2018 Investor Presentation

Income Statement

  Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Reclassified) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update)
Net Sales 0.71 5.54 24.49 32.86
Revenue 0.71 5.54 24.49 32.86
Total Revenue 0.71 5.54 24.49 32.86
Cost of Revenue 12.17 15.00 36.73 41.57
Cost of Revenue, Total 12.17 15.00 36.73 41.57
Gross Profit -11.45 -9.47 -12.25 -8.71
Selling/General/Administrative Expense 17.45 9.64 8.53 7.41
Labor & Related Expense 7.80 1.50 1.06 0.52
Selling/General/Administrative Expenses, Total 25.25 11.14 9.59 7.92
Research & Development 6.36 3.35 4.02 5.37
Depreciation 0.98 0.43 -- --
Amortization of Intangibles, Operating 0.33 -- -- --
Depreciation/Amortization 1.30 0.43 -- --
Restructuring Charge 0.00 0.25 -- --
Litigation -- -- 0.50 0.20
Loss (Gain) on Sale of Assets - Operating 5.14 0.63 -- --
Other Unusual Expense (Income) -0.64 2.65 0.00 2.20
Unusual Expense (Income) 4.50 3.53 0.50 2.40
Other Operating Expense -- -- -- --
Other, Net 10.58 1.70 -- --
Other Operating Expenses, Total 10.58 1.70 -- --
Total Operating Expense 60.16 35.15 50.84 57.27
Operating Income -59.45 -29.61 -26.35 -24.40
Interest Expense - Non-Operating -1.16 -2.09 -2.73 -3.24
Interest Capitalized - Non-Operating 0.91 -- -- --
Interest Expense, Net Non-Operating -0.25 -2.09 -2.73 -3.24
Investment Income, Non-Operating 0.00 -8.61 0.41 -0.34
Interest/Investment Income, Non-Operating 0.00 -8.61 0.41 -0.34
Interest Income (Expense), Net-Non-Operating, Total -0.25 -10.70 -2.32 -3.58
Other Non-Operating Income (Expense) 0.50 0.12 0.02 0.00
Other, Net 0.50 0.12 0.02 0.00
Net Income Before Taxes -59.20 -40.19 -28.66 -27.98
Income Tax – Total -- -- -- --
Income After Tax -59.20 -40.19 -28.66 -27.98
Net Income Before Extraordinary Items -59.20 -40.19 -28.66 -27.98
Net Income -59.20 -40.19 -28.66 -27.98
Preferred Dividends -- -- -- --
Total Adjustments to Net Income -- -- -- --
Income Available to Common Excluding Extraordinary Items -59.20 -40.19 -28.66 -27.98
Income Available to Common Stocks Including Extraordinary Items -59.20 -40.19 -28.66 -27.98
Basic Weighted Average Shares 195.79 56.88 12.18 4.88
Basic EPS Excluding Extraordinary Items -0.30 -0.71 -2.35 -5.74
Basic EPS Including Extraordinary Items -0.30 -0.71 -2.35 -5.74
Dilution Adjustment -- -- -- --
Diluted Net Income -59.20 -40.19 -28.66 -27.98
Diluted Weighted Average Shares 195.79 56.88 12.18 4.88
Diluted EPS Excluding Extraordinary Items -0.30 -0.71 -2.35 -5.74
Diluted EPS Including Extraordinary Items -0.30 -0.71 -2.35 -5.74
DPS - Common Stock Primary Issue -- -- -- --
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00
Total Special Items 4.50 3.53 0.50 2.40
Normalized Income Before Taxes -54.71 -36.66 -28.16 -25.57
Effect of Special Items on Income Taxes 0.00 0.00 0.00 0.00
Income Taxes Excluding Impact of Special Items 0.00 0.00 0.00 0.00
Normalized Income After Taxes -54.71 -36.66 -28.16 -25.57
Normalized Income Available to Common -54.71 -36.66 -28.16 -25.57
Basic Normalized EPS -0.28 -0.64 -2.31 -5.24
Diluted Normalized EPS -0.28 -0.64 -2.31 -5.24
Amortization of Intangibles, Supplemental 0.35 0.02 -- --
Depreciation, Supplemental 4.78 5.88 6.66 6.52
Interest Expense, Supplemental 0.25 2.09 2.73 3.24
Interest Capitalized, Supplemental -0.91 -- -- --
Rental Expense, Supplemental 0.24 0.61 1.74 1.70
Stock-Based Compensation, Supplemental 9.80 2.10 1.35 0.68
Equity in Affiliates, Supplemental -- -- -- 0.00
Research & Development Expense, Supplemental 6.36 3.35 4.02 5.37
Audit-Related Fees, Supplemental -- 0.61 0.57 0.63
Audit-Related Fees -- 0.00 0.00 0.00
Tax Fees, Supplemental -- 0.00 0.00 0.00
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.00 0.00
Gross Margin -1,610.97 -171.01 -50.01 -26.49
Operating Margin -8,361.32 -534.84 -107.61 -74.26
Pretax Margin -8,326.72 -725.90 -117.04 -85.13
Net Profit Margin -8,326.72 -725.90 -117.04 -85.13
Normalized EBIT -54.95 -26.08 -25.85 -22.00
Normalized EBITDA -49.83 -20.18 -19.20 -15.48
Defined Contribution Expense - Domestic -- -- -- --
Total Pension Expense -- -- -- --

In millions of USD (except for per share items)

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