Although Yahoo lists the TTM EPS as $0.49, the "non-GAAP" (non generally accepted accounting procedures") as $0.38 per share, due to a net additonalincome of $20 million gain resulting from the termination of the InScope agreement, and a one-time charge of $5.6 million resulting from the early repayment of the Company's outstanding royalty obligation and accrued interest to the Israeli Ministry of Industry, Trade and Labor. Thus, the adjucted PE is more like 44.
From Annual report: "2008 Guidance
The company expects full year 2008 revenues to be between $130 million and $136 million. The Company expects Non-GAAP fully diluted EPS of between $0.44 and $0.52. Non-GAAP EPS estimates exclude $0.23 of compensation expenses (FAS 123R) and between $0.16 and $0.26 of legal expenses related to the Company's patent litigation with Olympus."
Translation: don't expect a lot of net income in 2008.