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NEOGENOMICS INC (NEO)

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-05-18Dec-31-17Dec-05-17
   10-K10-K10-K10-K10-K10-K/A10-K10-K/A
Revenues:  
    Clinical Services  418.8404.2382.3361.2241.9120.4213.1213.1
    Pharma Services  91.080.262.147.734.913.327.227.2
    Other       143.0  
Total revenues  509.7484.3444.4408.8276.7276.7240.3239.2
            Revenue growth   [+]5.2%9.0%8.7%47.7%15.2%15.7%3.6%3.2%
Cost of goods sold  321.8297.3258.6212.0149.5149.5138.3138.3
Gross profit  187.9187.1185.9196.8127.3127.3102.0100.9
            Gross margin  36.9%38.6%41.8%48.1%46.0%46.0%42.4%42.2%
Selling, general and administrative   [+]310.7283.9191.7175.3114.2114.294.494.4
Research and development  30.321.98.28.53.03.03.63.6
Other operating expenses  -3.8       
EBITDA   [+]-79.9-65.421.743.331.831.826.625.5
            EBITDA margin  -15.7%-13.5%4.9%10.6%11.5%11.5%11.1%10.7%
Depreciation  35.430.225.920.315.815.815.615.6
EBITA  -115.3-95.6-4.222.916.016.011.09.9
            EBITA margin  -22.6%-19.7%-0.9%5.6%5.8%5.8%4.6%4.1%
Amortization of intangibles  34.123.29.89.95.95.97.07.0
EBIT   [+]-149.3-118.8-14.013.010.010.04.02.9
            EBIT margin  -29.3%-24.5%-3.1%3.2%3.6%3.6%1.6%1.2%
Non-recurring items   [+]8.3     1.1 
Interest expense  1.55.17.03.76.2 5.5 
Other income (expense), net   [+]-0.2108.87.0-5.60.0-6.20.0-5.6
Pre-tax income  -159.3-15.1-14.13.63.83.8-2.7-2.7
Income taxes  -15.1-6.7-18.2-4.41.20.0-2.30.0
            Tax rate  9.5%44.6%129.7% 31.0%0.0%85.1%0.0%
Net income  -144.3-8.34.28.06.16.1-10.9-10.9
            Net margin  -28.3%-1.7%0.9%2.0%2.2%2.2%-4.6%-4.6%
   
Basic EPS   [+]($1.16)($0.07)$0.04$0.08$0.07$0.07($0.14)($0.14)
Diluted EPS   [+]($1.16)($0.07)$0.04$0.08$0.07$0.07($0.14)($0.14)
   
Shares outstanding (basic)   [+]124.2120.0108.6100.585.685.679.479.4
Shares outstanding (diluted)   [+]124.2120.0111.8103.691.691.679.479.4
   
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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