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TriVascular Technologies, Inc. (TRIV)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-14Dec-31-13Dec-31-12
   10-K10-K10-K
Total revenues  31.819.55.4
            Revenue growth  63.0%261.4% 
Cost of goods sold  13.811.78.9
Gross profit  18.07.8-3.6
            Gross margin  56.5%40.0%-65.8%
Selling, general and administrative  52.438.418.7
Research and development  15.513.312.2
Adjusted EBITDA  -46.9-41.6-32.1
            Adjusted EBITDA margin  -147.4%-213.1%-593.8%
Stock-based compensation  2.61.31.1
EBITDA   [+]-49.5-42.9-32.9
            EBITDA margin  -155.6%-219.9%-610.2%
Depreciation and amortization  0.51.01.5
EBIT   [+]-50.0-43.9-34.4
            EBIT margin  -157.2%-225.0%-637.8%
Interest expense  7.76.44.3
Other income (expense), net  0.60.2-4.4
Pre-tax income  -57.1-50.1-43.1
Income taxes  0.30.20.2
Net income  -57.4-50.3-43.3
            Net margin  -180.4%-257.9%-802.4%
   
Basic EPS   [+]($3.95)($87.42)($101.97)
Diluted EPS   [+]($3.95)($87.42)($101.97)
   
Shares outstanding (basic)   [+]14.50.60.4
Shares outstanding (diluted)   [+]14.50.60.4
   
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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