In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
Revenues | 4.7 | 2.7 | 0.6 | 1.5 | 0.5 | 0.9 | 0.8 | 2.4 |
Revenue growth | 73.1% | 384.4% | -61.7% | 211.0% | -45.0% | 1.3% | -65.2% | 73.3% |
Cost of goods sold | 3.0 | 2.2 | 0.3 | 0.6 | 0.3 | 0.7 | 0.5 | 1.0 |
Gross profit | 1.7 | 0.5 | 0.2 | 0.9 | 0.2 | 0.2 | 0.3 | 1.4 |
Gross margin | 36.5% | 18.7% | 39.8% | 62.0% | 40.1% | 21.3% | 39.6% | 57.7% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 0.0 | | | | | | | |
Research and development | 0.2 | | | | | | | |
General and administrative | 14.3 | 8.6 | 10.1 | 9.7 | 9.2 | 1.9 | 0.3 | 1.4 |
EBITA | -13.4 | -7.8 | -9.6 | -8.7 | -8.9 | -1.7 | 0.0 | -0.1 |
EBITA margin | -284.5% | -287.9% | -1699.8% | -589.1% | -1892.6% | -197.0% | 3.7% | -5.5% |
Amortization of intangibles | 6.9 | 0.3 | 0.3 | 0.2 | 0.0 | 0.0 | | |
EBIT | -20.4 | -8.1 | -9.8 | -8.8 | -9.0 | -1.7 | 0.0 | -0.1 |
EBIT margin | -431.9% | -298.6% | -1751.8% | -600.7% | -1900.7% | -200.7% | 3.7% | -5.5% |
Pre-tax income | -31.7 | -8.5 | -10.3 | -8.5 | -9.0 | 0.0 | 0.0 | -6.1 |
Income taxes | -4.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2.2 |
Tax rate | 13.1% | 0.0% | 0.0% | 0.0% | 0.0% | 12.2% | 0.0% | |
Earnings from continuing ops | -27.5 | -8.5 | -10.3 | -8.5 | -9.1 | -2.3 | 0.0 | -6.1 |
Earnings from discontinued ops | | | | | | | | -2.2 |
Net income | -27.5 | -8.5 | -10.3 | -8.5 | -9.1 | -2.3 | 0.0 | -8.3 |
Net margin | -584.6% | -311.3% | -1836.8% | -581.1% | -1918.0% | -269.9% | 3.6% | -339.4% |
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Diluted EPS | ($0.57) | ($0.89) | ($1.15) | ($1.23) | ($4.45) | ($5.87) | $0.00 | ($0.04) |
Shares outstanding (diluted) | 48.7 | 9.5 | 9.0 | 6.9 | 2.0 | 0.4 | 185.9 | 163.4 |
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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. |