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In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Products | 181.4 | 135.6 | 136.2 | 140.3 | 215.7 | 191.5 | 124.6 | 80.5 |
Services | 11.9 | 13.1 | 14.0 | 16.4 | 17.8 | 19.7 | 15.6 | 15.1 |
Licenses | 0.7 | 0.4 | 0.4 | 0.5 | 1.3 | 1.1 | 0.4 | 0.2 |
Total revenues [+] | 194.1 | 149.2 | 150.5 | 157.3 | 234.8 | 212.3 | 140.6 | 95.8 |
Licensing | 0.7 | 0.4 | 0.4 | 0.5 | 1.3 | 1.1 | 0.4 | 0.2 |
Products | 181.4 | 135.6 | 136.2 | 140.3 | 215.7 | 191.5 | 124.6 | 80.5 |
Services | 11.9 | 13.1 | 14.0 | 16.4 | 17.8 | 19.7 | 15.6 | 15.1 |
Revenue growth [+] | 30.1% | -0.9% | -4.3% | -33.0% | 10.6% | 51.0% | 46.7% | -27.3% |
Products | 33.8% | -0.4% | -3.0% | -34.9% | 12.6% | 53.7% | 54.7% | -29.5% |
Services | -9.6% | -5.9% | -15.0% | -7.7% | -9.4% | 26.0% | 3.6% | -11.6% |
Licenses | 81.8% | 0.5% | -20.4% | -61.6% | 14.8% | 202.7% | 81.2% | |
Cost of goods sold [+] | 105.3 | 83.7 | 87.3 | 89.9 | 103.0 | 102.0 | 69.0 | 50.8 |
Cost of product sales | 93.1 | 71.2 | 74.9 | 77.7 | 89.8 | 87.0 | 56.4 | 38.8 |
Cost of services | 12.2 | 12.6 | 12.4 | 12.2 | 13.3 | 15.0 | 12.5 | 12.0 |
Gross profit | 88.7 | 65.4 | 63.3 | 67.4 | 131.8 | 110.3 | 71.6 | 45.0 |
Gross margin | 45.7% | 43.9% | 42.0% | 42.8% | 56.1% | 52.0% | 51.0% | 47.0% |
Selling, general and administrative | 45.4 | 46.8 | 48.7 | 48.9 | 45.3 | 42.7 | 34.2 | 27.3 |
Research and development | 35.2 | 32.9 | 33.6 | 33.6 | 30.1 | 23.6 | 19.9 | 18.8 |
Other operating expenses | | 0.8 | | | | | | |
EBITDA [+] | 16.2 | -6.0 | -10.1 | -7.4 | 61.9 | 48.4 | 20.9 | 3.9 |
EBITDA growth | -370.9% | -41.0% | 36.3% | -112.0% | 27.9% | 131.0% | 442.7% | -75.2% |
EBITDA margin | 8.4% | -4.0% | -6.7% | -4.7% | 26.3% | 22.8% | 14.9% | 4.0% |
Depreciation | 6.4 | 7.4 | 7.2 | 6.1 | 5.0 | 4.3 | 3.3 | 4.4 |
EBITA | 9.8 | -13.3 | -17.4 | -13.6 | 56.9 | 44.1 | 17.6 | -0.5 |
EBITA margin | 5.1% | -8.9% | -11.5% | -8.6% | 24.2% | 20.8% | 12.5% | -0.5% |
Amortization of intangibles | 1.7 | 1.7 | 1.7 | 1.5 | 0.5 | 0.1 | 0.1 | 0.6 |
EBIT [+] | 8.1 | -15.0 | -19.1 | -15.1 | 56.4 | 44.0 | 17.5 | -1.1 |
EBIT growth | -154.0% | -21.1% | 26.6% | -126.7% | 28.1% | 151.0% | -1691.7% | -112.1% |
EBIT margin | 4.2% | -10.1% | -12.7% | -9.6% | 24.0% | 20.7% | 12.5% | -1.2% |
Interest expense | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 |
Interest expense | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 |
Other income (expense), net | 0.6 | 0.4 | 0.2 | 0.2 | 0.6 | 0.2 | 0.4 | 3.4 |
Pre-tax income | 8.7 | -14.7 | -18.9 | -14.9 | 57.0 | 44.2 | 18.0 | 2.1 |
Income taxes | -2.5 | 0.5 | 0.2 | -1.1 | 9.8 | 4.9 | 1.2 | -0.1 |
Tax rate | | | | 7.7% | 17.2% | 11.2% | 6.5% | |
Net income | 11.2 | -15.1 | -19.1 | -13.8 | 47.2 | 39.2 | 16.8 | 2.1 |
Net margin | 5.8% | -10.1% | -12.7% | -8.8% | 20.1% | 18.5% | 11.9% | 2.2% |
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Basic EPS [+] | $0.42 | ($0.55) | ($0.67) | ($0.49) | $1.76 | $1.51 | $0.69 | $0.09 |
Growth | -175.4% | -17.9% | 37.2% | -127.9% | 16.0% | 120.7% | 663.1% | -82.0% |
Diluted EPS [+] | $0.41 | ($0.55) | ($0.67) | ($0.49) | $1.70 | $1.47 | $0.67 | $0.09 |
Growth | -174.5% | -17.9% | 37.2% | -128.8% | 16.3% | 118.6% | 650.7% | -82.1% |
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Shares outstanding (basic) [+] | 27.0 | 27.4 | 28.4 | 28.1 | 26.9 | 25.9 | 24.5 | 23.7 |
Growth | -1.5% | -3.5% | 1.2% | 4.6% | 3.7% | 5.9% | 3.3% | 0.6% |
Shares outstanding (diluted) [+] | 27.3 | 27.4 | 28.4 | 28.1 | 27.7 | 26.8 | 25.0 | 23.9 |
Growth | -0.3% | -3.5% | 1.2% | 1.4% | 3.5% | 6.9% | 5.0% | 1.3% |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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