Overview Financials News + Filings IR Vault Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Mobile Connectivity | 129.2 | 121.9 | 119.5 | 122.0 | 115.9 | 132.2 | 141.5 | 147.8 |
| Intertial Navigation | | | 36.8 | 30.3 | 37.1 | 27.9 | 34.6 | 36.8 |
| Other | -129.2 | 12.1 | 2.5 | 5.6 | | | | |
| Total revenues [+] | 0.0 | 133.9 | 158.7 | 157.9 | 153.0 | 160.1 | 176.1 | 184.6 |
| Products | 138.9 | 133.9 | 158.7 | 157.9 | | | | 76.2 |
| Services | | | | | | | | 108.4 |
| Revenue growth [+] | -100.0% | -15.6% | 0.5% | 3.2% | -4.4% | -9.1% | -4.6% | 7.0% |
| Mobile Connectivity | 6.0% | 2.0% | -2.1% | 5.3% | -12.3% | -6.6% | -4.3% | 13.9% |
| Intertial Navigation | | | 21.3% | -18.3% | 33.2% | -19.5% | -6.0% | -13.9% |
| Cost of goods sold [+] | 0.0 | 88.1 | 101.1 | 104.1 | 95.0 | 90.2 | 99.3 | 102.2 |
| Cost of product sales | | | | | | | | 47.4 |
| Cost of services | | | | | | | | 54.8 |
| Gross profit | 0.0 | 45.8 | 57.6 | 53.8 | 58.1 | 69.9 | 76.8 | 82.4 |
| Gross margin | | 34.2% | 36.3% | 34.0% | 38.0% | 43.7% | 43.6% | 44.6% |
| Selling, general and administrative [+] | | 54.3 | 54.3 | 58.9 | 53.8 | 62.8 | 62.1 | 65.2 |
| Sales and marketing | | 25.6 | 29.8 | 33.4 | 30.6 | 33.9 | 33.9 | 35.7 |
| General and administrative | 0.0 | 28.8 | 24.4 | 25.5 | 23.2 | 28.9 | 28.2 | 29.5 |
| Research and development | | 11.1 | 15.8 | 15.9 | 15.0 | 15.9 | 16.0 | 14.0 |
| EBITDA [+] | | -5.0 | -0.8 | -9.6 | 2.2 | 2.3 | 11.2 | 15.9 |
| EBITDA growth | -100.0% | 537.0% | -91.8% | -534.6% | -2.7% | -79.8% | -29.4% | 33.7% |
| EBITDA margin | | -3.7% | -0.5% | -6.1% | 1.4% | 1.4% | 6.4% | 8.6% |
| Depreciation | -0.5 | 14.6 | 11.7 | 11.5 | 11.8 | 6.7 | 7.6 | 7.2 |
| EBITA | 0.5 | -19.6 | -12.4 | -21.1 | -9.6 | -4.5 | 3.6 | 8.7 |
| EBITA margin | | -14.6% | -7.8% | -13.4% | -6.3% | -2.8% | 2.1% | 4.7% |
| Amortization of intangibles | 0.5 | | | | 1.0 | 4.3 | 5.0 | 5.5 |
| EBIT [+] | 0.0 | -19.6 | -12.4 | -21.1 | -10.6 | -8.8 | -1.3 | 3.2 |
| EBIT growth | -100.0% | 57.4% | -41.0% | 98.2% | 21.5% | 562.9% | -141.2% | 66.9% |
| EBIT margin | | -14.6% | -7.8% | -13.4% | -7.0% | -5.5% | -0.8% | 1.7% |
| Non-recurring items | | | 10.5 | | | | | |
| Interest expense, net [+] | | -0.8 | -1.0 | -1.0 | 1.2 | 0.8 | 0.9 | 0.9 |
| Interest expense | | 0.1 | 0.0 | 1.0 | 1.8 | 1.5 | 1.4 | 1.5 |
| Interest income | | 0.9 | 1.0 | 2.0 | 0.6 | 0.7 | 0.5 | 0.5 |
| Other income (expense), net | | 7.1 | 0.2 | 0.1 | 0.7 | -0.4 | 0.3 | 0.4 |
| Pre-tax income | 0.0 | -11.7 | -21.8 | -20.0 | -11.1 | -9.9 | -2.0 | 2.7 |
| Income taxes | 0.0 | -0.1 | 0.2 | -4.0 | 0.3 | 1.1 | 5.5 | 0.4 |
| Tax rate | | 0.9% | | 20.0% | | | | 15.5% |
| Net income | 0.0 | -9.8 | -21.9 | 33.3 | -8.2 | -11.0 | -7.5 | 2.3 |
| Net margin | | -7.3% | -13.8% | 21.1% | -5.4% | -6.9% | -4.3% | 1.2% |
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| Basic EPS [+] | $0.00 | ($0.63) | ($1.24) | ($0.92) | ($0.67) | ($0.67) | ($0.47) | $0.14 |
| Growth | -100.0% | -49.0% | 35.4% | 36.8% | -0.3% | 41.6% | -429.2% | 5323.0% |
| Diluted EPS [+] | $0.00 | ($0.63) | ($1.24) | ($0.92) | ($0.67) | ($0.67) | ($0.47) | $0.14 |
| Growth | -100.0% | -49.0% | 35.4% | 36.8% | -0.3% | 41.6% | -433.6% | 5315.6% |
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| Shares outstanding (basic) [+] | 18.6 | 18.2 | 17.7 | 17.5 | 17.1 | 16.4 | 15.8 | 15.6 |
| Growth | 2.3% | 3.1% | 1.2% | 2.3% | 4.0% | 3.7% | 1.3% | 1.3% |
| Shares outstanding (diluted) [+] | 18.6 | 18.2 | 17.7 | 17.5 | 17.1 | 16.4 | 15.8 | 15.8 |
| Growth | 2.3% | 3.1% | 1.2% | 2.3% | 4.0% | 3.7% | 0.0% | 1.5% |
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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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