In millions, except per share items | Mar-31-23 | Mar-31-22 | Mar-31-21 | Mar-31-20 | Mar-31-19 | Mar-31-18 | Mar-31-17 | Mar-31-16 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
OEM | 44.3 | 32.3 | 23.3 | 23.1 | 13.7 | | | |
Other | 55.3 | 84.7 | 41.9 | 15.6 | 20.0 | | | |
Total revenues | 99.6 | 117.0 | 65.2 | 38.7 | 33.7 | 7.2 | 0.2 | 0.0 |
Revenue growth [+] | -14.9% | 79.4% | 68.7% | 14.7% | 368.4% | 3097.8% | | |
OEM | 37.2% | 38.6% | 0.9% | 68.6% | | | | |
Cost of goods sold [+] | 66.8 | 93.0 | 49.0 | 32.8 | 31.2 | 6.7 | 0.7 | 0.0 |
Labor costs | 0.5 | | | | | | | |
Gross profit | 32.8 | 24.0 | 16.2 | 5.9 | 2.5 | 0.5 | -0.5 | 0.0 |
Gross margin | 33.0% | 20.5% | 24.9% | 15.2% | 7.5% | 7.0% | -224.4% | |
Selling, general and administrative [+] | 24.2 | 47.8 | 30.3 | 25.4 | 22.0 | 11.4 | 5.0 | 3.6 |
Sales and marketing | 8.3 | 14.1 | 9.5 | 6.3 | 4.5 | 0.7 | 0.1 | |
General and administrative [+] | 15.9 | 33.7 | 20.8 | 19.1 | 17.4 | 10.7 | 4.9 | |
General and administrative expenses | 15.9 | 33.7 | 20.8 | 19.1 | 17.4 | 10.7 | 4.9 | |
Research and development | 5.1 | 8.1 | 9.7 | 10.8 | 8.0 | 1.6 | | |
Other operating expenses | 0.0 | | | | | | | |
EBITDA [+] | 7.2 | -28.2 | -20.6 | -28.0 | -26.5 | -12.3 | -5.5 | -4.0 |
EBITDA growth | -125.5% | 37.0% | -26.4% | 5.5% | 114.8% | 126.0% | 37.5% | 22.6% |
EBITDA margin | 7.2% | -24.1% | -31.6% | -72.4% | -78.7% | -171.5% | -2427.1% | |
Depreciation | 3.6 | 3.6 | 3.2 | 2.3 | 0.9 | 0.1 | 0.0 | 0.0 |
EBITA | 3.6 | -31.8 | -23.8 | -30.3 | -27.4 | -12.5 | -5.5 | -4.0 |
EBITA margin | 3.6% | -27.2% | -36.5% | -78.3% | -81.3% | -173.1% | -2437.8% | |
Amortization of intangibles | 4.3 | 6.0 | 5.6 | 5.7 | 6.5 | 2.4 | | |
EBIT [+] | -0.8 | -37.9 | -29.4 | -36.0 | -33.9 | -14.9 | -5.5 | -4.0 |
EBIT growth | -97.9% | 28.9% | -18.4% | 6.2% | 127.8% | 171.2% | 37.8% | 22.7% |
EBIT margin | -0.8% | -32.3% | -45.0% | -93.1% | -100.6% | -206.8% | -2437.8% | |
Non-recurring items [+] | 1.4 | | | | | | | |
Asset impairment | 1.4 | | | | | | | |
Interest expense, net [+] | 0.6 | 0.5 | 5.3 | 3.7 | 3.3 | 3.9 | -0.1 | -0.4 |
Interest expense | 0.6 | 0.5 | 5.3 | 3.7 | 3.3 | 3.9 | | |
Interest income | | | | | | | 0.1 | 0.4 |
Other income (expense), net [+] | -7.2 | -5.4 | -7.5 | 0.6 | -0.4 | -0.2 | -8.9 | -0.2 |
Gain (loss) on investments | | | | | | | -2.8 | |
Gain (loss) on debt retirement | -1.0 | -4.3 | -5.2 | | | | | |
Other | 0.6 | -0.5 | -2.3 | 0.6 | -0.4 | 0.0 | | |
Pre-tax income | -10.0 | -43.7 | -42.2 | -39.1 | -37.5 | -19.0 | -14.3 | -3.7 |
Income taxes | 0.1 | 0.2 | -0.3 | -0.2 | 0.2 | 0.0 | 0.0 | 0.0 |
Tax rate | | | 0.8% | 0.5% | | | 0.0% | 0.0% |
Earnings from continuing ops | -10.0 | -43.9 | -41.8 | -38.9 | -37.8 | -19.0 | -14.3 | -3.7 |
Earnings from discontinued ops | | | | | | -4.3 | | |
Net income | -10.0 | -43.9 | -41.8 | -38.9 | -37.8 | -23.3 | -14.3 | -3.7 |
Net margin | -10.1% | -37.5% | -64.1% | -100.7% | -112.1% | -324.3% | -6333.3% | |
|
Basic EPS [+] | ($0.12) | ($0.56) | ($0.61) | ($0.69) | ($0.73) | ($0.48) | ($0.44) | ($0.04) |
Growth | -78.7% | -8.3% | -12.5% | -4.8% | 51.5% | 9.7% | 953.1% | -72.1% |
Diluted EPS [+] | ($0.12) | ($0.56) | ($0.61) | ($0.69) | ($0.73) | ($0.48) | ($0.44) | ($0.04) |
Growth | -78.7% | -8.3% | -12.5% | -4.8% | 51.5% | 9.7% | 953.1% | -72.1% |
|
|
Shares outstanding (basic) [+] | 84.8 | 79.1 | 69.0 | 56.2 | 51.9 | 39.6 | 32.5 | 90.1 |
Growth | 7.2% | 14.5% | 22.8% | 8.3% | 31.1% | 21.7% | -63.9% | 139.3% |
Shares outstanding (diluted) [+] | 84.8 | 79.1 | 69.0 | 56.2 | 51.9 | 39.6 | 32.5 | 90.1 |
Growth | 7.2% | 14.5% | 22.8% | 8.3% | 31.1% | 21.7% | -63.9% | 139.3% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |