Income Statement

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  Year Ending Dec 2023 (Update) Year Ending Dec 2022 (Restated) Year Ending Dec 2021 (Restated) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update)
Net Sales 164.20 173.76 189.34 291.67 308.75
Revenue 164.20 173.76 189.34 291.67 308.75
Total Revenue 164.20 173.76 189.34 291.67 308.75
Cost of Revenue 42.22 46.50 60.16 121.82 150.41
Cost of Revenue, Total 42.22 46.50 60.16 121.82 150.41
Gross Profit 121.98 127.26 129.18 169.85 158.34
Selling/General/Administrative Expense 62.23 58.41 69.69 84.94 97.68
Labor & Related Expense 2.99 2.74 4.53 4.35 15.09
Selling/General/Administrative Expenses, Total 65.22 61.15 74.22 89.29 112.77
Research & Development 46.57 49.60 59.81 77.04 75.57
Depreciation 2.23 2.90 5.73 42.79 77.04
Amortization of Intangibles, Operating 14.60 11.90 11.50 -- --
Depreciation/Amortization 16.83 14.80 17.23 42.79 77.04
Restructuring Charge 4.01 1.44 3.68 7.96 0.76
Impairment-Assets Held for Use -- -- -- 0.90 --
Other Unusual Expense (Income) 0.00 -2.55 0.00 0.00 -0.82
Unusual Expense (Income) 4.01 -1.11 3.68 8.86 -0.07
Other, Net -- -0.04 -- -- --
Other Operating Expenses, Total -- -0.04 -- -- --
Total Operating Expense 174.84 170.90 215.11 339.79 415.72
Operating Income -10.65 2.86 -25.76 -48.12 -106.97
Interest Expense - Non-Operating -13.96 -13.64 -6.41 -0.48 -1.36
Interest Expense, Net Non-Operating -13.96 -13.64 -6.41 -0.48 -1.36
Interest Income, Non-Operating 0.43 0.45 0.04 1.60 1.26
Investment Income, Non-Operating -5.13 2.84 -5.84 4.23 -1.62
Interest/Investment Income, Non-Operating -4.71 3.29 -5.80 5.83 -0.36
Interest Income (Expense), Net-Non-Operating, Total -18.67 -10.35 -12.21 5.36 -1.72
Gain (Loss) on Sale of Assets 0.00 0.00 0.55 3.48 --
Other Non-Operating Income (Expense) 0.00 0.72 0.37 1.82 7.39
Other, Net 0.00 0.72 0.37 1.82 7.39
Net Income Before Taxes -29.31 -6.78 -37.05 -37.47 -101.29
Income Tax – Total 4.74 -0.06 -8.79 -27.11 2.17
Income After Tax -34.05 -6.72 -28.27 -10.36 -103.47
Minority Interest 0.04 -0.20 0.16 -0.34 -1.13
Net Income Before Extraordinary Items -34.02 -6.92 -28.11 -10.70 -104.59
Discontinued Operations -18.58 0.92 6.78 0.00 0.00
Extraordinary Item -- -- -- -- --
Tax on Extraordinary Items -1.94 -1.92 -1.61 -- --
Total Extraordinary Items -20.52 -1.00 5.17 0.00 0.00
Net Income -54.54 -7.92 -22.94 -10.70 -104.59
Preferred Dividends -10.01 -9.55 -35.51 -37.98 -32.13
Total Adjustments to Net Income -10.01 -9.55 -35.51 -37.98 -32.13
Income Available to Common Excluding Extraordinary Items -44.03 -16.47 -63.62 -48.68 -136.73
Income Available to Common Stocks Including Extraordinary Items -64.54 -17.47 -58.45 -48.68 -136.73
Basic Weighted Average Shares 9.75 9.63 7.24 4.66 4.52
Basic EPS Excluding Extraordinary Items -4.52 -1.71 -8.79 -10.44 -30.24
Basic EPS Including Extraordinary Items -6.62 -1.81 -8.08 -10.44 -30.24
Diluted Net Income -64.54 -17.47 -58.45 -48.68 -136.73
Diluted Weighted Average Shares 9.75 9.63 7.24 4.66 4.52
Diluted EPS Excluding Extraordinary Items -4.52 -1.71 -8.79 -10.44 -30.24
Diluted EPS Including Extraordinary Items -6.62 -1.81 -8.08 -10.44 -30.24
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00 0.00
Impairment-Assets Held for Use, Supplemental 1.92 -0.27 0.73 -- --
Non-Recurring Items, Total 1.92 -0.27 0.73 -- --
Total Special Items 5.93 -1.38 3.87 5.38 -0.07
Normalized Income Before Taxes -23.38 -8.16 -33.19 -32.09 -101.36
Effect of Special Items on Income Taxes 2.08 -0.48 1.35 1.88 -0.02
Income Taxes Excluding Impact of Special Items 6.82 -0.54 -7.43 -25.23 2.15
Normalized Income After Taxes -30.20 -7.62 -25.75 -6.86 -103.51
Normalized Income Available to Common -40.17 -17.37 -61.11 -45.19 -136.77
Basic Normalized EPS -4.12 -1.80 -8.45 -9.69 -30.25
Diluted Normalized EPS -4.12 -1.80 -8.45 -9.69 -30.25
Amortization of Intangibles, Supplemental 14.60 11.90 11.50 27.00 33.50
Depreciation, Supplemental 12.75 19.85 23.26 15.67 43.54
Interest Expense, Supplemental 26.39 25.89 12.11 0.48 1.36
Rental Expense, Supplemental 5.96 6.49 7.50 11.99 20.41
Stock-Based Compensation, Supplemental 4.39 4.46 7.56 11.14 22.25
Equity in Affiliates, Supplemental -- -- -- 0.00 -1.62
Minority Interest, Supplemental 0.04 -0.20 0.16 -0.34 -1.13
Research & Development Expense, Supplemental 46.57 49.60 59.81 77.04 75.57
Audit-Related Fees, Supplemental 2.19 -- -- 2.88 3.59
Audit-Related Fees 0.21 -- -- 0.26 0.07
Tax Fees, Supplemental 0.05 -- -- 0.00 0.00
All Other Fees Paid to Auditor, Supplemental 0.00 -- -- 0.01 0.01
Gross Margin 74.29 73.24 68.23 58.23 51.29
Operating Margin -6.48 1.64 -13.61 -16.50 -34.64
Pretax Margin -17.85 -3.90 -19.57 -12.85 -32.81
Effective Tax Rate -- -- -- -- --
Net Profit Margin -26.81 -9.48 -33.60 -16.69 -44.28
Normalized EBIT -4.72 1.48 -21.35 -39.27 -107.03
Normalized EBITDA 22.63 33.23 13.41 3.41 -30.00
Current Tax - Domestic 1.11 1.16 -6.44 -30.37 0.21
Current Tax - Foreign 0.82 -1.14 -0.64 3.64 2.05
Current Tax - Local 0.07 0.06 0.07 -0.06 -0.05
Current Tax - Total 2.00 0.08 -7.01 -26.78 2.21
Deferred Tax - Domestic 2.75 0.03 0.03 -0.26 0.03
Deferred Tax - Foreign 0.00 -0.01 -1.82 -0.30 -0.08
Deferred Tax - Local 0.00 -0.16 0.02 0.23 0.02
Deferred Tax - Total 2.74 -0.14 -1.77 -0.33 -0.04
Other Tax -- -- -- -- --
Income Tax - Total 4.74 -0.06 -8.79 -27.11 2.17
Defined Contribution Expense - Domestic 1.60 1.50 2.20 2.90 2.60
Total Pension Expense 1.60 1.50 2.20 2.90 2.60