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In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Asia Pacific | 59.2 | 39.5 | 34.3 | | 28.7 | 25.9 | 32.5 |
United States | 31.9 | 23.2 | 11.7 | | 8.8 | 7.3 | 7.7 |
Europe | 20.9 | 17.5 | 9.5 | | 4.8 | 7.3 | 8.4 |
Rest of Americas | 5.2 | 2.8 | 0.2 | | 0.6 | 0.8 | 0.9 |
Other | 1.0 | 0.5 | 0.4 | | 0.3 | 0.3 | 0.3 |
Total revenues | 118.2 | 83.5 | 56.1 | 44.0 | 43.3 | 41.5 | 49.7 |
Revenue growth [+] | 41.5% | 48.8% | 27.6% | 1.6% | 4.3% | -16.5% | |
Asia Pacific | 49.9% | 15.2% | | | 10.9% | -20.3% | |
United States | 37.5% | 98.7% | | | 20.7% | -4.7% | |
Europe | 19.6% | 83.5% | | | -33.7% | -13.2% | |
Rest of Americas | 87.0% | 1038.8% | | | -19.8% | -16.6% | |
Rest of world | 78.1% | 36.8% | | | 19.2% | -6.7% | |
Cost of goods sold | 61.5 | 47.4 | 28.6 | 22.6 | 24.8 | 25.5 | 29.7 |
Gross profit | 56.7 | 36.1 | 27.5 | 21.4 | 18.5 | 15.9 | 19.9 |
Gross margin | 48.0% | 43.2% | 49.0% | 48.6% | 42.7% | 38.4% | 40.1% |
Selling, general and administrative [+] | 32.3 | 22.6 | 17.5 | 17.0 | 12.3 | 9.6 | 10.8 |
Sales and marketing | | | | | 8.3 | 7.2 | 8.1 |
General and administrative | | | | | 4.0 | 2.4 | 2.7 |
Research and development | 30.9 | 20.3 | 13.6 | 15.4 | 12.8 | 14.4 | 15.0 |
Other operating expenses | | 0.5 | | -0.7 | | | |
EBITDA [+] | -3.3 | -4.9 | -2.2 | -8.1 | -3.9 | -5.0 | -1.5 |
EBITDA growth | -32.2% | 120.4% | -72.5% | 104.8% | -21.5% | 242.7% | |
EBITDA margin | -2.8% | -5.9% | -4.0% | -18.4% | -9.1% | -12.1% | -3.0% |
Depreciation | 3.2 | 2.4 | 1.4 | 1.0 | 1.5 | 1.8 | 1.1 |
EBITA | -6.5 | -7.3 | -3.6 | -9.1 | -5.4 | -6.8 | -2.5 |
EBITA margin | -5.5% | -8.7% | -6.4% | -20.6% | -12.5% | -16.4% | -5.1% |
Amortization of intangibles | 7.2 | 3.9 | 1.2 | 1.2 | 1.2 | 1.2 | 3.3 |
EBIT [+] | -13.7 | -11.2 | -4.8 | -10.3 | -6.6 | -8.0 | -5.9 |
EBIT growth | 22.8% | 130.9% | -53.1% | 55.3% | -17.5% | 37.3% | |
EBIT margin | -11.6% | -13.4% | -8.6% | -23.4% | -15.3% | -19.4% | -11.8% |
Non-recurring items [+] | 1.9 | 9.2 | | | | | |
Asset impairment | 1.7 | 2.7 | | | | | |
Interest expense | 11.0 | 3.8 | 0.8 | 1.3 | 1.1 | 0.9 | 2.7 |
Interest expense | 11.0 | 3.8 | 0.8 | 1.3 | 1.1 | 0.9 | 2.7 |
Other income (expense), net | -0.1 | 2.7 | 0.0 | 0.0 | -0.7 | 0.1 | 0.5 |
Pre-tax income | -26.7 | -21.5 | -5.6 | -11.6 | -8.4 | -8.8 | -8.1 |
Income taxes | 0.2 | -0.1 | 0.1 | 0.0 | -0.1 | 0.1 | 0.1 |
Tax rate | | 0.4% | | 0.1% | 0.7% | | |
Net income | -26.9 | -21.4 | -5.7 | -11.6 | -8.4 | -8.9 | -8.2 |
Net margin | -22.7% | -25.7% | -10.1% | -26.4% | -19.4% | -21.5% | -16.4% |
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Basic EPS [+] | ($0.90) | ($0.85) | ($0.31) | ($0.77) | ($2.79) | ($16.48) | ($15.14) |
Growth | 5.3% | 178.7% | -60.3% | -72.4% | -83.1% | 8.8% | |
Diluted EPS [+] | ($0.90) | ($0.85) | ($0.31) | ($0.77) | ($2.79) | ($16.48) | ($15.14) |
Growth | 5.3% | 178.7% | -60.3% | -72.4% | -83.1% | 8.8% | |
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Shares outstanding (basic) [+] | 29.9 | 25.1 | 18.6 | 15.1 | 3.0 | 0.5 | 0.5 |
Growth | 18.9% | 35.2% | 23.2% | 401.5% | 454.7% | 0.7% | |
Shares outstanding (diluted) [+] | 29.9 | 25.1 | 18.6 | 15.1 | 3.0 | 0.5 | 0.5 |
Growth | 18.9% | 35.2% | 23.2% | 401.5% | 454.7% | 0.7% | |
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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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