QUANTENNA COMMUNICATIONS INC (QTNA) [Rocket]

In millions, except per share items	Dec-30-18	Dec-31-17	Jan-01-17	Dec-27-15	Dec-28-14
	10-K	10-K	10-K	10-K	10-K
Revenues:
Asia-Pacific	202.3	162.1	114.5
Vietnam	56.1
Europe, Middle East and Africa	18.0	14.0	14.4
Americas	0.2	0.3	0.2
Total revenues	220.5	176.4	129.1	83.8	66.9
Revenue growth [+]	25.0%	36.6%	54.1%	25.3%
Asia-Pacific	24.9%	41.5%
Europe, Middle East and Africa	28.1%	-2.4%
Americas	-42.1%	31.3%
Cost of goods sold	111.1	88.2	64.6	42.6	38.2
Gross profit	109.4	88.2	64.4	41.2	28.6
Gross margin	49.6%	50.0%	49.9%	49.2%	42.8%
Selling, general and administrative [+]	35.1	29.3	18.7	11.9	10.5
Sales and marketing	16.3	14.0	8.1	6.6	5.9
General and administrative	18.8	15.3	10.6	5.2	4.5
Research and development	71.5	59.7	46.6	35.6	31.3
EBITDA [+]	7.7	1.7	0.5	-5.2	-12.2
EBITDA growth	342.4%	282.8%	-108.7%	-57.3%
EBITDA margin	3.5%	1.0%	0.4%	-6.2%	-18.3%
Depreciation	3.4	2.7	1.3	1.0	0.9
EBITA	4.3	-0.9	-0.8	-6.2	-13.1
EBITA margin	2.0%	-0.5%	-0.6%	-7.4%	-19.6%
Amortization of intangibles	1.5
EBIT [+]	2.8	-0.9	-0.8	-6.2	-13.1
EBIT growth	-400.5%	13.3%	-86.7%	-52.6%
EBIT margin	1.3%	-0.5%	-0.6%	-7.4%	-19.6%
Interest expense		0.7	0.7	0.7	0.5
Interest expense		0.7	0.7	0.7	0.5
Other income (expense), net	1.2	1.1	0.0	0.0	0.1
Pre-tax income	4.0	-0.5	-1.5	-6.9	-13.5
Income taxes	1.0	-34.9	0.4	0.1	0.1
Tax rate	23.9%	6592.8%
Net income	3.1	34.4	-1.9	-7.0	-13.6
Net margin	1.4%	19.5%	-1.5%	-8.4%	-20.3%

Basic EPS [+]	$0.08	$1.00	($0.30)	($9.16)	($20.72)
Growth	-91.6%	-438.4%	-96.8%	-55.8%
Diluted EPS [+]	$0.08	$0.89	($0.30)	($9.16)	($20.72)
Growth	-91.3%	-401.3%	-96.8%	-55.8%

Shares outstanding (basic) [+]	36.7	34.3	6.4	0.8	0.7
Growth	7.3%	436.6%	730.3%	17.2%
Shares outstanding (diluted) [+]	39.7	38.5	6.4	0.8	0.7
Growth	3.1%	502.7%	730.3%	17.2%

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