In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Plastics Segment | 3.5 | 3.6 | | | | | | |
Other Segments | 0.3 | 0.3 | 0.6 | 0.6 | | | | |
Other | 12.1 | 14.4 | 21.9 | 32.0 | | | | |
Total revenues [+] | 16.0 | 18.3 | 22.5 | 32.6 | 12.2 | 11.3 | 13.9 | 15.8 |
Products | | | | | | | 13.9 | 15.8 |
Revenue growth [+] | -12.5% | -18.9% | -31.0% | 166.8% | 7.8% | -18.4% | -12.1% | 8.6% |
Plastics Segment | -2.4% | | | | | | | |
Other Segments | 12.3% | -53.7% | -4.1% | | | | | |
Ceramics Segment | -4.7% | 26.8% | -13.5% | | | | | |
Cost of goods sold | 15.4 | 16.7 | 20.4 | 25.5 | 11.2 | 11.1 | 12.5 | 12.6 |
Gross profit | 0.6 | 1.6 | 2.1 | 7.2 | 1.1 | 0.2 | 1.4 | 3.2 |
Gross margin | 3.5% | 8.6% | 9.5% | 21.9% | 8.7% | 1.8% | 10.3% | 20.3% |
Selling, general and administrative [+] | 9.4 | 10.4 | 9.1 | 7.0 | 4.9 | 4.3 | 6.2 | 5.5 |
Sales and marketing | 3.7 | 4.6 | 2.9 | 2.4 | 1.7 | 1.9 | 2.2 | 2.7 |
General and administrative | 5.7 | 5.8 | 6.2 | 4.6 | 3.2 | 2.3 | 4.0 | 2.8 |
Research and development | 1.8 | 1.9 | 1.3 | 0.7 | 0.7 | 0.5 | 0.6 | 0.7 |
Other operating expenses | | | -0.3 | | | | 0.4 | 0.4 |
EBITDA [+] | -8.1 | -7.9 | -5.1 | 0.8 | -3.8 | -3.7 | -4.4 | -2.0 |
EBITDA growth | 1.4% | 55.2% | -768.5% | -120.0% | 4.6% | -16.9% | 125.7% | -45.1% |
EBITDA margin | -50.4% | -43.5% | -22.7% | 2.3% | -31.4% | -32.3% | -31.7% | -12.4% |
Depreciation | 2.5 | 2.6 | 2.8 | 1.3 | 0.6 | 0.9 | 1.4 | 1.4 |
EBITA | -10.6 | -10.6 | -7.9 | -0.6 | -4.5 | -4.6 | -5.8 | -3.4 |
EBITA margin | -66.1% | -57.9% | -35.3% | -1.8% | -36.7% | -40.6% | -41.6% | -21.5% |
Amortization of intangibles | 0.1 | 0.1 | | | | | | |
EBIT [+] | -10.6 | -10.7 | -7.9 | -0.6 | -4.5 | -4.6 | -5.8 | -3.4 |
EBIT growth | -0.4% | 34.4% | 1277.4% | -87.1% | -2.6% | -20.4% | 70.4% | -34.5% |
EBIT margin | -66.6% | -58.5% | -35.3% | -1.8% | -36.7% | -40.6% | -41.6% | -21.5% |
Non-recurring items [+] | 1.9 | | 0.3 | | | | 7.3 | |
Asset impairment | | | | | | | 7.3 | |
Loss on contingent liability | | | 0.3 | | | | | |
Interest income, net [+] | 0.4 | 0.4 | -0.1 | 0.0 | -0.1 | 0.0 | 0.0 | 0.1 |
Interest expense | | | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 |
Interest income | 0.4 | 0.4 | | | | | | 0.1 |
Other income (expense), net [+] | -2.3 | -0.9 | -1.9 | 0.3 | 0.4 | -0.1 | 0.0 | 0.4 |
Amortization of debt discount premium | -2.4 | -0.8 | | | | | | |
Gain (loss) on sale of assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | | |
Gain (loss) on investments | | | | | | | 0.0 | 0.0 |
Gain (loss) on foreign currency transactions | 0.4 | 0.7 | -1.5 | 0.3 | 0.3 | -0.1 | 0.0 | 0.5 |
Change in fair value of warrants | | | -0.9 | | | | | |
Other | -2.4 | -0.8 | | | | | | 0.5 |
Pre-tax income | -14.4 | -11.2 | -10.3 | -0.3 | -4.2 | -4.8 | -13.2 | -2.9 |
Income taxes | -0.2 | -0.1 | -0.5 | -0.3 | -0.4 | -0.3 | 3.2 | -0.7 |
Tax rate | 1.6% | 0.6% | 4.5% | 115.4% | 8.7% | 6.7% | | 24.2% |
Minority interest | | | | | | | | 0.0 |
Net income | -14.2 | -11.1 | -9.8 | 0.0 | -3.8 | -4.5 | -16.4 | -2.2 |
Net margin | -88.7% | -60.9% | -43.5% | 0.1% | -31.2% | -39.3% | -118.1% | -14.0% |
|
Basic EPS [+] | ($0.40) | ($0.52) | ($0.46) | $0.00 | ($0.24) | ($0.11) | ($0.45) | ($0.06) |
Growth | -22.4% | 11.6% | -23041.2% | -100.8% | 122.9% | -75.9% | 642.1% | -36.5% |
Diluted EPS [+] | ($0.40) | ($0.52) | ($0.46) | $0.00 | ($0.24) | ($0.11) | ($0.45) | ($0.06) |
Growth | -22.4% | 11.6% | -23059.3% | -100.8% | 122.9% | -75.9% | 642.1% | -36.5% |
|
Shares outstanding (basic) [+] | 35.4 | 21.6 | 21.2 | 19.7 | 16.0 | 41.6 | 36.8 | 36.8 |
Growth | 64.1% | 1.7% | 7.9% | 23.1% | -61.6% | 12.9% | 0.1% | 13.6% |
Shares outstanding (diluted) [+] | 35.4 | 21.6 | 21.2 | 19.7 | 16.0 | 41.6 | 36.8 | 36.8 |
Growth | 64.1% | 1.7% | 7.8% | 23.2% | -61.6% | 12.9% | 0.1% | 13.6% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |