Mattersight Corp (MATR) [Rocket]

In millions, except per share items	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Jan-01-11
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Subscription revenue	43.7	38.7	36.1	26.4	28.6
Other	2.8	3.4	3.8	3.9	5.9
Total revenues [+]	46.5	42.1	39.9	30.3	34.5	33.9	29.1	30.9
Services						33.5	28.8	30.3
Subscription	43.7	38.7	36.1	26.4	28.6	32.1	27.3	25.2
Reimbursements						0.4	0.3	0.6
Other	2.8	3.4	3.8	3.9	5.9	1.3	1.5	5.0
Revenue growth [+]	10.5%	5.5%	31.6%	-12.1%	1.9%	16.4%	-5.8%	-5.2%
Subscription revenue	12.9%	7.3%	36.9%	-7.8%
Cost of goods sold [+]	13.6	13.8	10.7	9.4	22.2	39.5	38.9	44.8
Cost of services	3.4	3.4	2.6	2.6	3.9	12.9	13.2	15.5
Reimbursable costs						0.4	0.3	0.6
Cost of subscriptions	10.2	10.4	8.1	6.8	7.1	12.2	12.2	12.0
Non-recurring costs					0.2	0.7	-0.3	0.5
Gross profit	33.0	28.3	29.2	20.9	12.3	-5.7	-9.8	-13.9
Gross margin	70.9%	67.2%	73.3%	69.0%	35.5%	-16.8%	-33.6%	-44.9%
Selling, general and administrative [+]	25.6	28.7	25.5	18.2	19.4	8.3	9.1	10.1
Sales and marketing	13.4	16.8	13.8	9.1	10.6
General and administrative	12.2	11.8	11.7	9.1	8.8	8.3	9.1	10.1
Research and development	13.3	12.5	13.9	12.5	11.1
Other operating expenses				0.1	-11.2	-3.3	-5.4	-10.0
EBITDA [+]	-5.9	-12.9	-10.1	-9.9	-7.1	-10.6	-13.5	-14.0
EBITDA growth	-54.2%	27.2%	2.5%	39.8%	-33.3%	-21.6%	-3.3%	5.3%
EBITDA margin	-12.7%	-30.6%	-25.3%	-32.5%	-20.5%	-31.3%	-46.4%	-45.2%
Depreciation	6.3	5.9	4.9	3.0	3.5	3.4	3.2	3.3
EBITA	-12.2	-18.8	-15.1	-12.9	-10.5	-14.0	-16.7	-17.3
EBITA margin	-26.3%	-44.7%	-37.7%	-42.5%	-30.5%	-41.4%	-57.5%	-55.9%
Amortization of intangibles				0.1	0.1	0.1	0.2	0.1
EBIT [+]	-12.2	-18.8	-15.1	-13.0	-10.6	-14.1	-16.9	-17.4
EBIT growth	-34.9%	25.0%	15.9%	22.9%	-24.9%	-16.7%	-2.8%	0.9%
EBIT margin	-26.3%	-44.7%	-37.7%	-42.9%	-30.7%	-41.6%	-58.1%	-56.3%
Non-recurring items [+]					0.2	1.0	-0.3	0.5
Non-recurring expenses in COGS					0.2	0.7	-0.3	0.5
Interest expense	2.8	2.3	0.6	1.1
Interest expense	2.8	2.3	0.6	1.1
Other income (expense), net [+]	-1.4	0.2	0.0	-0.1	-0.7	-0.4	0.1	-0.1
Gain (loss) on debt retirement	-1.8
Change in fair value of warrants	0.4	0.2	0.0	-0.1	-0.1
Other non-operating income	0.1	0.0	0.0	0.0
Other	-0.1	0.0	0.0	0.0	-0.5	-0.4	0.1	-0.1
Pre-tax income	-16.4	-20.9	-15.6	-14.2	-11.4	-15.4	-16.4	-18.0
Income taxes	-0.1	0.1	0.0	0.0	-0.2	0.0	-5.9	-1.7
Tax rate	0.6%				2.1%		35.8%	9.5%
Earnings from continuing ops	-16.9	-21.6	-16.3	-14.8	-11.8	-16.1	-18.4	-17.6
Earnings from discontinued ops						0.2	28.9	3.0
Net income	-16.9	-21.6	-16.3	-14.8	-11.8	-15.9	10.6	-14.6
Net margin	-36.3%	-51.2%	-40.8%	-48.9%	-34.1%	-46.9%	36.3%	-47.2%

Basic EPS [+]	($0.56)	($0.86)	($0.70)	($0.74)	($0.70)	($1.01)	($1.29)	($1.28)
Growth	-35.1%	22.3%	-6.0%	5.8%	-30.2%	-21.9%	0.6%	2.2%
Diluted EPS [+]	($0.56)	($0.86)	($0.70)	($0.74)	($0.70)	($1.01)	($1.29)	($1.28)
Growth	-35.1%	22.3%	-6.0%	5.8%	-30.2%	-21.9%	0.6%	2.2%

Shares outstanding (basic) [+]	30.5	25.2	23.3	19.9	16.7	16.0	14.2	13.7
Growth	20.8%	8.4%	16.8%	19.1%	4.5%	12.5%	3.8%	3.4%
Shares outstanding (diluted) [+]	30.5	25.2	23.3	19.9	16.7	16.0	14.2	13.7
Growth	20.8%	8.4%	16.8%	19.1%	4.5%	12.5%	3.8%	3.4%

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