Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Mar-31-23 | Mar-31-22 | Mar-31-21 | Mar-31-20 | Mar-31-19 | Mar-31-18 | Mar-31-17 | Mar-31-16 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Grid | 94.6 | 98.9 | 70.5 | 49.6 | 34.3 | 34.1 | 27.9 | 27.1 |
| Wind | 11.4 | 9.6 | 16.6 | 14.3 | 21.9 | 14.3 | 47.3 | 68.9 |
| Total revenues | 106.0 | 108.4 | 87.1 | 63.8 | 56.2 | 48.4 | 75.2 | 96.0 |
| Revenue growth [+] | -2.3% | 24.5% | 36.5% | 13.6% | 16.1% | -35.6% | -21.7% | 36.1% |
| Grid | -4.3% | 40.2% | 42.2% | 44.6% | 0.5% | 22.1% | 2.9% | 41.2% |
| Wind | 18.8% | -42.4% | 16.4% | -35.0% | 53.3% | -69.8% | -31.4% | 34.3% |
| Cost of goods sold | 97.5 | 94.9 | 0.0 | 54.4 | 42.2 | 44.6 | 64.4 | 74.0 |
| Gross profit | 8.5 | 13.5 | 87.1 | 9.4 | 14.0 | 3.8 | 10.8 | 22.0 |
| Gross margin | 8.0% | 12.4% | 100.0% | 14.8% | 24.9% | 7.8% | 14.4% | 22.9% |
| Selling, general and administrative | 28.7 | 27.5 | | 22.7 | 22.0 | 22.6 | 25.7 | 28.9 |
| Research and development | 9.0 | 10.5 | | 9.6 | 9.9 | 11.6 | 12.5 | 12.3 |
| Other operating expenses | 2.7 | 14.3 | 107.2 | 0.3 | 4.1 | 0.2 | 0.2 | 0.2 |
| EBITDA [+] | -26.5 | -33.4 | -14.8 | -18.8 | -17.3 | -19.1 | -20.0 | -11.4 |
| EBITDA growth | -20.6% | 126.4% | -21.6% | 8.5% | -9.2% | -4.6% | 76.2% | -60.3% |
| EBITDA margin | -25.0% | -30.8% | -16.9% | -29.5% | -30.9% | -39.5% | -26.6% | -11.8% |
| Depreciation | 2.6 | 2.8 | 4.2 | 4.0 | 4.3 | 11.0 | 6.9 | 7.4 |
| EBITA | -29.1 | -36.2 | -18.9 | -22.8 | -21.7 | -30.1 | -26.9 | -18.7 |
| EBITA margin | -27.4% | -33.4% | -21.7% | -35.8% | -38.5% | -62.1% | -35.8% | -19.5% |
| Amortization of intangibles | 2.8 | 2.5 | 1.2 | 0.3 | 0.3 | 0.5 | 0.6 | 0.6 |
| EBIT [+] | -31.9 | -38.7 | -20.1 | -23.1 | -22.0 | -30.6 | -27.5 | -19.3 |
| EBIT growth | -17.7% | 92.7% | -13.1% | 5.4% | -28.2% | 11.0% | 42.4% | -49.3% |
| EBIT margin | -30.1% | -35.7% | -23.1% | -36.2% | -39.1% | -63.1% | -36.6% | -20.1% |
| Non-recurring items [+] | 1.1 | -17.7 | 3.1 | | -56.0 | 1.6 | | 0.8 |
| Unusual expense | | | | | -3.7 | | | |
| Legal settlement | | | | | -52.7 | | | |
| Loss on contingent liability | 0.1 | -17.7 | 3.1 | | | 0.1 | | |
| Interest income, net [+] | 0.3 | 0.1 | | 1.3 | 1.1 | 0.1 | -0.4 | -1.0 |
| Interest expense | | | | | | | 0.4 | 1.0 |
| Interest income | 0.3 | 0.1 | | 1.3 | 1.1 | 0.1 | | |
| Other income (expense), net [+] | -2.1 | 0.0 | -0.3 | 4.9 | -2.0 | -0.9 | 1.7 | 0.4 |
| Gain (loss) on sale of assets | -1.9 | | | | 0.1 | 1.2 | | |
| Other | -0.1 | 0.0 | | 0.3 | 1.6 | -2.8 | 0.1 | -2.5 |
| Pre-tax income | -34.8 | -21.0 | -23.5 | -16.9 | 33.1 | -32.9 | -26.2 | -20.7 |
| Income taxes | 0.2 | -1.8 | -0.8 | 0.2 | 6.4 | -0.2 | 1.1 | 2.4 |
| Tax rate | | 8.8% | 3.5% | | 19.3% | 0.5% | | |
| Net income | -35.0 | -19.2 | -22.7 | -17.1 | 26.8 | -32.8 | -27.4 | -23.1 |
| Net margin | -33.1% | -17.7% | -26.0% | -26.8% | 47.6% | -67.7% | -36.4% | -24.1% |
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| Basic EPS [+] | ($1.26) | ($0.71) | ($0.95) | ($0.81) | $1.32 | ($1.73) | ($1.98) | ($1.76) |
| Growth | 78.3% | -25.7% | 16.6% | -161.9% | -176.2% | -12.9% | 12.9% | -69.4% |
| Diluted EPS [+] | ($1.26) | ($0.71) | ($0.95) | ($0.81) | $1.29 | ($1.73) | ($1.98) | ($1.76) |
| Growth | 78.3% | -25.7% | 17.0% | -162.8% | -174.7% | -12.9% | 12.9% | -69.4% |
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| Shares outstanding (basic) [+] | 27.8 | 27.2 | 23.9 | 21.0 | 20.3 | 19.0 | 13.8 | 13.2 |
| Growth | 2.4% | 13.9% | 13.8% | 3.2% | 7.2% | 37.4% | 4.8% | 55.5% |
| Shares outstanding (diluted) [+] | 27.8 | 27.2 | 23.9 | 21.1 | 20.7 | 19.0 | 13.8 | 13.2 |
| Growth | 2.4% | 13.9% | 13.3% | 1.7% | 9.3% | 37.4% | 4.8% | 55.5% |
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| 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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