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THE POWERPOINT PARADOX                  111




                                                 YEAR ENDED DECEMBER 31,
                                            (IN THOUSANDS, EXCEPT PER SHARE DATA)
                                    2010    2011   2012   2013   2014
             Statement of operations data
              New revenues
                Widget              $3,016  $5,834  $9,999  $12,720  $14,821
                Knickknack             4    1,302  1,836  2,960  5,815
                Other                  —     150    112    676   664
             Total net revenues      3,020  7,286  11,947  16,356  20,800
             Gross profit             1,734  4,664  7,864  10,288  1,351
             Expenses
              Selling                1,933  2,618  3,364  4,008  4,958
              Marketing               151     87    246   1,035  1,433
               Research and development  657  493   966   1,667  1,899
               General and administrative  1,535  1,331  2,129  2,518  3,171
                Total expenses       4,276  4,529  6,705  9,228  11,461
             Income (loss) before
               international operating expenses, net  (2,542)  135  1,159  1,060  1,890
             International operating expenses, net (1)  —  181  460  464  943
             Net interest income (expense)  (114)  57  57  (12)   85
             Provision for income taxes (2)  —  —    6      30    24
             Net income (loss)      $(2,656)  $11  $750    $554  $1,008
             Net income (loss) per share  $(1.24)  $—  $.20  $.14  $.25
             Weighted average shares outstanding  2,148  3,514  3,707  3,906  4,095




              This chart might suffice for an accountant or fi nancial manager
           who is used to working almost exclusively with tables. But for a

           nonfinancial audience interested only in total net revenues, we may
           want to redesign a portion of the table to look more like this:




            $25,000

             20,000

             15,000


             10,000

              5,000

                0
                       2010      2011     2012     2013    2014
   115   116   117   118   119   120   121   122   123   124   125