ARMO BioSciences, Inc. (ARMO) [Rocket]

In millions, except per share items	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K
Revenues	37.0	29.2	24.7
Revenue growth	26.6%	18.4%
Cost of goods sold	42.7	33.8	27.5
Gross profit	-5.7	-4.6	-2.8
Gross margin	-15.5%	-15.6%	-11.5%
Selling, general and administrative [+]	5.7	4.6	2.8
General and administrative	5.7	4.6	2.8
Other operating expenses	31.2	24.6	21.8
EBITDA [+]	-42.5	-33.6	-27.3
EBITDA growth	26.6%	23.0%
EBITDA margin	-114.9%	-114.9%	-110.7%
Depreciation and amortization	0.2	0.2	0.2
EBIT [+]	-42.7	-33.8	-27.5
EBIT growth	26.4%	22.8%
EBIT margin	-115.5%	-115.6%	-111.5%
Other income (expense), net	42.7	33.8	27.5
Pre-tax income	0.0	0.0	0.0
Income taxes	0.0	0.0	0.0
Net income	0.0	0.0	0.0
Net margin	0.0%	0.0%	0.0%



EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.