Income Statement

  Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update)
Net Sales 84.45 36.57 19.39 39.54
Revenue 84.45 36.57 19.39 39.54
Total Revenue 84.45 36.57 19.39 39.54
Selling/General/Administrative Expense 38.21 23.14 17.74 13.91
Labor & Related Expense 6.43 4.06 8.59 5.29
Selling/General/Administrative Expenses, Total 44.64 27.20 26.33 19.20
Research & Development 114.87 65.73 65.62 67.20
Other Unusual Expense (Income) 2.10 -- -- --
Unusual Expense (Income) 2.10 -- -- --
Other Operating Expense -- -- -- --
Other Operating Expenses, Total -- -- -- --
Total Operating Expense 161.60 92.93 91.95 86.40
Operating Income -77.15 -56.36 -72.56 -46.86
Interest Income (Expense), Net Non-Operating 8.26 1.79 0.89 0.43
Interest Income (Expense), Net-Non-Operating, Total 8.26 1.79 0.89 0.43
Other Non-Operating Income (Expense) -- -- -- --
Other, Net -- -- -- --
Net Income Before Taxes -68.89 -54.57 -71.67 -46.43
Income Tax – Total 0.00 0.00 -0.01 -5.72
Income After Tax -68.89 -54.57 -71.66 -40.70
Minority Interest 0.56 -- -- --
Net Income Before Extraordinary Items -68.33 -54.57 -71.66 -40.70
Net Income -68.33 -54.57 -71.66 -40.70
Income Available to Common Excluding Extraordinary Items -68.33 -54.57 -71.66 -40.70
Income Available to Common Stocks Including Extraordinary Items -68.33 -54.57 -71.66 -40.70
Basic Weighted Average Shares 96.94 78.08 70.55 69.76
Basic EPS Excluding Extraordinary Items -0.70 -0.70 -1.02 -0.58
Basic EPS Including Extraordinary Items -0.70 -0.70 -1.02 -0.58
Dilution Adjustment -- -- -- --
Diluted Net Income -68.33 -54.57 -71.66 -40.70
Diluted Weighted Average Shares 96.94 78.08 70.55 69.76
Diluted EPS Excluding Extraordinary Items -0.70 -0.70 -1.02 -0.58
Diluted EPS Including Extraordinary Items -0.70 -0.70 -1.02 -0.58
DPS - Common Stock Primary Issue -- -- -- --
Gross Dividends - Common Stock 0.00 0.00 -- --
Total Special Items 2.10 -- -- --
Normalized Income Before Taxes -66.79 -54.57 -71.67 -46.43
Effect of Special Items on Income Taxes 0.00 -- -- --
Income Taxes Excluding Impact of Special Items 0.00 0.00 -0.01 -5.72
Normalized Income After Taxes -66.79 -54.57 -71.66 -40.70
Normalized Income Available to Common -66.23 -54.57 -71.66 -40.70
Basic Normalized EPS -0.68 -0.70 -1.02 -0.58
Diluted Normalized EPS -0.68 -0.70 -1.02 -0.58
Depreciation, Supplemental 2.40 1.50 1.00 0.99
Rental Expense, Supplemental 2.30 1.10 1.00 --
Stock-Based Compensation, Supplemental 14.68 9.09 15.06 11.73
Minority Interest, Supplemental 0.56 -- -- --
Research & Development Expense, Supplemental 114.87 65.73 65.62 67.20
Audit-Related Fees, Supplemental 2.21 1.42 1.19 0.85
Audit-Related Fees 0.00 0.00 0.00 0.00
Tax Fees, Supplemental 0.05 0.04 0.04 0.05
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00 0.00
Operating Margin -91.35 -154.13 -374.23 -118.51
Pretax Margin -81.57 -149.23 -369.65 -117.42
Net Profit Margin -80.91 -149.23 -369.58 -102.94
Normalized EBIT -75.05 -56.36 -72.56 -46.86
Normalized EBITDA -72.65 -54.86 -71.56 -45.87
Defined Contribution Expense - Domestic 1.60 0.50 -- 0.30
Total Pension Expense 1.60 0.50 -- 0.30

In millions of USD (except for per share items)

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