In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Mar-31-16 | Mar-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Four Customers | | 4.1 | | | | | | |
Customer Four | | 0.7 | | | | | | |
Shypdirect's Mid-mile and Long-haul business | | | 11.0 | | | | | |
DSP Business And Shypdirects Mid Mile | | | 13.9 | | | | | |
Other | | 0.7 | 0.9 | | | | | |
Total revenues | 7.7 | 5.5 | 25.8 | 31.4 | 13.6 | 1.3 | -0.7 | -0.3 |
Revenue growth | 40.9% | -78.7% | -17.6% | 130.2% | 946.6% | | 107.4% | 790.7% |
Cost of goods sold | 5.2 | 5.4 | 23.3 | 28.8 | 12.8 | 1.0 | 0.1 | 0.1 |
Gross profit | 2.5 | 0.1 | 2.5 | 2.6 | 0.8 | 0.3 | -0.8 | -0.5 |
Gross margin | 32.6% | 1.6% | 9.8% | 8.3% | 6.1% | 23.7% | 117.3% | 135.9% |
Selling, general and administrative [+] | 8.3 | 5.3 | 7.7 | 18.5 | 7.9 | 0.4 | 0.4 | 0.4 |
General and administrative [+] | 8.3 | 5.3 | 7.7 | 18.5 | 7.9 | 0.4 | 0.4 | 0.4 |
Wages and related expenses | 3.7 | 1.4 | 2.3 | 13.2 | 4.5 | 0.1 | | |
General and administrative expenses | 1.8 | 1.1 | 0.8 | 2.8 | 1.4 | 0.1 | 0.2 | 0.2 |
Professional fees | 1.3 | 2.2 | 3.9 | 2.1 | 2.0 | 0.2 | 0.2 | 0.2 |
Rent expense | 1.4 | 0.6 | 0.7 | 0.4 | 0.0 | 0.0 | | |
Research and development | | | | | | 0.0 | | |
Other operating expenses [+] | 2.6 | 1.3 | | | | 0.0 | 0.1 | 0.2 |
Exploration expenses | | | | | | | 0.1 | 0.2 |
EBITDA [+] | -7.2 | -5.8 | -5.1 | -14.9 | -6.4 | | -1.3 | -1.0 |
EBITDA growth | 25.0% | 13.4% | -65.9% | 132.5% | 6534.6% | | 26.5% | 244.5% |
EBITDA margin | -92.9% | -104.8% | -19.7% | -47.5% | -47.0% | -7.4% | 181.5% | 297.6% |
Depreciation | 0.2 | 0.2 | 0.1 | 1.0 | 0.1 | | 0.0 | 0.0 |
EBITA | -7.4 | -6.0 | -5.2 | -15.9 | -6.5 | -0.1 | -1.3 | -1.0 |
EBITA margin | -95.5% | -108.7% | -20.1% | -50.6% | -47.7% | -7.4% | 181.7% | 297.9% |
Amortization of intangibles | 0.9 | 0.5 | | | 0.6 | | 0.0 | 0.0 |
EBIT [+] | -8.3 | -6.4 | -5.2 | -15.9 | -7.1 | -0.1 | -1.3 | -1.0 |
EBIT growth | 29.3% | 24.4% | -67.3% | 124.4% | 7222.7% | | 26.4% | 244.4% |
EBIT margin | -107.6% | -117.3% | -20.1% | -50.6% | -51.9% | -7.4% | 183.1% | 300.5% |
Non-recurring items [+] | -0.3 | | 3.0 | 4.4 | | 0.0 | | |
Asset impairment | | | | 3.8 | | 0.0 | | |
Loss on contingent liability | | | 3.0 | 0.6 | | | | |
Interest expense, net [+] | 0.1 | 0.3 | 7.2 | 6.1 | 1.5 | 0.3 | | |
Interest expense | 0.1 | 0.3 | 7.2 | 6.1 | 1.5 | 0.3 | | |
Interest income | 0.0 | | | | | | | |
Other income (expense), net [+] | 0.1 | 13.0 | -27.4 | -17.8 | -6.0 | -0.3 | 0.0 | |
Litigation settlement | | | -0.5 | | | | | |
Gain (loss) on debt retirement | | 1.6 | 7.8 | 39.1 | | 0.0 | | |
Gain (loss) on derivative instruments | | 3.3 | -34.7 | -55.8 | -5.8 | -0.3 | | |
Gain (loss) on acquisitions / transactions | | | | | 0.2 | | | |
Other non-operating income | | | | | | | 0.0 | |
Other | | -0.2 | -0.4 | | | -0.6 | 0.0 | |
Pre-tax income | -8.1 | 6.3 | -42.8 | -44.2 | -14.6 | -0.7 | -1.3 | -1.0 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.7 | -0.1 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% | | 0.7% | 0.0% | 0.0% | 0.0% |
Earnings from continuing ops | -8.5 | 3.6 | -62.0 | -45.2 | -14.6 | -0.7 | -1.3 | -1.0 |
Earnings from discontinued ops | | | | -0.7 | 0.1 | | | |
Net income | -8.5 | 3.6 | -62.0 | -45.8 | -14.5 | -0.7 | -1.3 | -1.0 |
Net margin | -109.7% | 65.6% | -240.1% | -146.2% | -106.3% | -57.2% | 182.4% | 300.5% |
|
Basic EPS [+] | $0.00 | $0.00 | ($0.08) | ($4.72) | ($5.79) | ($1.37) | ($0.05) | ($0.04) |
Growth | -264.2% | -101.9% | -98.3% | -18.5% | 322.0% | | 23.7% | 280.6% |
Diluted EPS [+] | $0.00 | $0.00 | ($0.08) | ($4.72) | ($5.79) | ($1.37) | ($0.05) | ($0.04) |
Growth | -361.5% | -101.2% | -98.3% | -18.5% | 322.0% | | 23.7% | 661.3% |
|
Shares outstanding (basic) [+] | 3,360.0 | 2,341.9 | 751.8 | 9.6 | 2.5 | 0.5 | 26.8 | 26.3 |
Growth | 43.5% | 211.5% | 7763.3% | 280.0% | 363.8% | | 1.8% | -9.5% |
Shares outstanding (diluted) [+] | 3,360.0 | 3,728.2 | 751.8 | 9.6 | 2.5 | 0.5 | 26.8 | 26.3 |
Growth | -9.9% | 395.9% | 7763.3% | 280.0% | 363.8% | | 1.8% | -54.8% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |