ALTAIR NANOTECHNOLOGIES INC (ALTI) [Rocket]

In millions, except per share items	Dec-31-16	Dec-31-15	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08	Dec-31-07
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Power & Energy Group			1.3	4.5
Other			0.2	0.7
Total revenues [+]	54.7	14.3	1.5	5.2	7.8	4.4	5.7	9.1
Licensing	0.4	0.3	0.2	0.2		0.8
Products	8.3	5.9	1.3	4.6	3.5	0.9
Contracts	0.1	0.1	0.0	0.1	0.4	1.4
Sales returns						-0.2
Revenue growth [+]	283.0%		-70.4%	-33.3%	79.1%	-23.7%	-37.1%	110.6%
Power & Energy Group			-71.1%
Other			-66.1%
Cost of goods sold [+]	37.6	14.0	2.9	5.8	5.8	3.1	1.7	14.7
Cost of product sales	7.0	5.2	2.7	5.1	2.7	1.0
Other cost of sales				0.3	2.5	1.1
Contract costs				0.1	0.2	0.8
Gross profit	17.1	0.2	-1.3	-0.6	2.0	1.3	4.0	-5.6
Gross margin	31.3%	1.7%	-85.6%	-10.9%	25.9%	30.2%	69.5%	-61.7%
Selling, general and administrative [+]	15.9	12.6	9.8	11.3	11.6	10.7	12.8	12.8
Sales and marketing	0.3	0.9	2.9	3.6	4.1	2.9	3.0	2.0
General and administrative	15.7	11.7	6.9	7.7	7.6	7.8	9.8	10.8
Research and development	3.2	0.8	6.4	7.0	8.2	9.4	13.0
Other operating expenses	0.1	0.7	-3.0				7.4	14.7
EBITDA [+]	0.4	-13.8	-14.6	-18.8	-17.8	-18.8	-27.1	-31.1
EBITDA growth	-103.1%		-22.5%	5.7%	-5.2%	-30.9%	-12.8%	92.5%
EBITDA margin	0.8%	-96.6%	-941.8%	-359.8%	-227.2%	-429.3%	-474.1%	-341.6%
Depreciation and amortization	3.6	1.6	1.1	1.3	1.9	2.0	2.1	2.0
EBIT [+]	-3.2	-15.3	-15.6	-20.1	-19.7	-20.8	-29.2	-33.1
EBIT growth	-79.1%		-22.3%	2.3%	-5.4%	-28.8%	-11.6%	87.0%
EBIT margin	-5.9%	-107.5%	-1011.1%	-385.1%	-251.4%	-475.8%	-510.3%	-363.1%
Non-recurring items [+]	0.0	0.1	3.0	0.9	0.8
Loss (gain) on sale of assets	0.0	0.1		0.9	0.8
Interest expense, net [+]	3.7	2.5	0.0	0.2	-0.1	-0.1	-0.9	-1.0
Interest expense	3.7	2.5		0.2	0.0	0.1	0.1	0.1
Interest income			0.0		0.1	0.2	1.0	1.1
Other income (expense), net [+]	3.2	-1.5	0.6	1.3	-2.0	0.9	-0.1	0.0
Gain (loss) on foreign currency transactions		0.0	0.0
Other non-operating income	0.0	11.4
Other non-ooperating expenses		-13.5
Other	3.2	-1.5	0.6	1.1	-2.0	0.9
Pre-tax income	-3.6	-19.5	-18.0	-19.9	-22.4	-19.9	-28.4	-32.1
Income taxes	0.0	0.0	0.0	0.0	-0.1	1.4	0.6	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.6%			0.0%
Minority interest					0.0	-0.6	0.3	0.6
Earnings from continuing ops	-3.6	-19.5	-18.0	-19.9	-44.8	-19.2	0.0	-32.1
Earnings from discontinued ops					0.1	-2.1	-1.5
Net income	-3.6	-19.5	-18.0	-19.9	-44.7	-21.3	-29.1	-32.1
Net margin	-6.7%	-136.6%	-1162.6%	-381.4%	-570.9%	-487.6%	-507.6%	-352.5%

Basic EPS [+]	($0.31)	($1.68)	($1.55)	($2.55)	($1.69)	($0.77)	$0.00	($0.45)
Growth	-81.3%		-39.2%	51.1%	119.7%	57943.1%	-99.7%	56.9%
Diluted EPS [+]	($0.31)	($1.68)	($1.55)	($2.55)	($1.69)	($0.77)	$0.00	($0.45)
Growth	-81.3%		-39.2%	51.1%	119.7%	57943.1%	-99.7%	56.9%

Shares outstanding (basic) [+]	11.6	11.6	11.6	7.8	26.6	25.0	21.5	71.0
Growth	0.0%		48.3%	-70.6%	6.0%	16.6%	-69.8%	18.9%
Shares outstanding (diluted) [+]	11.6	11.6	11.6	7.8	26.6	25.0	21.5	71.0
Growth	0.0%		48.3%	-70.6%	6.0%	16.6%	-69.8%	18.9%

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