INTERMOLECULAR INC (IMI) [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 [+]	33.7	37.2	47.3	45.3	47.7	67.4	66.8	53.8
Licensing			7.6	11.4	17.1	14.9	15.9	14.4
Products						6.7	3.5	2.7
Services			39.7	33.9	30.6	45.7	47.5	36.7
Revenue growth	-9.5%	-21.3%	4.4%	-5.0%	-29.2%	0.9%	24.1%	26.1%
Cost of goods sold [+]	10.0	12.1	16.0	19.6	24.9	32.7	28.7	26.2
Cost of product sales						3.2	1.6	1.0
Cost of services			15.7	19.0	24.4	29.1	26.5	23.8
Cost of licensing			0.1	0.3	0.3	0.2	0.3	0.8
Gross profit	23.7	25.1	31.3	25.7	22.8	34.7	38.1	27.6
Gross margin	70.3%	67.5%	66.3%	56.7%	47.7%	51.4%	57.1%	51.3%
Selling, general and administrative [+]	10.8	13.2	18.1	18.2	18.4	18.4	16.3	12.8
Sales and marketing	3.3	4.0	7.4	5.9	5.8	6.5	5.4	4.3
General and administrative	7.5	9.2	10.7	12.3	12.6	12.0	10.9	8.5
Research and development	17.2	21.5	28.1	28.6	24.3	24.5	21.8	19.3
Other operating expenses			-0.1	-0.3	-0.3	-0.2	-0.3	-0.8
EBITDA [+]	0.4	-2.5	-5.2	-10.0	-8.1	1.4	8.3	3.4
EBITDA growth	-115.0%	-52.8%	-47.8%	23.4%	-692.9%	-83.5%	146.3%	13.3%
EBITDA margin	1.1%	-6.6%	-11.0%	-22.1%	-17.0%	2.0%	12.4%	6.2%
Depreciation	4.5	6.9	9.0	9.7	10.9	8.8	7.4	7.0
EBITA	-4.1	-9.3	-14.3	-19.7	-19.0	-7.4	0.9	-3.6
EBITA margin	-12.3%	-25.1%	-30.2%	-43.5%	-39.8%	-11.0%	1.3%	-6.8%
Amortization of intangibles	0.2	0.3	0.5	1.0	0.7	0.6	0.6	0.1
EBIT [+]	-4.3	-9.7	-14.8	-20.7	-19.7	-8.0	0.3	-3.7
EBIT growth	-55.0%	-34.6%	-28.8%	5.3%	145.1%	-2927.1%	-107.6%	85.5%
EBIT margin	-12.9%	-25.9%	-31.2%	-45.7%	-41.3%	-11.9%	0.4%	-6.9%
Non-recurring items		1.4	1.1		1.4
Interest expense, net [+]	-0.6	-0.3	-0.2	0.3	0.7	0.8	1.0	0.1
Interest expense				0.3	0.7	0.8	1.0	0.1
Interest income	0.6	0.3	0.2
Other income (expense), net	0.3	0.3	0.3	0.0	0.0	0.1	0.0	-26.2
Pre-tax income	-3.4	-10.4	-15.4	-21.0	-21.8	-8.8	-0.7	-30.0
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.0
Net income	-3.4	-10.4	-15.4	-21.0	-21.8	-8.8	-0.8	-38.7
Net margin	-10.1%	-28.0%	-32.6%	-46.4%	-45.6%	-13.1%	-1.1%	-71.8%

Basic EPS [+]	($0.07)	($0.21)	($0.31)	($0.44)	($0.47)	($0.20)	($0.02)	($3.99)
Growth	-67.3%	-32.8%	-28.4%	-6.3%	137.5%	1014.9%	-99.6%	39.3%
Diluted EPS [+]	($0.07)	($0.21)	($0.31)	($0.44)	($0.47)	($0.20)	($0.02)	($3.99)
Growth	-67.3%	-32.8%	-28.4%	-6.3%	137.5%	1014.9%	-99.6%	39.3%

Shares outstanding (basic) [+]	49.7	49.5	49.4	48.2	46.7	45.0	43.0	9.7
Growth	0.3%	0.3%	2.6%	3.1%	3.9%	4.6%	343.0%	74.2%
Shares outstanding (diluted) [+]	49.7	49.5	49.4	48.2	46.7	45.0	43.0	9.7
Growth	0.3%	0.3%	2.6%	3.1%	3.9%	4.6%	343.0%	74.2%

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