Innocoll Holdings plc (INNL) [Rocket]

In millions, except per share items	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K
Revenues:
France	2.0	2.0	3.4
Germany	0.6	0.0	1.4
Europe - other	0.6	0.2	0.7
United Kingdom	0.6	0.0
Other	0.6	0.5	0.5
Total revenues	4.4	2.9	6.0
Revenue growth [+]	52.3%	-52.0%
France	-0.1%	-40.3%
Germany	1507.9%	-97.2%
Europe - other	147.5%	-64.2%
United Kingdom	1350.0%
Netherlands	30.4%	7.2%
Cost of goods sold	7.0	5.3	7.4
Gross profit	-2.6	-2.5	-1.4
Gross margin	-59.8%	-85.6%	-23.9%
Selling, general and administrative [+]	25.4	19.7	15.6
General and administrative	25.4	19.7	15.6
Research and development	38.7	29.8	4.3
Other operating expenses	-19.9	-2.7	0.0
EBITDA [+]	-46.4	-49.0	-20.8
EBITDA growth	-5.2%	135.8%
EBITDA margin	-1062.2%	-1707.0%	-347.8%
Depreciation and amortization	0.4	0.3	0.5
EBIT [+]	-46.9	-49.3	-21.3
EBIT growth	-5.0%	131.5%
EBIT margin	-1071.6%	-1719.2%	-356.8%
Interest expense, net [+]	2.2	0.0	-0.1
Interest expense	2.2	0.2
Interest income	0.0	0.2	0.1
Other income (expense), net [+]	-7.7	-1.1	-2.0
Other	-12.2	-1.6	-2.0
Pre-tax income	-56.8	-50.4	-23.3
Income taxes	0.2	0.4	0.2
Net income	-57.0	-50.9	-23.5
Net margin	-1302.7%	-1772.0%	-392.9%

Basic EPS [+]	($2.12)	($2.28)	($2.41)
Growth	-7.0%	-5.4%
Diluted EPS [+]	($2.12)	($2.28)	($2.41)
Growth	-7.0%	-5.4%

Shares outstanding (basic) [+]	26.9	22.3	9.7
Growth	20.4%	129.0%
Shares outstanding (diluted) [+]	26.9	22.3	9.7
Growth	20.4%	129.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.