Financial Summary (All financials)
In millions, except per share items | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 |
Revenues | 84.0 | 0.0 | 95.8 | 80.5 | 84.7 | 53.3 | 38.3 | 21.5 |
Revenue growth | | -100.0% | 19.0% | -5.0% | 59.1% | 39.3% | 77.7% | 51.4% |
Cost of goods sold | 63.6 | 0.0 | 71.4 | 49.3 | 46.5 | 34.0 | 26.9 | 3.9 |
Gross profit | 20.5 | 0.0 | 24.3 | 31.2 | 38.2 | 19.3 | 11.4 | 17.7 |
Gross margin | 24.3% | | 25.4% | 38.8% | 45.1% | 36.3% | 29.8% | 82.1% |
Selling, general and administrative | | 0.0 | | | | | | |
Sales and marketing | 8.0 | 0.0 | 15.2 | 20.4 | 14.4 | 12.0 | 10.9 | 20.3 |
Research and development | 5.7 | | 5.1 | 6.5 | 5.1 | 3.5 | 3.1 | 2.6 |
General and administrative | 10.7 | 0.0 | 11.8 | 12.2 | 8.7 | 7.4 | 5.3 | 4.9 |
EBITA | -4.1 | 0.0 | -7.5 | -10.1 | 9.4 | -0.6 | -7.9 | -10.1 |
EBITA margin | -4.9% | | -7.8% | -12.6% | 11.1% | -1.1% | -20.6% | -46.7% |
Amortization of intangibles | 0.7 | | 3.6 | 5.1 | 5.7 | 2.5 | 1.0 | 1.1 |
EBIT | -4.8 | 0.0 | -11.1 | -15.3 | 3.7 | -3.1 | -8.9 | -11.2 |
EBIT margin | -5.7% | | -11.6% | -19.0% | 4.4% | -5.8% | -23.2% | -51.9% |
Pre-tax income | -6.1 | 0.0 | -11.3 | -13.1 | 4.3 | -6.1 | -8.6 | -18.2 |
Income taxes | 0.1 | 0.0 | 0.1 | 0.2 | 0.1 | 0.2 | 0.0 | 0.0 |
Tax rate | | | | | 2.4% | | | |
Net income | -5.5 | 0.0 | -24.2 | -14.6 | 4.2 | -6.3 | -8.6 | -18.2 |
Net margin | -6.5% | | -25.3% | -18.1% | 5.0% | -11.8% | -22.4% | -84.6% |
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Diluted EPS | ($0.27) | | ($0.52) | ($0.62) | $0.25 | ($0.44) | ($0.60) | ($1.58) |
Shares outstanding (diluted) | 23.2 | | 22.1 | 21.4 | 16.8 | 14.4 | 14.3 | 11.5 |
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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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