Erin Energy Corp. (ERN) [Rocket]

Overview

Erin Energy Corp. (ERN)

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Recent News + Filings (All items)

Date Filed	Type	Description
07/13/2018	8-K	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
07/09/2018	NT 10-Q	Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB:
05/11/2018	8-K	Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
05/09/2018	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:
05/08/2018	NT 10-Q	Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB:
04/30/2018	10-K/A	Annual Report for the period ended December 31, 2017 [amend]
04/30/2018	8-K	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...

Revenue Mix by Segment

Financial Summary (All financials)

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	Dec-31-10
Revenues	101.2	77.8	68.4	53.8	63.7	100.4	43.9	20.7
Revenue growth	30.0%	13.7%	27.1%	-15.5%	-36.5%	128.6%	112.7%	30722.4%
Cost of goods sold	80.2	102.5	91.1	80.3	84.4	0.0	0.0	46.0
Gross profit	21.0	-24.7	-22.6	-26.5	-20.7	100.4	43.9	-25.4
Gross margin	20.7%	-31.7%	-33.1%	-49.1%	-32.5%	100.0%	100.0%	-122.9%
Selling, general and administrative	11.1	13.8	15.9	14.3	14.5	0.0	0.0
General and administrative						0.0	0.0	13.5
EBIT	-51.7	-136.3	-155.2	-93.3	-43.5	0.0	0.0	-44.1
EBIT margin	-51.1%	-175.2%	-226.8%	-173.3%	-68.3%	0.0%	0.0%	-213.8%
Pre-tax income	-152.9	-143.2	-431.9	-96.3	-43.5	0.0	0.0	-230.4
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.4
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings from continuing ops	-151.9	-142.4	-430.9	-96.1	-43.5	-29.5	-24.9	-230.5
Earnings from discontinued ops					0.0
Net income	-151.9	-142.4	-430.9	-96.1	-43.5	-29.5	-24.9	-230.5
Net margin	-150.1%	-183.0%	-629.8%	-178.4%	-68.3%	-29.4%	-56.7%	-1116.0%

Diluted EPS	($0.71)	($0.67)	($2.04)	($0.49)	($0.30)			($1.95)
Shares outstanding (diluted)	213.7	212.3	211.6	194.7	146.5			117.9

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