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[posting]39240701[/posting]54 %-iger Revenue Anstieg, nicht schlecht und das noch ohne die Lumera Module:

Results of Operations


Revenue

Revenue for the periods reported was as follows (in thousands, except
percentages):



Years ended December 31,
2009 2008
Product $ 11,290 $ 9,411
Government contract 4,811 244
Effect of change in estimated billing rates under
government contracts (1,275 ) -

Total revenue $ 14,826 $ 9,655
Increase, period over period $ 5,171
Percentage increase, period over period 54 %




Revenue for the year ended December 31, 2009 was $14.8 million, an increase of $5.2 million or 54% compared with $9.7 million for the year ended December 31, 2008. The increase in revenue was a result of the benefit we received from key transactions, including the merger with Lumera in December 2008, which contributed government contract revenue in 2009 of $4.8 million and the acquisition of ChipX in November 2009, which contributed product revenue of $2.1 million for the period from the date of its acquisition on November 9, 2009 through the end of our fiscal year. These increases were offset by a change in the estimated billing rates used under government contracts, resulting in a reduction in revenue of $1.3 million.

Gross Profit

Gross profit consists of revenue, less cost of revenue, which includes amortization of certain identified intangible assets. Cost of revenue consists primarily of the manufacture of saleable chips, including outsourced wafer fabrication and testing. Amortization expense of identified intangible assets, namely existing technology, is presented within of cost of revenue, as the intangible assets were determined to be directly attributable to revenue generating activities.

Cost of revenue and gross profit for the periods presented was as follows (in thousands, except percentages):


Years ended December 31,
Cost of Revenue 2009 2008
Product $ 5,996 $ 3,651
Government contract 2,137 116

. . .




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