Good point, that must be it. It seemed consistent with something I remember reading last year where they had made some implausibly small profit. For example, the article says:
Non-GAAP EPS was $0.05 for the fourth quarter of 2011 compared to $0.09 for the fourth quarter of 2010.
I think what this really proves is that I don't understand GAAP or SEC accounting and things look especially mysterious to me around the time of an IPO.
As I don't speak much in the way of financespeak, that was about all I could understand from the link anyway :) "Non-GAAP EPS" doesn't ring any bells to me... it just reminds me of whatever acronym-of-the-year my last company would use to 'prove' we weren't making a loss.
Non-GAAP EPS was $0.05 for the fourth quarter of 2011 compared to $0.09 for the fourth quarter of 2010.
I think what this really proves is that I don't understand GAAP or SEC accounting and things look especially mysterious to me around the time of an IPO.
Thanks for pointing that out.