Financial Summary (All financials)
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 |
Revenues | 133.8 | 212.4 | 184.6 | 192.7 | 237.9 | 286.1 | 330.9 | 284.3 |
Revenue growth | -37.0% | 15.1% | -4.2% | -19.0% | -16.9% | -13.5% | 16.4% | -6.6% |
Cost of goods sold | 113.0 | 156.3 | 132.4 | 140.9 | 347.5 | 396.1 | 468.2 | 394.2 |
Gross profit | 20.8 | 56.1 | 52.2 | 51.8 | -109.6 | -110.0 | -137.3 | -109.9 |
Gross margin | 15.5% | 26.4% | 28.3% | 26.9% | -46.1% | -38.5% | -41.5% | -38.6% |
Selling, general and administrative | 32.8 | 33.7 | 30.6 | 35.9 | 41.2 | 45.2 | 52.7 | 45.5 |
Research and development | 23.4 | 24.1 | 25.5 | 32.0 | 45.0 | 47.7 | 44.6 | 38.7 |
EBITA | -27.7 | 6.0 | 3.9 | -7.8 | -13.5 | 4.7 | 9.9 | 9.2 |
EBITA margin | -20.7% | 2.8% | 2.1% | -4.0% | -5.7% | 1.6% | 3.0% | 3.2% |
Amortization of intangibles | 10.7 | 12.7 | 12.9 | 13.3 | 13.8 | 14.8 | 11.3 | 6.9 |
EBIT | -38.4 | -6.7 | -9.0 | -21.1 | -27.3 | -10.1 | -1.4 | 2.3 |
EBIT margin | -28.7% | -3.2% | -4.9% | -10.9% | -11.5% | -3.5% | -0.4% | 0.8% |
Pre-tax income | -48.9 | -7.8 | -12.9 | -25.1 | -34.4 | -40.9 | -12.7 | -0.9 |
Income taxes | 3.7 | 2.4 | 1.7 | 2.5 | 15.0 | 2.6 | -11.1 | -0.5 |
Tax rate | | | | | | | 87.9% | 56.8% |
Net income | -52.6 | -10.3 | -14.7 | -27.6 | -49.4 | -43.5 | -1.5 | -0.4 |
Net margin | -39.3% | -4.8% | -8.0% | -14.3% | -20.8% | -15.2% | -0.5% | -0.1% |
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Diluted EPS | ($1.35) | ($0.27) | ($0.40) | ($0.79) | ($1.72) | ($1.60) | ($0.06) | ($0.02) |
Shares outstanding (diluted) | 39.0 | 37.7 | 36.8 | 34.7 | 28.8 | 27.2 | 25.4 | 24.1 |
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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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