Financial Fundamentals

Financial Fundamentals

Annual Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Restated) Year Ending Dec 2016 (Update)
Net Sales 62.90 54.69 34.24 21.08 9.20
Revenue 62.90 54.69 34.24 21.08 9.20
Total Revenue 62.90 54.69 34.24 21.08 9.20
Cost of Revenue 10.87 10.90 9.30 15.23 8.40
Cost of Revenue, Total 10.87 10.90 9.30 15.23 8.40
Gross Profit 52.03 43.80 24.94 5.85 0.80
Selling/General/Administrative Expense 9.06 9.58 10.71 11.38 8.94
Labor & Related Expense 2.09 0.32 0.20 0.16 0.42
Selling/General/Administrative Expenses, Total 11.15 9.90 10.92 11.53 9.36
Research & Development 38.24 44.69 35.53 32.17 30.41
Other Unusual Expense (Income) -- 0.00 -- 1.33 -14.06
Unusual Expense (Income) -- 0.00 -- 1.33 -14.06
Other, Net -0.08 -0.08 -2.20 -3.34 -5.80
Other Operating Expenses, Total -0.08 -0.08 -2.20 -3.34 -5.80
Total Operating Expense 60.19 65.41 53.55 56.92 28.30
Operating Income 2.71 -10.72 -19.31 -35.84 -19.10
Interest Expense - Non-Operating -7.81 -7.34 -7.10 -7.37 --
Interest Expense, Net Non-Operating -7.81 -7.34 -7.10 -7.37 --
Investment Income, Non-Operating 0.44 -0.22 -0.05 -40.23 -10.08
Interest/Investment Income, Non-Operating 0.44 -0.22 -0.05 -40.23 -10.08
Interest Income (Expense), Net Non-Operating -- -- -- -- --
Interest Income (Expense), Net-Non-Operating, Total -7.38 -7.56 -7.15 -47.60 -10.08
Other Non-Operating Income (Expense) -1.86 -- -- -- --
Other, Net -1.86 -- -- -- --
Net Income Before Taxes -6.52 -18.28 -26.46 -83.44 -29.18
Income Tax – Total -- -- -- -- --
Income After Tax -6.52 -18.28 -26.46 -83.44 -29.18
Net Income Before Extraordinary Items -6.52 -18.28 -26.46 -83.44 -29.18
Discontinued Operations -- -- -- -- -0.19
Total Extraordinary Items -- -- -- -- -0.19
Net Income -6.52 -18.28 -26.46 -83.44 -29.37
Income Available to Common Excluding Extraordinary Items -6.52 -18.28 -26.46 -83.44 -29.18
Income Available to Common Stocks Including Extraordinary Items -6.52 -18.28 -26.46 -83.44 -29.37
Basic Weighted Average Shares 29.15 14.84 14.71 13.11 10.14
Basic EPS Excluding Extraordinary Items -0.22 -1.23 -1.80 -6.37 -2.88
Basic EPS Including Extraordinary Items -0.22 -1.23 -1.80 -6.37 -2.90
Dilution Adjustment -- -- -- -- --
Diluted Net Income -6.52 -18.28 -26.46 -83.44 -29.37
Diluted Weighted Average Shares 29.15 14.84 14.71 13.11 10.14
Diluted EPS Excluding Extraordinary Items -0.22 -1.23 -1.80 -6.37 -2.88
Diluted EPS Including Extraordinary Items -0.22 -1.23 -1.80 -6.37 -2.90
DPS - Common Stock Primary Issue -- -- -- -- --
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00 0.00
Other Unusual Expense (Income), Supplemental -- -- -- -- --
Non-Recurring Items, Total -- -- -- -- --
Total Special Items -- 0.00 -- 1.33 -14.06
Normalized Income Before Taxes -6.52 -18.28 -26.46 -82.12 -43.24
Effect of Special Items on Income Taxes -- 0.00 -- 0.00 0.00
Income Taxes Excluding Impact of Special Items -- 0.00 -- 0.00 0.00
Normalized Income After Taxes -6.52 -18.28 -26.46 -82.12 -43.24
Normalized Income Available to Common -6.52 -18.28 -26.46 -82.12 -43.24
Basic Normalized EPS -0.22 -1.23 -1.80 -6.26 -4.26
Diluted Normalized EPS -0.22 -1.23 -1.80 -6.26 -4.26
Depreciation, Supplemental 1.30 1.90 1.70 1.92 1.98
Interest Expense, Supplemental 7.81 7.34 7.10 7.37 4.19
Rental Expense, Supplemental 1.38 1.22 0.78 0.78 1.00
Stock-Based Compensation, Supplemental 3.13 0.84 0.51 0.34 0.99
Research & Development Expense, Supplemental 38.24 44.69 35.53 32.17 30.41
Audit-Related Fees, Supplemental -- -- 0.21 0.23 0.23
Audit-Related Fees -- -- -- 0.03 0.04
Tax Fees, Supplemental -- -- 0.04 0.03 0.04
All Other Fees Paid to Auditor, Supplemental -- -- 0.00 0.00 0.00
Gross Margin 82.71 80.08 72.83 27.74 8.71
Operating Margin 4.31 -19.59 -56.39 -170.04 -207.63
Pretax Margin -10.37 -33.42 -77.27 -395.86 -317.16
Net Profit Margin -10.37 -33.42 -77.27 -395.86 -317.16
Normalized EBIT 2.71 -10.72 -19.31 -34.52 -33.16
Normalized EBITDA 4.01 -8.82 -17.61 -32.60 -31.18
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