Acacia Communications, Inc. (ACIA) [Rocket]

In millions, except per share items	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Customer E	105.0	79.0	47.6
Research and development							52.6
Customer H	75.8
Other	402.6	385.7	292.3				93.6
Total revenues	583.5	464.7	339.9	385.2	0.1	239.1	146.2
Revenue growth [+]	25.6%	36.7%	-11.8%	447767.4%	-100.0%	63.5%
Customer E	33.0%	66.0%
Cost of goods sold	299.4	244.0	192.8	217.3	257.4	145.4	93.6
Gross profit	284.1	220.7	147.1	167.8	-257.3	93.7	52.7
Gross margin	48.7%	47.5%	43.3%	43.6%	-299231.4%	39.2%	36.0%
Selling, general and administrative	60.4	80.6	51.9	38.8	27.7	13.1	6.6
Research and development	134.4	128.7	102.4	92.0	75.7	38.6	28.5
Other operating expenses				0.0	-478.3
EBITDA [+]	100.4	24.0	6.5	49.2	126.8	46.5	20.3
EBITDA growth	319.0%	268.8%	-86.8%	-61.2%	172.6%	129.7%
EBITDA margin	17.2%	5.2%	1.9%	12.8%	147422.1%	19.5%	13.8%
Depreciation and amortization	11.1	12.6	13.6	12.3	9.2	4.6	2.7
EBIT [+]	89.3	11.4	-7.2	37.0	117.6	41.9	17.6
EBIT growth	683.4%	-259.5%	-119.3%	-68.6%	180.5%	138.4%
EBIT margin	15.3%	2.5%	-2.1%	9.6%	136761.6%	17.5%	12.0%
Non-recurring items [+]				-0.1	0.0		0.1
Loss (gain) on sale of assets				0.0	0.0		0.1
Loss (gain) on disposal of assets				0.0
Interest income, net [+]	5.6	10.4	7.2	3.4	0.5	-0.1	-0.4
Interest expense						0.1	0.4
Interest income	5.6	10.4	7.2	3.4	0.5
Other income (expense), net [+]	-0.1	-0.2	-0.5	-0.1	-3.4	-2.0	-0.6
Change in fair value of warrants					-3.4	-2.2	-0.5
Other	-0.1	-0.2	-0.5	-0.1	-0.1	0.2	-0.2
Pre-tax income	94.8	21.6	-0.4	40.3	114.6	39.8	16.5
Income taxes	4.5	-11.2	-5.3	1.8	-17.0	-0.7	2.9
Tax rate	4.7%		1316.8%	4.5%			17.8%
Net income	90.4	32.8	4.9	38.5	95.3	7.6	1.7
Net margin	15.5%	7.1%	1.4%	10.0%	110795.3%	3.2%	1.2%

Basic EPS [+]	$2.16	$0.80	$0.12	$0.99	$3.77	$1.18	$0.31
Growth	168.3%	557.8%	-87.7%	-73.7%	218.6%	284.9%
Diluted EPS [+]	$2.09	$0.77	$0.12	$0.92	$3.22	$0.91	$0.23
Growth	170.9%	559.3%	-87.3%	-71.3%	252.3%	293.9%

Shares outstanding (basic) [+]	41.9	40.9	40.3	38.9	25.3	6.4	5.6
Growth	2.6%	1.5%	3.4%	53.8%	293.6%	14.2%
Shares outstanding (diluted) [+]	43.2	42.6	42.0	41.7	29.6	8.3	7.4
Growth	1.6%	1.3%	0.7%	40.9%	256.0%	11.6%

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