Benefitfocus, Inc.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Total Revenue 104,752 81,739 68,783
Cost of Revenue 62,411 44,400 42,133
Gross Profit 42,341 37,339 26,650
Operating Expenses
Research and Development 23,532 14,621 9,120
Sales, General and Admin. 47,003 35,520 28,877
Non-Recurring Items - - 1,670
Other - - -
Operating Income (28,194) (12,802) (13,017)
Income From Continuing Operations
Add'l Income/Expense Items (49) (11) (38)
Earnings Before Interest and Tax (28,243) (12,813) (13,055)
Interest Expense 2,149 1,976 1,974
Earnings Before Tax (30,392) (14,789) (15,029)
Income Tax (31) 84 35
Minority Interest - - -
Equity Earnings Unconsolidated Subsidiary - - -
Net Income Cont. Operations (30,361) (14,873) (15,064)
Non Recurring Events
Discontinued Operations - - -
Extraordinary Items - - -
Effect of Accounting Changes - - -
Other Items - - -
Net Income (30,361) (14,873) (15,064)
Preferred Stock and Other Adjustments - - -
Net Income Applicable to Common Shareholders (30,361) (14,873) (15,064)