2018 Investor Presentation

Balance Sheet

  Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update)
Cash & Equivalents 40.83 78.34 16.30 33.73
Short Term Investments 275.34 0.00 0.00 0.00
Cash and Short Term Investments 316.17 78.34 16.30 33.73
Accounts Receivable - Trade, Net 0.98 0.53 1.14 0.53
Total Receivables, Net 0.98 0.53 1.14 0.53
Inventories - Finished Goods 0.65 0.76 0.85 1.18
Inventories - Work In Progress 0.08 0.01 0.38 0.30
Inventories - Raw Materials 0.75 0.13 0.45 0.23
Inventories - Other 1.26 1.36 1.52 1.45
Total Inventory 2.75 2.26 3.20 3.17
Prepaid Expenses 6.86 2.15 3.59 1.28
Restricted Cash - Current 25.03 0.00 0.00 0.00
Other Current Assets 0.00 0.00 0.00 0.00
Other Current Assets, Total 25.03 0.00 0.00 0.00
Total Current Assets 351.79 83.27 24.23 38.71
Buildings - Gross 12.50 12.22 12.12 12.14
Machinery/Equipment - Gross 23.88 22.95 23.04 21.73
Construction in Progress - Gross 88.99 13.13 7.71 3.48
Other Property/Plant/Equipment - Gross 107.34 77.52 77.81 77.42
Property/Plant/Equipment, Total - Gross 232.71 125.83 120.69 114.76
Accumulated Depreciation, Total -63.86 -59.12 -53.39 -47.73
Property/Plant/Equipment, Total - Net 168.85 66.71 67.30 67.04
Intangibles - Gross 9.47 0.00 0.00 0.00
Accumulated Intangible Amortization -0.53 0.00 0.00 0.00
Intangibles, Net 8.94 0.00 0.00 0.00
LT Investment - Affiliate Companies 0.00 1.50 1.50 0.00
LT Investments - Other 64.40 0.00 0.00 0.00
Long Term Investments 64.40 1.50 1.50 0.00
Deferred Charges 0.00 0.00 0.00 0.00
Restricted Cash - Long Term 70.17 0.00 0.00 0.00
Other Long Term Assets 2.33 0.62 0.34 1.29
Other Long Term Assets, Total 72.50 0.62 0.34 1.29
Total Assets 666.48 152.10 93.36 107.04
Accounts Payable 4.87 0.90 1.47 1.94
Accrued Expenses 24.19 3.23 4.20 2.83
Notes Payable/Short Term Debt 0.00 0.00 0.00 0.00
Current Portion of Long Term Debt/Capital Leases 3.57 0.81 14.42 0.00
Customer Advances 0.00 0.00 0.00 0.00
Income Taxes Payable 0.00 0.00 0.00 0.10
Other Current Liabilities 0.00 0.00 0.00 0.42
Other Current liabilities, Total 0.00 0.00 0.00 0.52
Total Current Liabilities 32.63 4.93 20.09 5.29
Long Term Debt 66.80 0.46 0.23 12.55
Capital Lease Obligations 17.80 0.00 0.00 0.00
Total Long Term Debt 84.60 0.46 0.23 12.55
Total Debt 88.17 1.27 14.65 12.55
Other Long Term Liabilities 1.99 0.33 0.53 0.40
Other Liabilities, Total 1.99 0.33 0.53 0.40
Total Liabilities 119.22 5.72 20.86 18.25
Redeemable Convertible Preferred Stock 0.00 0.00 0.00 0.00
Redeemable Preferred Stock, Total 0.00 0.00 0.00 0.00
Common Stock 2.02 1.28 0.14 0.09
Common Stock, Total 2.02 1.28 0.14 0.09
Additional Paid-In Capital 1,103.22 643.27 530.35 518.03
Retained Earnings (Accumulated Deficit) -557.38 -498.17 -457.99 -429.33
Other Comprehensive Income -0.61 0.00 0.00 0.00
Other Equity, Total -0.61 0.00 0.00 0.00
Total Equity 547.26 146.38 72.50 88.79
Total Liabilities & Shareholders' Equity 666.48 152.10 93.36 107.04
Shares Outstanding – Common Stock Primary Issue 201.99 128.14 14.08 8.64
Total Common Shares Outstanding 201.99 128.14 14.08 8.64
Treasury Shares – Common Primary Issue 0.00 0.00 0.00 0.00
Employees 99.00 31.00 57.00 52.00
Number of Common Shareholders 35.00 34.00 32.00 21.00
Accumulated Intangible Amortization 0.53 0.00 0.00 0.00
Deferred Revenue - Current 0.00 0.00 0.00 0.00
Total Current Assets less Inventory 349.04 81.01 21.03 35.54
Quick Ratio 10.70 16.43 1.05 6.72
Current Ratio 10.78 16.88 1.21 7.32
Net Debt -228.00 -77.07 -1.65 -21.18
Tangible Book Value 538.32 146.38 72.50 88.79
Tangible Book Value per Share 2.67 1.14 5.15 10.28
Total Long Term Debt, Supplemental 66.96 1.27 0.75 14.11
Long Term Debt Maturing within 1 Year 0.08 0.81 0.52 0.00
Long Term Debt Maturing in Year 2 0.08 0.36 0.08 7.06
Long Term Debt Maturing in Year 3 0.16 0.07 0.06 7.06
Long Term Debt Maturing in Year 4 66.62 0.04 0.06 0.00
Long Term Debt Maturing in Year 5 0.03 0.00 0.03 0.00
Long Term Debt Maturing in 2-3 Years 0.24 0.42 0.14 14.11
Long Term Debt Maturing in 4-5 Years 66.65 0.04 0.09 0.00
Long Term Debt Maturing in Year 6 & Beyond 0.00 0.00 0.00 0.00
Interest Costs -9.95 -0.26 0.00 0.00
Total Capital Leases 21.21 0.18 0.00 0.00
Capital Lease Payments Due in Year 1 4.40 0.04 0.00 0.00
Capital Lease Payments Due in Year 2 1.71 0.03 0.00 0.00
Capital Lease Payments Due in Year 3 1.73 0.03 0.00 0.00
Capital Lease Payments Due in Year 4 1.74 0.03 0.00 0.00
Capital Lease Payments Due in Year 5 1.76 0.02 0.00 0.00
Capital Lease Payments Due in 2-3 Years 3.44 0.05 0.00 0.00
Capital Lease Payments Due in 4-5 Years 3.50 0.05 0.00 0.00
Capital Lease Payments Due in Year 6 & Beyond 19.81 0.30 0.00 0.00
Total Operating Leases 2.67 0.18 0.94 2.29
Operating Lease Payments Due in Year 1 0.88 0.18 0.68 1.41
Operating Lease Payments Due in Year 2 0.53 0.00 0.34 0.66
Operating Lease Payments Due in Year 3 0.31 0.00 0.00 0.22
Operating Lease Payments Due in Year 4 0.32 0.00 0.00 0.00
Operating Lease Payments Due in Year 5 0.32 0.00 0.00 0.00
Operating Lease Payments Due in 2-3 Years 0.83 0.00 0.34 0.87
Operating Lease Payments Due in 4-5 Years 0.64 0.00 0.00 0.00
Standardized Operating Lease Payments Due in Year 6 and Beyond 0.32 -0.01 -0.08 0.00

In millions of USD (except for per share items)

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