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: |
Three Government Customers | | | | | | 4.0 | | |
Four Government Customers | | | | | 6.3 | | | |
Other | | | | | 4.0 | 2.8 | | |
Total revenues [+] | 7.5 | 7.3 | 6.6 | 13.6 | 10.3 | 6.9 | 6.1 | 6.8 |
Products | | | | | | | 6.1 | 6.8 |
Services | | | | | | | | 0.0 |
Revenue growth | 3.5% | 9.9% | -51.5% | 32.8% | 49.8% | 12.5% | -10.6% | -5.5% |
Cost of goods sold [+] | 3.4 | 3.6 | 2.7 | 5.3 | 3.8 | 2.8 | 2.2 | 2.5 |
Cost of product sales | | | | | | | | 2.5 |
Cost of services | | | | | | | | 0.0 |
Gross profit | 4.2 | 3.7 | 3.9 | 8.3 | 6.4 | 4.0 | 3.9 | 4.3 |
Gross margin | 55.5% | 50.2% | 59.1% | 60.8% | 62.6% | 58.8% | 64.2% | 62.9% |
Selling, general and administrative [+] | 14.0 | 16.8 | 6.6 | 2.5 | 2.7 | 2.6 | 2.8 | 3.1 |
Sales and marketing | 6.5 | 10.9 | 3.8 | 1.3 | 1.6 | 1.5 | 1.6 | 1.9 |
General and administrative | 7.5 | 5.9 | 2.8 | 1.2 | 1.1 | 1.1 | 1.2 | 1.2 |
Research and development | 6.5 | 6.3 | 3.8 | 1.3 | 1.2 | 2.2 | 2.5 | 2.3 |
EBITDA [+] | -15.0 | -18.7 | -6.3 | 4.7 | 2.6 | -0.5 | -1.1 | -0.8 |
EBITDA growth | -20.0% | 197.6% | -234.1% | 79.8% | -580.5% | -51.3% | 32.4% | -5720.0% |
EBITDA margin | -198.9% | -257.3% | -95.1% | 34.4% | 25.4% | -7.9% | -18.3% | -12.4% |
Depreciation and amortization | 1.3 | 0.8 | 0.2 | 0.2 | 0.1 | 0.2 | 0.3 | 0.3 |
EBIT [+] | -16.3 | -19.5 | -6.5 | 4.5 | 2.5 | -0.7 | -1.4 | -1.1 |
EBIT growth | -16.5% | 199.0% | -244.7% | 82.0% | -430.6% | -46.8% | 23.2% | 416.7% |
EBIT margin | -216.3% | -268.0% | -98.5% | 33.0% | 24.1% | -10.9% | -23.1% | -16.7% |
Interest expense, net [+] | 0.3 | -0.7 | 0.0 | 0.0 | 0.2 | 0.2 | 0.1 | 0.1 |
Interest expense | 2.4 | 0.0 | 0.0 | 0.0 | 0.2 | 0.2 | 0.1 | 0.1 |
Interest income | 2.0 | 0.7 | 0.0 | 0.0 | | | | |
Other income (expense), net [+] | 0.4 | | | | | 0.9 | | |
Other non-operating income | | | | | | 0.9 | | |
Other | | | | | | 0.9 | | |
Pre-tax income | -16.2 | -18.8 | -6.5 | 4.5 | 2.3 | 0.0 | -1.6 | -1.2 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | -16.2 | -18.8 | -6.6 | 4.3 | 2.1 | -0.2 | -1.7 | -1.4 |
Net margin | -215.6% | -258.4% | -99.7% | 31.7% | 20.9% | -2.5% | -27.7% | -20.3% |
|
Basic EPS [+] | ($0.82) | ($1.05) | ($0.45) | $0.32 | $0.16 | ($0.01) | ($0.13) | ($0.11) |
Growth | -21.5% | 132.5% | -240.3% | 94.6% | -1350.3% | -90.1% | 20.5% | 229.0% |
Diluted EPS [+] | ($0.82) | ($1.05) | ($0.45) | $0.28 | $0.14 | ($0.01) | ($0.13) | ($0.11) |
Growth | -21.5% | 132.5% | -259.5% | 97.6% | -1183.1% | -90.1% | 20.5% | 229.0% |
|
Dividends per share [+] | | | $0.01 | $0.05 | | | | |
Growth | | -100.0% | -87.2% | | | | | -100.0% |
|
Shares outstanding (basic) [+] | 19.8 | 18.0 | 14.7 | 13.5 | 13.0 | 12.8 | 12.7 | 12.6 |
Growth | 10.0% | 22.6% | 8.7% | 3.5% | 1.7% | 0.8% | 1.1% | 1.7% |
Shares outstanding (diluted) [+] | 19.8 | 18.0 | 14.7 | 15.4 | 15.1 | 12.8 | 12.7 | 12.6 |
Growth | 10.0% | 22.6% | -4.4% | 1.9% | 17.3% | 0.8% | 1.1% | 1.7% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |