ROYAL HAWAIIAN ORCHARDS, L.P. (NNUTU) [Rocket]

In millions, except per share items	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Orchards	24.9	18.7	20.4	13.8	14.9
Branded products	23.4	21.1	12.1	5.4	2.1
Owned orchards								12.2
Other								3.1
Total revenues [+]	32.2	26.7	18.5	16.0	13.9	20.1	18.0	15.3
Products						18.0	16.1	12.2
Contracts						2.0	1.9	3.1
Revenue growth [+]	20.8%	44.0%	15.6%	15.6%	-31.1%	11.7%	17.6%	-6.8%
Orchards	33.1%	-8.2%	47.5%	-7.4%
Branded products	11.1%	74.3%	122.2%	162.5%
Owned orchards								0.5%
Farming								1.9%
Cost of goods sold [+]	25.7	21.0	14.2	16.2	13.2	16.5	15.2	14.7
Cost of product sales						14.6	13.4	11.9
Contract costs						1.8	1.7	2.9
Gross profit	6.5	5.6	4.3	-0.2	0.7	3.6	2.8	0.6
Gross margin	20.2%	21.1%	23.1%	-0.9%	4.7%	17.9%	15.7%	3.8%
Selling, general and administrative [+]	4.7	6.6	5.3	3.7	3.8	3.6	1.8	1.8
Sales and marketing	2.1	3.7	2.4	1.4	1.3
General and administrative	2.6	2.9	2.9	2.2	2.5			1.8
Other operating expenses				1.9	-0.1			0.3
EBITDA [+]	4.9	2.1	1.6	-3.2	-0.5	2.6	3.5	0.7
EBITDA growth	138.2%	32.4%	-148.6%	531.3%	-119.9%	-26.9%	402.1%	-61.9%
EBITDA margin	15.4%	7.8%	8.5%	-20.1%	-3.7%	12.7%	19.5%	4.6%
Depreciation and amortization	3.2	3.1	2.6	2.5	2.6	2.5	2.5	2.2
EBIT [+]	1.8	-1.0	-1.0	-5.7	-3.1	0.0	1.0	-1.5
EBIT growth	-276.8%	-1.3%	-82.0%	84.1%	-6828.3%	-95.4%	-165.9%	931.8%
EBIT margin	5.6%	-3.8%	-5.6%	-35.6%	-22.3%	0.2%	5.6%	-10.0%
Non-recurring items [+]				-1.9	0.1			-0.3
Asset impairment								-0.3
Loss (gain) on sale of assets				-1.9	0.1
Interest expense, net [+]	0.8	1.2	0.8	0.5	0.5	0.4	0.2	-0.1
Interest expense	0.8	1.2	0.8	0.5	0.6	0.7	0.8	0.4
Interest income					0.1	0.2	0.6	0.4
Other income (expense), net [+]	0.3	0.3	-0.2	-1.9	0.1			-0.3
Other non-ooperating expenses				0.0
Other	0.3	0.3	-0.2	0.0
Pre-tax income	1.3	-1.9	-2.1	-6.2	-3.6	-0.4	0.8	-1.5
Income taxes	0.1	0.1	0.1	0.0	0.0	0.1	0.1	0.0
Tax rate	5.1%			0.3%			12.2%
Net income	1.2	-2.0	-2.2	-6.2	-3.7	-0.5	0.7	-1.5
Net margin	3.7%	-7.5%	-11.8%	-38.7%	-26.5%	-2.5%	4.0%	-9.7%

Basic EPS [+]	$0.07	($0.18)	($0.20)	($0.56)	($0.49)	($0.07)	$0.09	($0.20)
Growth	-136.5%	-8.9%	-64.7%	14.4%	635.5%	-170.1%	-147.9%	-862.6%
Diluted EPS [+]	$0.07	($0.18)	($0.20)	($0.56)	($0.49)	($0.07)	$0.09	($0.20)
Growth	-136.5%	-8.9%	-64.7%	14.4%	635.5%	-170.1%	-147.9%	-862.6%

Dividends per share [+]					$0.02
Growth				-100.0%

Shares outstanding (basic) [+]	18.1	11.1	11.1	11.1	7.5	7.5	7.5	7.5
Growth	63.0%	0.0%	0.4%	47.5%	0.0%	0.0%	0.0%	0.0%
Shares outstanding (diluted) [+]	18.1	11.1	11.1	11.1	7.5	7.5	7.5	7.5
Growth	63.0%	0.0%	0.4%	47.5%	0.0%	0.0%	0.0%	0.0%

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