Average:

The average column shows the average of the data for all the companies; the average is calculated horizontally for each line of data. Each average data point is based only on the number of companies reporting that data element, i.e., if only 3 companies out of 5 report a particular data point, the average would be for the three companies, not for 5 companies. The average column is particularly useful when looking at comparable companies of similar size

Market Capitalization:

Market Capitalization is based on Fully Diluted shares outstanding and calculated as of the last period end date using shares outstanding and the closing day price as of that date.

Recognized Revenues:

The aggregate amount for revenues earned during reporting entity's normal operating business (e.g. sale of goods, providing services, or other major operations) for an accounting period.) report total revenues. In addition, some software companies may report separately Licensed Software, Subscription Fees and even Services Revenue representing the revenues from sales of Software-as-a-Service, which makes the break-out between product and services imperfect. We have used the allocations for revenue derived from our data provider, Edgar On-Line, Inc.

Financial statements vary across sectors, industries and companies. Currently there are no standardized requirements for the level of detail companies must provide in financial reports. Some companies only provide a summary level of detail for revenues or cost of sales, while others list all components of their streams of revenues and cost of goods and services. We have made every effort to provide a level of detail that captures detail when it is provided by the companies.

Recognized Revenues (Prior Period):

Recognized Revenue Prior Period is based upon year prior to input time period. If using H1 or H2, the calculation would use H1 or H2 from the prior year.

Recognized Revenue + Change in Deferred Revenue:

We include the change in short term deferred revenues as an imperfect proxy for bookings. We believe for companies with a large proportion of subscription based revenues and/or revenues that are recognized ratably over the period of a contract, that this calculation is a good approximation for realizable revenues. Change in deferred revenue refers to the period input less the end of prior fiscal year.

Short-term Deferred Revenue:

Current obligation of unearned revenue, including refund obligations due within one year or one business cycle.

Total Cost of Revenue:

The aggregate amount for purchase price (for retailers) or production costs (for manufacturers) associated with items sold during an accounting period and costs incurred for services delivered during that period.

Financial statements vary across sectors, industries and companies. Currently there are no standardized requirements for the level of detail companies must provide in financial reports. Some companies only provide a summary level of detail for revenues or cost of sales, while others list all components of their streams of revenues and cost of goods and services. We have made every effort to provide a level of detail that captures detail when it is provided by the companies.

S&M Expenses

Sales and Marketing are a category of expenses directly related to the marketing or selling of products or services.

G&A Expenses

G&A are generally recurring costs associated with normal operations and currently chargeable against revenue, excluding those directly related to the marketing or selling of products or services.

SG&A Expenses

Sales, General & Administrative expenses are the generally recurring costs associated with normal operations and currently chargeable against revenue including those directly related to the marketing or selling of products and/or services. The aggregate amount for Selling, General and Administrative Expenses incurred during an accounting period; they are major operating expenses to a reporting entity. Some companies do not break out S&M or G&A. In these cases S&M and G&A expenses are rolled into SG&A expenses.

R&D Expenses

Research and Development expenses are the aggregate costs incurred during an accounting period to research and develop new products/technologies when the technological feasibility has not been reached (such costs should be capitalized rather than expensed after reaching technological feasibility). Research and development includes engineering expenses.

Total Operating Expenses:

The aggregate amount for periodic, non-manufacturing costs incurred during reporting entity's normal operating activities; generally may be classified into selling expenses (e.g. advertising expenses, storage/shipping expenses) and general & administrative expenses (e.g. ECO's compensation, insurance expenses). Total Operating Expenses excludes Cost of Revenues and Cost of Services.

Gross Profit:

Gross Profit is defined as Operating Revenue less Cost of Goods and/or Services Sold.

Operating Income/(Loss):

Operating Income/(Loss) is defined as Gross Profit less operating expenses.

Net Income/(Loss):

Net Income is defined as all revenue less all expenses.

Pre-tax Income/(Loss):

Pre-tax Income/ Loss is defined as Income/(Loss) from Continuing Operations Before Income Taxes. It is the sum of operating profit and non-operating income/(expense).

EBITDA:

EBITDA is defined by EOL, the source for OPEXEngine data, as Revenue less Expenses (excluding tax, interest, depreciation, and amortization).

Total Capital:

Total Capital is the sum of all equities and total debt of a company. Total Capital = Total Stock Holders Equity + Total Debt + Minority Interest.

Cash and Cash Equivalents:

Cash and Cash Equivalents are the most liquid category of current assets, including money on hand, in bank, and very short-term investment (with maturity of 90 days or less) that is ready to be converted to cash with known amount. Cash and short-term, highly liquid investments are readily convertible to known amounts of cash and are so near their maturity that they present negligible risk of changes in value due to changes in interest rates - usually with an original maturity less than 90 days. This includes restricted cash, treasury bills, commercial paper and money market funds and other operating cash balances.

Accounts Receivable:

Aggregate amount to be collected by the reporting entity that will be due on account (Accounts Receivable) or on written promise to pay (Notes Receivable), net of any allowance for uncollectible amounts.

Current Assets:

Sum of all current assets - those assets that are reasonably expected to be realized in cash or sold or consumed within a year or within the normal operating cycle of the entity.

Accounts Payable:

Obligations arising from transactions conducted on open account due within one year or one operating cycle.

Current Liabilities:

Total obligations incurred as part of normal operations that is expected to be repaid during the following twelve months or one business cycle.

Long Term Debt:

Portion of long-term debt that is due greater than one year in the future.

Total Liabilities:

Gross Margin:

Gross Margin is defined as the margin available to cover expenses other than cost of goods sold. The calculation is Gross Profit / Total Revenue.

Operating Margin:

Operating Margin measures pricing strategy and operating efficiency. Analysis of operating margin is best used when comparing one company's operating margin to that of its competitors. A higher margin is better for the company. The calculation is Operating Income / Total Revenue.

Pre-Tax Margin:

Pre-Tax Margin is defined as the amount the company is able to convert from revenue to profix (pre-tax). The calculation is Earnings before tax / Total Revenue.

Net Margin:

Net Margin is calculated as Net Income/ Total Revenue.

Revenue Growth Estimate:

Revenue Growth Estimate is calculated using the mean consensus sales estimate for the fiscal year end.

3 Year Revenue CAGR:

3 Year Revenue CAGR measures the compound annual growth rate for Revenue over last 3 Years. It is calculated using this Quarter TTM value for Revenue / TTM Value of Revenue 3 Years ago) raised to the power of 1/3; and this whole thing subtracted by 1. It is calculated using 3 years prior to the input period, whether for a fiscal year or a particular quarter. If the period chosen is for half year data, the 3 Year Revenue CAGR for the latter quarter of the half year (ie.Q2 for H1 and Q4 for H2).

Recognized Revenue Growth/ Prior Period:

Recognized Revenue Growth/ Prior Period is calculated with period prior to input time period. If using H1 or H2, the calculation would use H1 or H2 from the prior year.

Mean Analyst Revenue Estimate:

Mean Analyst Revenue Estimate is for the current fiscal year ONLY. This estimate is valid only for the unfinished year that is not yet reported. Analyst estimates are expectations of what a company will report in the future.

Headcount totals are based on the end of the last reported fiscal year. For example, if you are looking at a report for Q2 2008, the ratio of Revenue per Employee would take Q2 2008 revenue divided by end of 2007 headcount. Given that it is impossible to get perfect headcounts for the exact time periods for every report, we believe this is the best approximation. However, if it is a Q4, H2 or full year report, headcount total is as of the end of that fiscal year.

Cash Ratio:

Cash ratio is defined as Cash and Cash Equivalents/ Current Liabilities. This illustrates the ability of a company to meet its current obligations with cash and cash equivalents.

Current Ratio:

Current Ratio is defined as Current Assets/Current Liabilities. This ratio illustrates the ability of a company to meet its current obligations with its most liquid assets.

Accounts Payable Turnover Days:

Accounts Payable Turnover Days. This represents the average number of days it takes the company to pay its suppliers.

Accounts Receivable Days Outstanding:

Accounts Receivable Days Outstanding is defined as the average number of days it takes the company to collect receivables. The calculation is 365 / Accounts Receivable Turnover (TTM)

Long Term Debt to Total Capital Ratio:

Long Term Debt to Total Capital RatioLong Term Debt to Total Capital is a leverage ratio which compares the company's long-term debt to its available capital. The calculation is Long Term Debt / Total Capital

Average:

The average column shows the average of the data for all the companies; the average is calculated horizontally for each line of data. Each average data point is based only on the number of companies reporting that data element, i.e., if only 3 companies out of 5 report a particular data point, the average would be for the three companies, not for 5 companies. The average column is particularly useful when looking at comparable companies of similar size.

Market Capitalization:

Market Capitalization is based on Fully Diluted shares outstanding and calculated as of the last period end date using shares outstanding and the closing day price as of that date.

Recognized Revenues:

Many companies break-out their revenues by product and services, however, some only report total revenues. In addition, some software companies may report separately Licensed Software, Subscription Fees and even Services Revenue representing the revenues from sales of Software-as-a-Service, which makes the break-out between product and services imperfect. We have used the allocations for revenue derived from our data provider, Edgar On-Line, Inc.

Recognized Revenue + Change in Deferred Revenue:

We include the change in short term deferred revenues as an imperfect proxy for bookings. We believe for companies with a large proportion of subscription based revenues and/or revenues that are recognized ratably over the period of a contract, that this calculation is a good approximation for realizable revenues. Change in deferred revenue refers to the period input less the end of prior fiscal year.

G&A, S&M and SG&A:

G&A are generally recurring costs associated with normal operations and currently chargeable against revenue, excluding those directly related to the marketing or selling of products or services.

S&M are expenses directly related to the marketing or selling of products or services.

SG&A are the generally recurring costs associated with normal operations and currently chargeable against revenue including those directly related to the marketing or selling of products and/or services. The aggregate amount for Selling, General and Administrative Expenses incurred during an accounting period; they are major operating expenses to a reporting entity. Some companies do not break out S&M or G&A. In these cases S&M and G&A expenses are rolled into SG&A expenses.

Total Operating Expenses:

Total Operating Expenses excludes Cost of Revenues and Cost of Services.

Total Income Tax:

The aggregate estimated amount charged against periodic earnings for current and deferred income taxes.

Current Debt and Capital Lease Obligations:

The aggregate amount for the current portion (due within one year or one operating cycle) of long-term debt and unpaid capital lease obligations (where the reporting-entity-lessee and has ownership to the leased asset) at the end of an accounting period.

Headcount totals are based on the end of the last reported fiscal year. For example, if you are looking at a report for Q2 2008, the ratio of Revenue per Employee would take Q2 2008 revenue divided by end of 2007 headcount. However, if it is a Q4, H2 or full year report, headcount total is as of the end of that fiscal year.

Average:

The average column shows the average of the data for all the companies; the average is calculated horizontally for each line of data. Each average data point is based only on the number of companies reporting that data element, i.e., if only 3 companies out of 5 report a particular data point, the average would be for the three companies, not for 5 companies. The average column is particularly useful when looking at comparable companies of similar size.

Market Capitalization:

Market Capitalization is based on Fully Diluted shares outstanding and calculated as of the last period end date using shares outstanding and the closing day price as of that date.

Recognized Revenues:

Many companies break-out their revenues by product and services, however, some only report total revenues. In addition, some software companies may report separately Licensed Software, Subscription Fees and even Services Revenue representing the revenues from sales of Software-as-a-Service, which makes the break-out between product and services imperfect. We have used the allocations for revenue derived from our data provider, Edgar On-Line, Inc.

Recognized Revenue + Change in Deferred Revenue:

We include the change in short term deferred revenues as an imperfect proxy for bookings. We believe for companies with a large proportion of subscription based revenues and/or revenues that are recognized ratably over the period of a contract, that this calculation is a good approximation for realizable revenues. Change in deferred revenue refers to the period input less the end of prior fiscal year.

R&D:

R&D The aggregate costs incurred during an accounting period to research and develop new products/technologies when the technological feasibility has not been reached (such costs should be capitalized rather than expensed after reaching technological feasibility). Research and development includes engineering expenses.

Total Operating Expenses:

Total Operating Expenses excludes Cost of Revenues and Cost of Services.

Headcount totals are based on the end of the last reported fiscal year. For example, if you are looking at a report for Q2 2008, the ratio of Revenue per Employee would take Q2 2008 revenue divided by end of 2007 headcount. However, if it is a Q4, H2 or full year report, headcount total is as of the end of that fiscal year.

Average:

The average column shows the average of the data for all the companies; the average is calculated horizontally for each line of data. Each average data point is based only on the number of companies reporting that data element, i.e., if only 3 companies out of 5 report a particular data point, the average would be for the three companies, not for 5 companies. The average column is particularly useful when looking at comparable companies of similar size.

Market Capitalization:

Market Capitalization is based on Fully Diluted shares outstanding and calculated as of the last period end date using shares outstanding and the closing day price as of that date.

Recognized Revenues:

Many companies break-out their revenues by product and services, however, some only report total revenues. In addition, some software companies may report separately Licensed Software, Subscription Fees and even Services Revenue representing the revenues from sales of Software-as-a-Service, which makes the break-out between product and services imperfect. We have used the allocations for revenue derived from our data provider, Edgar On-Line, Inc.

Recognized Revenue + Change in Deferred Revenue:

We include the change in short term deferred revenues as an imperfect proxy for bookings. We believe for companies with a large proportion of subscription based revenues and/or revenues that are recognized ratably over the period of a contract, that this calculation is a good approximation for realizable revenues. Change in deferred revenue refers to the period input less the end of prior fiscal year.

Recognized Revenue Growth/Prior Period

Recognized Revenue Growth/ Prior Period is calculated with period prior to input time period. If using H1 or H2, the calculation would use H1 or H2 from the prior year.

3 Year Revenue CAGR:

3 Year Revenue CAGR measures the compound annual growth rate for Revenue over last 3 Years. It is calculated using this Quarter TTM value for Revenue / TTM Value of Revenue 3 Years ago) raised to the power of 1/3; and this whole thing subtracted by 1. It is calculated using 3 years prior to the input period, whether for a fiscal year or a particular quarter. If the period chosen is for half year data, the 3 Year Revenue CAGR for the latter quarter of the half year (ie.Q2 for H1 and Q4 for H2).

Mean Analyst Revenue Estimate

Mean Analyst Revenue Estimate is for the current fiscal year ONLY. This estimate is valid only for the unfinished year that is not yet reported. Analyst estimates are expectations of what a company will report in the future.

S&M, G&A, and SG&A:

S&M are expenses directly related to the marketing or selling of products or services.

G&A are generally recurring costs associated with normal operations and currently chargeable against revenue, excluding those directly related to the marketing or selling of products or services.

SG&A are the generally recurring costs associated with normal operations and currently chargeable against revenue including those directly related to the marketing or selling of products and/or services. The aggregate amount for Selling, General and Administrative Expenses incurred during an accounting period; they are major operating expenses to a reporting entity. Some companies do not break out S&M or G&A. In these cases S&M and G&A expenses are rolled into SG&A expenses.

Total Operating Expenses:

Total Operating Expenses excludes Cost of Revenues and Cost of Services.

Headcount totals are based on the end of the last reported fiscal year. For example, if you are looking at a report for Q2 2008, the ratio of Revenue per Employee would take Q2 2008 revenue divided by end of 2007 headcount. However, if it is a Q4, H2 or full year report, headcount total is as of the end of that fiscal year.