In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Total revenues [+] | 53.9 | 0.0 | 0.0 | 3.3 | 26.3 | 25.1 | 57.4 | 16.1 |
Products | | | | | | | 4.1 | 3.5 |
License and services | | | | | | | 53.3 | 12.6 |
Revenue growth | | | -100.0% | -87.3% | 4.5% | -56.2% | 256.2% | -73.2% |
Cost of goods sold | 3.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.4 | 1.4 | 1.9 |
Gross profit | 50.4 | 0.0 | 0.0 | 3.3 | 26.3 | 24.8 | 56.0 | 14.2 |
Gross margin | 93.5% | | | 100.0% | 100.0% | 98.6% | 97.6% | 88.0% |
Selling, general and administrative | 84.8 | 56.2 | 17.6 | 19.2 | 22.1 | 31.4 | 45.3 | 54.0 |
Research and development | 36.9 | 39.1 | 25.9 | 24.1 | 36.5 | 32.9 | 65.0 | 76.6 |
Equity in earnings | | | | | | | | |
Other operating expenses | 8.5 | | 4.2 | | | | -5.1 | 0.3 |
EBITDA [+] | -77.8 | -94.8 | -47.2 | -39.4 | -31.6 | -38.8 | -48.3 | -115.7 |
EBITDA growth | -17.9% | 100.7% | 20.0% | 24.4% | -18.4% | -19.7% | -58.2% | 35.9% |
EBITDA margin | -144.3% | | | -1177.0% | -120.4% | -154.3% | -84.2% | -717.8% |
Depreciation and amortization | 2.0 | 0.5 | 0.5 | 0.5 | 0.6 | 0.7 | 0.8 | 1.0 |
EBIT [+] | -79.8 | -95.3 | -47.8 | -39.9 | -32.2 | -39.5 | -49.2 | -116.7 |
EBIT growth | -16.3% | 99.6% | 19.7% | 23.8% | -18.4% | -19.6% | -57.9% | 35.3% |
EBIT margin | -147.9% | | | -1193.3% | -122.6% | -157.2% | -85.6% | -723.9% |
Non-recurring items | | | | 0.8 | 0.7 | | | |
Interest expense, net [+] | 13.1 | 2.4 | 0.8 | -0.2 | 0.0 | 1.9 | 2.6 | 2.1 |
Interest expense | 13.1 | 2.4 | 0.8 | 1.0 | 1.2 | 1.9 | 2.6 | 2.1 |
Interest income | | | | 1.2 | 1.2 | | | |
Other income (expense), net [+] | -0.1 | -0.2 | -3.9 | 0.5 | 3.5 | 0.6 | -1.2 | -2.0 |
Amortization of financing costs and debt discount | | | | -0.5 | -0.5 | -0.2 | -0.2 | -0.4 |
Gain (loss) on sale of assets | | | | 1.3 | | | | |
Gain (loss) on foreign currency transactions | | | | -0.3 | -0.2 | 0.8 | -0.5 | -0.7 |
Other non-ooperating expenses | | | -3.9 | | | | | |
Other | -0.1 | -0.2 | 3.9 | | 4.3 | -0.1 | -0.5 | -0.9 |
Pre-tax income | -93.0 | -97.9 | -52.5 | -40.0 | -29.4 | -40.8 | -53.0 | -120.8 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -0.2 | -0.9 | -1.3 |
Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.4% | 1.8% | 1.1% |
Minority interest | | | | 0.0 | 0.0 | -0.2 | -0.9 | -1.3 |
Net income | -93.0 | -97.9 | -52.5 | -40.0 | -29.4 | -45.0 | -52.0 | -122.6 |
Net margin | -172.4% | | | -1196.4% | -111.8% | -179.0% | -90.6% | -760.9% |
|
Basic EPS [+] | ($0.81) | ($1.09) | ($0.74) | ($0.69) | ($0.52) | ($1.24) | ($1.86) | ($6.51) |
Growth | -25.4% | 47.4% | 6.8% | 31.7% | -57.6% | -33.6% | -71.4% | 0.7% |
Diluted EPS [+] | ($0.81) | ($1.09) | ($0.74) | ($0.69) | ($0.52) | ($1.24) | ($1.86) | ($6.51) |
Growth | -25.4% | 47.4% | 6.8% | 31.7% | -57.6% | -33.6% | -71.4% | 0.7% |
|
Shares outstanding (basic) [+] | 114.7 | 90.1 | 71.1 | 58.0 | 56.1 | 36.4 | 27.9 | 18.8 |
Growth | 27.3% | 26.7% | 22.7% | 3.4% | 53.9% | 30.4% | 48.4% | 26.8% |
Shares outstanding (diluted) [+] | 114.7 | 90.1 | 71.1 | 58.0 | 56.1 | 36.4 | 27.9 | 18.8 |
Growth | 27.3% | 26.7% | 22.7% | 3.4% | 53.9% | 30.4% | 48.4% | 26.8% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |