Financial Summary (All financials)
In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Aug-31-12 | Dec-31-11 | Aug-31-11 | Aug-31-10 |
Revenues | 94.2 | 69.5 | 16.9 | 0.0 | | 0.0 | 14.8 | 0.0 |
Revenue growth | 35.6% | 311.9% | | | | | | -100.0% |
Cost of goods sold | 12.6 | 9.4 | 1.7 | 0.0 | | 0.0 | 14.8 | -19.3 |
Gross profit | 81.6 | 60.1 | 15.2 | 0.0 | | 0.0 | 0.0 | 19.3 |
Gross margin | 86.6% | 86.5% | 90.2% | | | | 0.0% | |
Selling, general and administrative | | | | 9.0 | | 14.7 | 6.2 | |
Research and development | 58.6 | 43.5 | 29.2 | 9.0 | | 21.4 | | 9.3 |
General and administrative | 71.4 | 56.7 | 37.9 | | | | | 3.7 |
EBITA | -47.7 | -38.7 | -41.0 | -17.9 | | -36.2 | -20.8 | -12.9 |
EBITA margin | -50.6% | -55.6% | -242.8% | | | | -140.7% | |
Amortization of intangibles | 0.3 | 0.2 | 0.2 | 0.0 | | | 0.2 | 0.2 |
EBIT | -48.0 | -38.9 | -41.2 | -17.9 | | -36.2 | -21.0 | -13.1 |
EBIT margin | -50.9% | -56.0% | -243.9% | | | | -141.8% | |
Pre-tax income | -64.8 | -52.5 | -69.4 | -19.3 | | -38.6 | -37.2 | -18.9 |
Income taxes | 0.4 | 0.1 | 0.0 | 0.0 | | 0.0 | 0.0 | 0.0 |
Tax rate | | | 0.0% | 0.0% | | 0.0% | 0.0% | 0.0% |
Net income | -65.2 | -52.5 | -69.4 | -19.3 | | -38.6 | -37.2 | -18.9 |
Net margin | -69.2% | -75.6% | -411.4% | | | | -251.5% | |
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Diluted EPS | ($0.83) | ($0.83) | ($1.20) | ($0.37) | | ($0.80) | ($1.15) | ($0.85) |
Shares outstanding (diluted) | 78.9 | 63.2 | 57.9 | 51.7 | | 48.1 | 32.3 | 22.2 |
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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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