Financial Summary (All financials)
In millions, except per share items | Sep-27-15 | Sep-28-14 | Sep-29-13 | Sep-30-12 | Sep-25-11 | Sep-26-10 | Sep-27-09 | Sep-28-08 |
Revenues | 252.8 | 261.1 | 249.9 | 249.2 | 279.1 | 346.9 | 412.4 | 631.6 |
Revenue growth | -3.2% | 4.5% | 0.3% | -10.7% | -19.5% | -15.9% | -34.7% | -11.8% |
Cost of goods sold | 222.8 | 237.2 | 233.2 | 245.1 | 267.7 | 314.2 | 400.5 | 546.1 |
Gross profit | 30.0 | 23.9 | 16.7 | 4.1 | 11.3 | 32.6 | 11.9 | 85.5 |
Gross margin | 11.9% | 9.2% | 6.7% | 1.6% | 4.1% | 9.4% | 2.9% | 13.5% |
Selling, general and administrative | 23.5 | 23.0 | 23.7 | 28.4 | 40.8 | 55.8 | 54.9 | 73.3 |
Research and development | 22.1 | 17.3 | 14.6 | 16.5 | 14.6 | 21.4 | 26.8 | 39.7 |
EBIT | -15.5 | -16.4 | -21.9 | -45.5 | -45.1 | -44.3 | -74.1 | -27.5 |
EBIT margin | -6.2% | -6.3% | -8.8% | -18.3% | -16.2% | -12.8% | -18.0% | -4.4% |
Pre-tax income | -39.2 | -41.2 | -35.1 | -48.4 | -55.5 | -60.5 | -168.9 | -46.2 |
Income taxes | -0.1 | -0.8 | 0.0 | 0.2 | 0.1 | -1.6 | -0.2 | 60.7 |
Tax rate | 0.2% | 1.8% | | | | 2.6% | 0.1% | |
Net income | -39.1 | -40.4 | -35.1 | -48.6 | -55.6 | -58.9 | -168.7 | -106.9 |
Net margin | -15.5% | -15.5% | -14.0% | -19.5% | -19.9% | -17.0% | -40.9% | -16.9% |
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Diluted EPS | ($1.20) | ($1.44) | ($1.35) | ($2.06) | ($2.38) | ($2.52) | ($7.27) | ($4.38) |
Shares outstanding (diluted) | 32.7 | 28.0 | 26.0 | 23.6 | 23.4 | 23.4 | 23.2 | 24.4 |
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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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