Financial Summary (All financials)
In millions, except per share items | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 | Dec-31-02 | Dec-31-01 |
Revenues | 3.0 | 15.4 | 9.8 | 7.6 | 19.2 | 6.8 | 15.7 | 11.5 |
Revenue growth | -80.6% | 57.3% | 29.8% | -60.6% | 182.6% | -56.8% | 36.6% | -43.6% |
Cost of goods sold | 23.2 | 12.8 | 11.6 | 9.6 | 9.1 | 38.7 | 0.6 | 41.1 |
Gross profit | -20.2 | 2.7 | -1.7 | -2.1 | 10.1 | -31.9 | 15.1 | -29.6 |
Gross margin | -673.2% | 17.3% | -17.8% | -27.4% | 52.5% | -470.2% | 96.1% | -256.7% |
Research and development | | | | | | 31.8 | 34.1 | 34.5 |
General and administrative | 7.1 | 12.8 | 11.6 | 9.6 | 9.1 | 6.9 | 6.7 | 6.6 |
EBIT | -35.8 | -58.3 | -57.6 | -40.6 | -21.2 | -32.9 | -25.7 | -31.1 |
EBIT margin | -1192.0% | -377.7% | -587.0% | -536.6% | -110.6% | -484.8% | -163.2% | -269.8% |
Pre-tax income | -34.5 | -56.0 | -55.1 | -37.5 | -18.9 | -31.9 | -24.0 | -26.6 |
Income taxes | -0.2 | -0.3 | -1.3 | -0.4 | -0.3 | -0.3 | -0.3 | -1.2 |
Tax rate | 0.7% | 0.5% | 2.4% | 1.0% | 1.6% | 1.1% | 1.2% | 4.6% |
Net income | -64.9 | -55.7 | -53.8 | -37.1 | -18.6 | -31.6 | -23.7 | -25.4 |
Net margin | -2163.2% | -360.9% | -548.0% | -491.1% | -96.9% | -465.2% | -150.7% | -220.3% |
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Diluted EPS | ($1.22) | ($1.33) | ($1.55) | ($1.08) | ($0.63) | ($1.78) | ($1.35) | ($1.45) |
Shares outstanding (diluted) | 53.2 | 41.9 | 34.7 | 34.3 | 29.7 | 17.7 | 17.6 | 17.4 |
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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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