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 |
Revenues | 299.7 | 285.7 | 229.2 | 84.0 | 31.1 |
Revenue growth | 4.9% | 24.7% | 172.8% | 169.9% | |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 25.9 |
Gross profit | 299.7 | 285.7 | 229.2 | 84.0 | 5.3 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 16.9% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 0.7 |
EBIT | 22.3 | 10.0 | 31.7 | 20.5 | 4.6 |
EBIT margin | 7.4% | 3.5% | 13.8% | 24.4% | 14.8% |
Pre-tax income | 23.3 | 11.6 | 40.7 | 16.5 | 7.2 |
Income taxes | 13.0 | 4.5 | -23.2 | 0.5 | 0.2 |
Tax rate | 55.8% | 38.7% | | 2.9% | 2.5% |
Net income | 3.8 | 6.4 | 50.8 | 2.9 | 1.6 |
Net margin | 1.3% | 2.3% | 22.2% | 3.4% | 5.0% |
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Diluted EPS | $0.05 | $0.08 | $0.68 | $0.06 | $0.04 |
Shares outstanding (diluted) | 78.2 | 77.6 | 75.2 | 47.7 | 37.2 |
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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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