Financial Summary (All financials)
In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 51.0 | 56.4 | 26.5 |
Revenue growth | -9.5% | 113.2% | |
Cost of goods sold | 2.5 | 9.0 | 4.2 |
Gross profit | 48.5 | 47.4 | 22.3 |
Gross margin | 95.1% | 84.1% | 84.2% |
Selling, general and administrative | 39.2 | 27.2 | 13.1 |
Research and development | 70.9 | 52.4 | 14.4 |
EBIT | -60.8 | -27.9 | -5.2 |
EBIT margin | -119.2% | -49.5% | -19.8% |
Pre-tax income | -60.8 | -20.4 | 1.9 |
Income taxes | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% |
Earnings from continuing ops | -60.8 | -20.4 | 1.9 |
Earnings from discontinued ops | -60.8 | -20.4 | -1.0 |
Net income | -121.6 | -40.7 | 0.9 |
Net margin | -238.3% | -72.3% | 3.3% |
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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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