Financial Summary (All financials)
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 | Dec-31-15 |
Revenues | 61.3 | 79.7 | 73.5 | 119.1 | 96.9 | 103.0 | 80.5 | 116.3 |
Revenue growth | -23.1% | 8.4% | -38.3% | 22.9% | -5.9% | 27.9% | -30.8% | -92.6% |
Cost of goods sold | 46.0 | 48.2 | 56.8 | 84.9 | 68.8 | 88.8 | 73.3 | 93.3 |
Gross profit | 15.3 | 31.4 | 16.7 | 34.2 | 28.1 | 14.1 | 7.2 | 23.0 |
Gross margin | 25.0% | 39.4% | 22.7% | 28.7% | 29.0% | 13.7% | 9.0% | 19.8% |
Sales and marketing | 0.4 | 0.3 | 0.4 | 0.8 | 0.9 | 1.7 | 0.5 | 0.2 |
Research and development | | | | | | | | |
General and administrative | 17.2 | 17.0 | 14.5 | 15.8 | 10.2 | 6.2 | 6.8 | 7.4 |
EBIT | -2.6 | 12.7 | 6.8 | -1.0 | 15.5 | -99.7 | 2.3 | 16.3 |
EBIT margin | -4.3% | 15.9% | 9.2% | -0.8% | 16.0% | -96.9% | 2.9% | 14.0% |
Pre-tax income | -2.6 | 7.4 | 2.3 | -10.6 | 4.9 | 3.5 | 0.2 | 20.2 |
Income taxes | 1.9 | 0.8 | 0.2 | 1.1 | -0.2 | 0.3 | 0.1 | 0.0 |
Tax rate | | 10.5% | 7.0% | | | 9.1% | 58.3% | |
Earnings from continuing ops | -4.7 | 6.9 | 2.8 | -8.8 | 1.8 | 3.2 | 0.1 | 20.2 |
Earnings from discontinued ops | | | | | | 31.3 | -34.8 | -25.3 |
Net income | -4.7 | 6.9 | 2.8 | -8.8 | 1.8 | 34.5 | -34.7 | -5.1 |
Net margin | -7.6% | 8.6% | 3.8% | -7.4% | 1.8% | 33.5% | -43.1% | -4.4% |
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Diluted EPS | ($0.07) | $0.10 | $0.06 | ($0.22) | $0.05 | $0.13 | $0.00 | $0.10 |
Shares outstanding (diluted) | 64.9 | 69.8 | 49.8 | 40.6 | 38.1 | 24.7 | 202.4 | 204.2 |
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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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