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SPECTRANETICS CORP (SPNC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10Dec-31-09
   10-K10-K10-K10-K10-K10-K/A10-K10-K
Revenue  270.8246.0204.9158.8140.3127.3117.9114.8
            Revenue growth  10.1%20.0%29.0%13.2%10.2%7.9%2.7%10.4%
Cost of products sold  68.362.951.441.437.935.734.033.1
    Gross profit  202.5182.8151.5117.5102.491.683.981.7
            Gross margin  74.8%74.3%73.9%74.0%73.0%71.9%71.1%71.1%
   
Operating expenses:          
Selling, general and administrative  164.3143.4128.191.882.370.566.768.5
Research, development and other technology  67.564.428.722.116.817.714.915.1
Acquisition transaction, integration and legal costs  1.929.517.3 0.3   
Intangible asset amortization  12.213.36.30.9    
Contingent consideration expense  0.22.72.10.9    
    Total operating expenses  246.1233.4188.4117.199.490.390.993.7
    Operating loss  -43.6-50.5-37.00.42.91.3-7.0-12.0
            Operating margin  -16.1%-20.5%-18.0%0.2%2.1%1.0%-6.0%-10.4%
   
Other expense:          
Interest expense  -13.3-7.9-4.10.00.00.10.20.4
Foreign currency transaction gain (loss)  -0.4-0.4-0.20.00.0-0.10.0 
    Total other expense  -13.7-8.2-4.30.00.0-0.20.2-1.3
    Loss before income tax expense  -57.3-58.7-41.20.43.01.1-6.8-13.2
Income tax expense  0.80.7-0.30.80.70.26.20.1
            Tax rate    0.8%190.2%24.8%20.5%  
    Net loss  -58.1-59.5-40.9-0.42.20.9-13.1-13.4
   
Net loss per share —          
Basic and diluted (in dollars per share)  ($1.35)($1.40)($0.98)($0.01)$0.06$0.03($0.39)($0.41)
   
Other comprehensive income (loss), net of tax          
Foreign currency translation adjustments  -3.8-0.6-1.00.30.1-0.3-0.40.1
    Comprehensive loss, net of tax  -61.9-60.1-41.9-0.12.30.6-13.5-11.2
   
Weighted average common shares outstanding —          
Basic and diluted (in shares)  42.942.441.738.9    

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