses)	-	-0	-0	-	-	-
EBT Excluding Unusual Items	-0.04	-0.22	-1.56	0.7	0.54	0.03
Other Unusual Items	-	-	-	0.08	-	-
Pretax Income	-0.04	-0.22	-1.56	0.78	0.54	0.03
Income Tax Expense	-	-	-	0.31	0.21	0
Earnings From Continuing Operations	-0.04	-0.22	-1.56	0.47	0.33	0.03
Minority Interest in Earnings	-	-	0.03	-0.03	0.01	0
Net Income	-0.04	-0.22	-1.52	0.44	0.34	0.03
Net Income to Common	-0.04	-0.22	-1.52	0.44	0.34	0.03
Net Income Growth	-	-	-	30.07%	913.02%	1263.67%
Shares Outstanding (Basic)	0	0	0	0	0	0
Shares Outstanding (Diluted)	0	0	0	0	0	0
Shares Change (YoY)	1.16%	2.54%	24.69%	15.41%	5.81%	-
EPS (Basic)	-0.46	-2.34	-16.66	5.96	5.29	0.55
EPS (Diluted)	-0.46	-2.34	-16.66	5.96	5.29	0.55
EPS Growth	-	-	-	12.71%	857.38%	-
Free Cash Flow	0.1	-0.04	-0.15	-0.08	0.35	0.16
Free Cash Flow Per Share	1.10	-0.43	-1.64	-1.15	5.44	2.60
Gross Margin	29.47%	17.15%	-74.03%	47.84%	51.87%	58.04%
Operating Margin	-2.45%	-19.33%	-212.16%	36.19%	43.29%	15.66%
Profit Margin	-2.45%	-19.33%	-208.87%	22.44%	26.77%	14.42%
Free Cash Flow Margin	5.88%	-3.53%	-20.59%	-4.31%	27.51%	67.88%
EBITDA	-	-0.21	-1.54	0.71	0.55	0.04
EBITDA Margin	-	-18.61%	-211.05%	36.24%	43.47%	17.02%
D&A For EBITDA	-	0.01	0.01	0	0	0
EBIT	-0.04	-0.22	-1.55	0.71	0.54	0.04
EBIT Margin	-2.45%	-19.33%	-212.16%	36.19%	43.29%	15.66%
Effective Tax Rate	-	-	-	40.00%	38.81%	4.89%

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