Piksel, Inc.

PIKL · OTC
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12/31/2011
12/31/2010
12/31/2009
12/31/2008
Revenue$214,932$106,597$47,284$23,401
% Growth101.6%125.4%102.1%
Cost of Goods Sold$56,378$46,143$21,720$10,397
Gross Profit$158,554$60,454$25,564$13,004
% Margin73.8%56.7%54.1%55.6%
R&D Expenses$0$0$0$0
G&A Expenses$150,540$63,375$26,966$0
SG&A Expenses$150,540$63,375$26,966$25,104
Sales & Mktg Exp.$0$0$0$0
Other Operating Expenses$35,843$17,735$9,757$6,606
Operating Expenses$186,383$81,110$36,723$31,710
Operating Income-$27,829-$20,656-$11,159-$18,706
% Margin-12.9%-19.4%-23.6%-79.9%
Other Income/Exp. Net$1,522-$14,086-$7,669-$260
Pre-Tax Income-$26,307-$34,742-$18,828-$18,966
Tax Expense$816$518$1,114$116
Net Income-$27,123-$35,260-$19,942-$18,975
% Margin-12.6%-33.1%-42.2%-81.1%
EPS-0.61-1.63-3.03-7.55
% Growth62.6%46.2%59.9%
EPS Diluted-0.61-1.63-3.03-7.55
Weighted Avg Shares Out41,35521,5876,5742,512
Weighted Avg Shares Out Dil41,35521,5876,5742,512
Supplemental Information
Interest Income$217$82$50$164
Interest Expense$2,463$860$519$228
Depreciation & Amortization$14,912$8,368$4,202$1,771
EBITDA-$8,932-$25,514-$14,107-$16,967
% Margin-4.2%-23.9%-29.8%-72.5%