Financial Summary (All financials)
In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
Revenues | 81.7 | 53.9 | 54.7 | 48.7 | 51.4 | 21.6 | 43.4 | 105.8 |
Revenue growth | 51.5% | -1.3% | 12.1% | -5.2% | 137.5% | -50.2% | -59.0% | 30.6% |
Cost of goods sold | 4.7 | 2.7 | 2.2 | 1.2 | 0.5 | 0.0 | 0.0 | 0.0 |
Gross profit | 77.0 | 51.2 | 52.5 | 47.5 | 50.9 | 21.6 | 43.4 | 105.8 |
Gross margin | 94.2% | 95.0% | 96.1% | 97.5% | 99.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 40.4 | 38.7 | 39.9 | 37.7 | 33.6 | 25.8 | 22.7 | 15.7 |
Research and development | 35.9 | 29.7 | 30.0 | 34.7 | 31.5 | 46.6 | 68.1 | 64.0 |
EBITA | -1.2 | -17.2 | -17.4 | -24.9 | -14.2 | -50.8 | -46.8 | -46.1 |
EBITA margin | -1.5% | -31.9% | -31.9% | -51.1% | -27.6% | -234.7% | -107.8% | -43.6% |
Amortization of intangibles | | | | | | | 0.5 | 0.5 |
EBIT | -1.2 | -17.2 | -17.4 | -24.9 | -14.2 | -50.8 | -47.3 | -46.7 |
EBIT margin | -1.5% | -31.9% | -31.9% | -51.1% | -27.6% | -234.7% | -108.9% | -44.1% |
Pre-tax income | -11.9 | -27.8 | -29.3 | -34.6 | -24.5 | -62.4 | -66.5 | -56.3 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | -11.9 | -27.8 | -29.3 | -34.6 | -24.5 | -62.4 | -66.5 | -56.3 |
Net margin | -14.5% | -51.5% | -53.5% | -71.0% | -47.7% | -288.4% | -153.0% | -53.2% |
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Diluted EPS | ($0.09) | ($0.26) | ($0.30) | ($0.35) | ($0.26) | ($0.90) | ($1.08) | ($1.06) |
Shares outstanding (diluted) | 133.4 | 108.5 | 99.0 | 98.7 | 93.3 | 69.2 | 61.6 | 53.1 |
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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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