In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Aug-31-12 | Dec-31-11 | Aug-31-11 | Aug-31-10 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues [+] | 94.2 | 69.5 | 16.9 | 0.0 | | 0.0 | 14.8 | 0.0 |
Royalties | | | | | | | 14.8 | |
Products | 94.2 | 69.5 | 16.9 | | | | | |
Revenue growth | 35.6% | 311.9% | | | | | | -100.0% |
Cost of goods sold | 12.6 | 9.4 | 1.7 | 0.0 | | 0.0 | 14.8 | -19.3 |
Gross profit | 81.6 | 60.1 | 15.2 | 0.0 | | 0.0 | 0.0 | 19.3 |
Gross margin | 86.6% | 86.5% | 90.2% | | | | 0.0% | |
Selling, general and administrative [+] | 71.4 | 56.7 | 37.9 | 9.0 | | 14.7 | 6.2 | 3.7 |
General and administrative | 71.4 | 56.7 | 37.9 | | | | | 3.7 |
Research and development | 58.6 | 43.5 | 29.2 | 9.0 | | 21.4 | | 9.3 |
Other operating expenses | -0.5 | -1.1 | -10.7 | | | | 14.8 | 19.3 |
EBITDA [+] | -46.3 | -37.9 | -40.7 | -17.8 | | | -20.6 | -12.8 |
EBITDA growth | 22.4% | -7.0% | 128.9% | -50.8% | | | 60.4% | 42.0% |
EBITDA margin | -49.2% | -54.5% | -241.4% | | | | -139.2% | |
Depreciation | 1.3 | 0.8 | 0.2 | 0.1 | | | 0.2 | 0.1 |
EBITA | -47.7 | -38.7 | -41.0 | -17.9 | | -36.2 | -20.8 | -12.9 |
EBITA margin | -50.6% | -55.6% | -242.8% | | | | -140.7% | |
Amortization of intangibles | 0.3 | 0.2 | 0.2 | 0.0 | | | 0.2 | 0.2 |
EBIT [+] | -48.0 | -38.9 | -41.2 | -17.9 | | -36.2 | -21.0 | -13.1 |
EBIT growth | 23.3% | -5.5% | 129.5% | -50.4% | | | 60.6% | 41.0% |
EBIT margin | -50.9% | -56.0% | -243.9% | | | | -141.8% | |
Non-recurring items | 0.5 | 1.1 | 10.7 | | | | | |
Interest expense, net [+] | 15.5 | 13.9 | 6.6 | -0.1 | | -0.3 | 0.0 | 0.0 |
Interest expense | 15.8 | 14.0 | 6.8 | 0.1 | | 0.0 | 0.0 | 0.0 |
Interest income | 0.3 | 0.1 | 0.2 | 0.2 | | 0.3 | 0.0 | 0.0 |
Other income (expense), net [+] | -0.8 | 1.5 | -10.9 | -1.4 | | -2.8 | -16.3 | -5.9 |
Gain (loss) on foreign currency transactions | -0.3 | 0.3 | 0.0 | 0.1 | | 0.1 | | |
Change in fair value of warrants | -0.5 | -1.1 | -10.7 | | | | | |
Other | | -2.3 | | | | | | |
Pre-tax income | -64.8 | -52.5 | -69.4 | -19.3 | | -38.6 | -37.2 | -18.9 |
Income taxes | 0.4 | 0.1 | 0.0 | 0.0 | | 0.0 | 0.0 | 0.0 |
Tax rate | | | 0.0% | 0.0% | | 0.0% | 0.0% | 0.0% |
Net income | -65.2 | -52.5 | -69.4 | -19.3 | | -38.6 | -37.2 | -18.9 |
Net margin | -69.2% | -75.6% | -411.4% | | | | -251.5% | |
|
Basic EPS [+] | ($0.83) | ($0.83) | ($1.20) | ($0.37) | | ($0.80) | ($1.15) | ($0.85) |
Growth | -0.5% | -30.7% | 221.7% | -53.6% | | | 35.1% | 33.3% |
Diluted EPS [+] | ($0.83) | ($0.83) | ($1.20) | ($0.37) | | ($0.80) | ($1.15) | ($0.85) |
Growth | -0.5% | -30.7% | 221.7% | -53.6% | | | 35.1% | 33.3% |
|
Shares outstanding (basic) [+] | 78.9 | 63.2 | 57.9 | 51.7 | | 48.1 | 32.3 | 22.2 |
Growth | 24.8% | 9.3% | 11.8% | 7.6% | | | 45.4% | 53.9% |
Shares outstanding (diluted) [+] | 78.9 | 63.2 | 57.9 | 51.7 | | 48.1 | 32.3 | 22.2 |
Growth | 24.8% | 9.3% | 11.8% | 7.6% | | | 45.4% | 53.9% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |