STR HOLDINGS, INC. (STRI) [Rocket]

In millions, except per share items	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Spain	5.7	9.3	9.9	15.7	24.1	17.0	38.9	95.3
INDIA	2.9	0.1
United States	2.3	0.1	0.1	0.0	0.1	2.0	17.0	61.3
China	0.0	4.0	10.1	10.0	6.2	1.3
Other				4.0	9.0	11.6	39.4	75.9
Total revenues [+]	10.9	13.5	20.1	29.8	39.3	31.9	95.3	232.4
Other income							7.2
Revenue growth [+]	-19.7%	-32.7%	-32.5%	-24.2%	23.3%	-66.6%	-59.0%	-10.3%
Spain	-38.7%	-6.6%	-36.6%	-35.0%	41.9%	-56.3%	-59.2%	-18.5%
INDIA	2776.0%
United States	1500.0%	146.6%	18.4%	-5.8%	-97.4%	-88.4%	-72.2%	-38.6%
China	-99.3%	-60.3%	0.8%	62.8%	361.9%
Cost of goods sold	11.5	14.9	22.1	31.6	44.5	34.1	97.2	160.4
Gross profit	-0.7	-1.4	-2.0	-1.8	-5.2	-2.2	-1.8	72.0
Gross margin	-6.1%	-10.2%	-10.0%	-6.1%	-13.3%	-7.0%	-1.9%	31.0%
Selling, general and administrative	5.6	6.1	7.1	10.2	12.8	18.3	21.3	27.8
Research and development	0.8	0.7	1.2	1.3	1.2	2.7	4.4	2.6
Other operating expenses	1.0	-0.5	3.2	-0.3	0.9	1.6	0.5	0.4
EBITDA [+]	-7.4	-6.9	-11.8	-11.1	-18.1	-22.8	-8.4	57.8
EBITDA growth	7.1%	-41.4%	6.2%	-38.4%	-20.8%	173.0%	-114.5%	-40.7%
EBITDA margin	-68.2%	-51.2%	-58.8%	-37.4%	-46.0%	-71.7%	-8.8%	24.9%
Depreciation	0.7	0.7	1.7	1.9	2.1	2.0	11.3	8.2
EBITA	-8.1	-7.6	-13.5	-13.0	-20.2	-24.9	-19.6	49.6
EBITA margin	-74.8%	-56.4%	-67.3%	-43.7%	-51.3%	-78.0%	-20.6%	21.4%
Amortization of intangibles							8.4	8.4
EBIT [+]	-8.1	-7.6	-13.5	-13.0	-20.2	-24.9	-28.1	41.2
EBIT growth	6.6%	-43.6%	3.9%	-35.4%	-18.9%	-11.4%	-168.1%	-49.9%
EBIT margin	-74.8%	-56.4%	-67.3%	-43.7%	-51.3%	-78.0%	-29.4%	17.7%
Non-recurring items [+]	-0.4	-0.4	-0.9		-0.5	0.4	255.4	65.8
Asset impairment						0.2	255.4	65.8
Loss (gain) on sale of assets	-0.4	-0.4	-0.9		-0.5	0.2
Interest income, net [+]	0.0	0.0	0.0	0.0	0.0	0.0	-0.2	0.2
Interest expense				0.0		0.0	0.2
Interest income	0.0	0.0	0.0		0.0			0.2
Other income (expense), net [+]	1.5	2.3	-3.3	-0.8	3.5	-0.4	5.8	-4.4
Gain (loss) on foreign currency transactions	-0.2	0.1	-0.5	0.0	0.3	-0.4	-0.3	0.2
Other	2.2	2.7	-1.8	-0.7	3.6		7.2
Pre-tax income	-6.2	-4.9	-15.9	-13.8	-16.2	-25.6	-277.8	-28.8
Income taxes	-0.4	0.2	0.0	-0.4	6.5	-7.3	-66.3	10.7
Tax rate	6.4%		0.0%	2.9%		28.7%	23.8%
Net income	-5.8	-5.1	-15.9	-9.5	-23.6	-18.3	-207.3	-1.3
Net margin	-52.9%	-37.7%	-78.9%	-31.8%	-60.1%	-57.4%	-217.5%	-0.6%

Basic EPS [+]	($0.29)	($0.27)	($0.86)	($0.52)	($2.16)	($1.32)	($15.06)	($0.03)
Growth	8.1%	-68.7%	65.0%	-75.8%	64.1%	-91.2%	47107.7%	-102.6%
Diluted EPS [+]	($0.29)	($0.27)	($0.86)	($0.52)	($2.16)	($1.32)	($15.06)	($0.03)
Growth	8.1%	-68.7%	65.0%	-75.8%	64.1%	-91.2%	47107.7%	-102.7%

Dividends per share [+]				$0.00	$2.07
Growth			-100.0%	-99.9%

Shares outstanding (basic) [+]	19.8	18.9	18.4	18.1	10.9	13.9	13.8	40.9
Growth	4.4%	2.8%	1.6%	65.7%	-21.3%	0.7%	-66.3%	1.4%
Shares outstanding (diluted) [+]	19.8	18.9	18.4	18.1	10.9	13.9	13.8	40.9
Growth	4.4%	2.8%	1.6%	65.7%	-21.3%	0.7%	-66.3%	-2.9%

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