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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Laser Products | 192.7 | 206.2 | 184.8 | 174.1 | | | |
| Quick Laser Technology Co., Ltd. | | | 26.7 | 19.4 | 24.9 | 19.4 | |
| Other | 49.4 | 64.0 | 11.2 | | 166.5 | 119.2 | |
| Total revenues | 242.1 | 270.1 | 222.8 | 176.6 | 191.4 | 138.6 | 101.3 |
| Revenue growth [+] | -10.4% | 21.3% | 26.1% | -7.7% | 38.1% | 36.8% | |
| Laser Products | -6.6% | 11.6% | 6.2% | | | | |
| Quick Laser Technology Co., Ltd. | | | 37.6% | -21.9% | 28.2% | | |
| Advanced Development | -22.8% | 68.5% | 1382.3% | | | | |
| Cost of goods sold | 191.2 | 192.8 | 163.4 | 124.3 | 124.4 | 94.3 | 78.2 |
| Gross profit | 50.8 | 77.3 | 59.4 | 52.3 | 67.0 | 44.3 | 23.2 |
| Gross margin | 21.0% | 28.6% | 26.6% | 29.6% | 35.0% | 31.9% | 22.9% |
| Selling, general and administrative | 48.3 | 52.7 | 39.2 | 34.1 | 28.8 | 19.4 | 17.3 |
| Research and development | 53.8 | 54.8 | 41.2 | 28.1 | 21.1 | 15.1 | 15.2 |
| Adjusted EBITDA | -8.8 | 22.6 | 18.1 | 9.4 | 30.2 | 18.1 | -0.9 |
| Adjusted EBITDA margin | -3.6% | 8.4% | 8.1% | 5.3% | 15.8% | 13.1% | -0.9% |
| Stock-based compensation | 26.8 | 37.7 | 25.5 | 9.7 | 4.8 | 0.4 | 0.3 |
| EBITDA [+] | -35.5 | -15.2 | -7.4 | -0.3 | 25.4 | 17.7 | -1.2 |
| EBITDA growth | 134.3% | 105.9% | 2034.2% | -101.4% | 43.1% | -1530.2% | |
| EBITDA margin | -14.7% | -5.6% | -3.3% | -0.2% | 13.2% | 12.8% | -1.2% |
| Depreciation | 12.8 | 11.2 | 9.9 | 8.5 | 5.9 | 5.4 | 7.3 |
| EBITA | -48.3 | -26.3 | -17.2 | -8.8 | 19.5 | 12.4 | -8.6 |
| EBITA margin | -20.0% | -9.7% | -7.7% | -5.0% | 10.2% | 8.9% | -8.4% |
| Amortization of intangibles | 2.9 | 3.9 | 3.8 | 1.1 | 2.4 | 2.6 | 0.8 |
| EBIT [+] | -51.2 | -30.2 | -21.0 | -9.9 | 17.1 | 9.8 | -9.3 |
| EBIT growth | 69.5% | 43.6% | 112.4% | -158.1% | 74.1% | -204.9% | |
| EBIT margin | -21.2% | -11.2% | -9.4% | -5.6% | 8.9% | 7.1% | -9.2% |
| Non-recurring items | 3.9 | | | | | | |
| Interest income, net [+] | 0.5 | -0.2 | 0.1 | 2.6 | 0.7 | -1.3 | -2.2 |
| Interest expense | | 0.2 | | | | 1.3 | 2.2 |
| Interest income | 0.5 | | 0.1 | 2.6 | 0.7 | | |
| Other income (expense), net | 0.3 | 0.3 | 0.4 | 0.5 | -0.3 | -1.8 | -0.8 |
| Pre-tax income | -54.2 | -30.0 | -20.6 | -6.8 | 17.5 | 6.7 | -12.3 |
| Income taxes | 0.3 | -0.4 | 0.3 | 6.1 | 3.6 | 4.9 | 1.9 |
| Tax rate | | 1.2% | | | 20.5% | 72.6% | |
| Net income | -54.6 | -29.7 | -20.9 | -12.9 | 9.5 | 0.0 | -14.2 |
| Net margin | -22.5% | -11.0% | -9.4% | -7.3% | 5.0% | 0.0% | -14.0% |
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| Basic EPS [+] | ($1.23) | ($0.70) | ($0.55) | ($0.35) | $0.38 | $0.00 | ($5.68) |
| Growth | 74.5% | 29.0% | 57.2% | -190.6% | | -100.0% | |
| Diluted EPS [+] | ($1.23) | ($0.70) | ($0.55) | ($0.35) | $0.32 | $0.00 | ($5.68) |
| Growth | 74.5% | 29.0% | 57.2% | -209.2% | | -100.0% | |
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| Shares outstanding (basic) [+] | 44.4 | 42.1 | 38.4 | 37.1 | 24.9 | 2.7 | 2.5 |
| Growth | 5.4% | 9.8% | 3.4% | 49.3% | 809.0% | 9.4% | |
| Shares outstanding (diluted) [+] | 44.4 | 42.1 | 38.4 | 37.1 | 30.0 | 2.7 | 2.5 |
| Growth | 5.4% | 9.8% | 3.4% | 23.9% | 995.4% | 9.4% | |
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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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