MAGNEGAS CORP (MNGA) [Rocket]

Overview

MAGNEGAS CORP (MNGA)

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Recent News + Filings (All items)

Date Filed	Type	Description
07/01/2020	25-NSE	Form 25-NSE - Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities:
06/03/2020	8-K	Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits
05/15/2020	8-K	Quarterly results
05/14/2020	NT 10-K	Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405:
05/01/2020	8-K	Other Events
04/20/2020	8-K	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
04/17/2020	8-K	Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Revenue Mix by Segment

Financial Summary (All financials)

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
Revenues	9.7	3.7	3.6	2.4	1.0	1.0	0.6	0.4
Revenue growth	161.1%	4.7%	46.1%	137.6%	3.4%	69.3%	53.0%	-81.2%
Cost of goods sold	5.6	2.2	2.0	1.5	0.7	0.5	0.5	0.0
Gross profit	4.1	1.5	1.5	1.0	0.3	0.4	0.0	0.3
Gross margin	42.1%	40.4%	43.2%	39.3%	34.1%	44.5%	6.6%	88.8%
Selling, general and administrative	18.0	12.4	10.5	8.7	4.0	3.5	6.8
Sales and marketing								0.4
Research and development	0.0	0.2	0.7	0.3	0.4	0.2		0.1
General and administrative								0.0
EBITA	-15.0	-11.8	-12.1	-8.6	-7.1	-6.3	-6.6	-2.9
EBITA margin	-154.2%	-316.4%	-339.9%	-355.5%	-693.9%	-633.9%	-1134.8%	-756.3%
Amortization of intangibles			0.1		0.0	0.0	0.0	0.0
EBIT	-15.0	-11.8	-12.1	-8.6	-7.1	-6.3	-6.7	-2.9
EBIT margin	-154.2%	-316.4%	-341.5%	-355.5%	-698.6%	-638.8%	-1143.1%	-769.0%
Pre-tax income	-15.0	-11.0	-17.5	-9.9	-7.2	-6.3	-6.7	-2.9
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0	0.5	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%		0.0%
Net income	-19.3	-16.0	-17.5	-9.9	-7.2	-6.3	-7.1	-2.9
Net margin	-198.9%	-430.1%	-491.8%	-406.1%	-699.1%	-638.9%	-1221.7%	-769.1%

Diluted EPS	($7.75)	($444.45)	($52.74)	($0.25)	($0.23)	($0.29)	($0.41)	($0.22)
Shares outstanding (diluted)	2.5	0.0	0.3	39.9	31.8	21.8	17.4	13.1

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