Patriot National, Inc. (PN) [Rocket]

Overview

Patriot National, Inc. (PN)

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Recent News + Filings (All items)

Date Filed	Type	Description
02/14/2018	SC 13G/A	Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]
12/13/2017	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:
12/01/2017	8-K	Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
11/28/2017	8-K	Entry into a Material Definitive Agreement, Financial Statements and Exhibits
11/22/2017	8-K	Entry into a Material Definitive Agreement, Cost Associated with Exit or Disposal Activities, Other Events
10/16/2017	GN	Patriot National Announces New York Stock Exchange Listing Extension
09/29/2017	8-K	Quarterly results

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13
Revenues	232.8	209.7	117.3	55.9
Revenue growth	11.0%	78.8%	109.7%
Cost of goods sold	94.1	77.6	32.4	16.0
Gross profit	138.8	132.1	84.8	39.9
Gross margin	59.6%	63.0%	72.4%	71.4%
Selling, general and administrative	18.7
Sales and marketing		35.9	16.9	8.8
EBIT	78.4	3.0	33.1	-4.4
EBIT margin	33.7%	1.4%	28.2%	-7.8%
Pre-tax income	-19.5	-0.4	22.1	-5.6
Income taxes	-18.7	4.9	11.6	0.7
Tax rate	95.9%		52.7%
Earnings from continuing ops	-0.8	-5.4	10.4	-6.2
Earnings from discontinued ops	0.0
Net income	-0.8	-5.4	10.4	-6.2
Net margin	-0.3%	-2.6%	8.9%	-11.1%

Diluted EPS	($0.03)	($0.20)	$0.66	($0.43)
Shares outstanding (diluted)	30.2	26.4	15.8	14.3

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