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GLAUKOS Corp (GKOS)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    United States  203.2223.8173.1192.5151.7140.9 67.7
    International  79.670.251.944.529.618.4 4.0
Total revenues  282.9294.0225.0237.0181.3159.3114.471.7
            Revenue growth   [+]-3.8%30.7%-5.1%30.7%13.8%39.2%59.5%57.3%
Cost of goods sold  69.066.691.738.625.121.116.213.0
Gross profit  213.9227.4133.2198.4156.2138.298.258.7
            Gross margin  75.6%77.3%59.2%83.7%86.2%86.8%85.9%81.9%
Selling, general and administrative  192.9179.3171.4176.6119.596.364.844.0
Research and development  123.3101.085.468.349.738.929.225.0
Other operating expenses         25.7
EBITDA   [+]-70.7-23.2-94.2-40.2-6.78.59.0-31.7
            EBITDA margin  -25.0%-7.9%-41.9%-17.0%-3.7%5.4%7.8%-44.2%
Depreciation  6.74.74.56.36.35.54.74.3
EBITA  -77.4-28.0-98.6-46.5-13.03.04.2-36.0
            EBITA margin  -27.4%-9.5%-43.8%-19.6%-7.2%1.9%3.7%-50.2%
Amortization of intangibles  24.924.924.9     
EBIT   [+]-102.3-52.9-123.6-46.5-13.03.04.2-36.0
            EBIT margin  -36.2%-18.0%-54.9%-19.6%-7.2%1.9%3.7%-50.2%
Non-recurring items   [+]-20.0-20.0 3.7 5.3 -25.7
Interest expense, net   [+]13.713.414.12.6-2.3-1.4-0.9-0.1
Other income (expense), net   [+]-2.4-3.05.42.8-1.60.9-0.6-28.1
Pre-tax income  -98.4-49.3-132.3-50.0-12.40.04.6-38.3
Income taxes  0.80.3-12.0-65.50.60.10.00.0
            Tax rate    9.0%130.8% 9300.0%0.9% 
Minority interest         -1.1
Net income  -99.2-49.6-120.315.4-13.0-0.14.5-37.2
            Net margin  -35.1%-16.9%-53.5%6.5%-7.1%-0.1%4.0%-51.9%
   
Basic EPS   [+]($2.09)($1.07)($2.70)$0.41($0.37)$0.00$0.14($2.13)
Diluted EPS   [+]($2.09)($1.07)($2.70)$0.37($0.37)$0.00$0.12($2.13)
   
Shares outstanding (basic)   [+]47.446.444.537.435.334.432.917.5
Shares outstanding (diluted)   [+]47.446.444.541.135.334.436.517.5
   
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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