Today we are posting our audited financial statements and tax form for 2007. As in past years, I’ll use this event as an opportunity to review both our financial status and our overall effectiveness in moving the mission forward.

Financial

The financial highlights are:

2007 was another healthy year for Mozilla both financially and organizationally.

Mozilla is well positioned to remain vital and effective during the current difficult economic times.

Our revenue remains strong; our expenses focused. Mozilla’s revenues (including both Mozilla Foundation and Mozilla Corporation) for 2007 were $75 million, up approximately 12% from 2006 revenue of $67 million. As in 2006 the vast majority of this revenue is associated with the search functionality in Mozilla Firefox, and the majority of that is from Google. The Firefox userbase and search revenue have both increased from 2006. Search revenue increased at a lesser rate than Firefox usage growth as the rate of payment declines with volume. Other revenue and support sources were product revenues from online affiliate programs and the Mozilla Store, public support, and interest and other income on our invested assets.

The agreement between Google and the Mozilla Corporation that accounts for the bulk of the revenue has been renewed for an additional three years, and now expires at the end of November of 2011.

More Here

Also: Mozilla chairman unfazed by Google Chrome

And: Mozilla CTO: Firefox in neck and neck race