Income Statement

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  Year Ending Dec 2024 (Update) Year Ending Dec 2023 (Update) Year Ending Dec 2022 (Restated) Year Ending Dec 2021 (Restated) Year Ending Dec 2020 (Update)
Net Sales 173.59 164.20 173.76 189.34 291.67
Revenue 173.59 164.20 173.76 189.34 291.67
Total Revenue 173.59 164.20 173.76 189.34 291.67
Cost of Revenue 39.04 42.22 46.50 60.16 121.82
Cost of Revenue, Total 39.04 42.22 46.50 60.16 121.82
Gross Profit 134.55 121.98 127.26 129.18 169.85
Selling/General/Administrative Expense 47.31 62.23 58.41 69.69 84.94
Labor & Related Expense 4.38 2.99 2.74 4.53 4.35
Selling/General/Administrative Expenses, Total 51.69 65.22 61.15 74.22 89.29
Research & Development 42.82 46.57 49.60 59.81 77.04
Depreciation 1.90 2.23 2.90 5.73 42.79
Amortization of Intangibles, Operating 15.20 14.60 11.90 11.50 --
Depreciation/Amortization 17.10 16.83 14.80 17.23 42.79
Restructuring Charge 1.27 4.01 1.44 3.68 7.96
Impairment-Assets Held for Use -- -- -- -- 0.90
Other Unusual Expense (Income) -- 0.00 -2.55 0.00 0.00
Unusual Expense (Income) 1.27 4.01 -1.11 3.68 8.86
Other, Net -0.01 -- -0.04 -- --
Other Operating Expenses, Total -0.01 -- -0.04 -- --
Total Operating Expense 151.91 174.84 170.90 215.11 339.79
Operating Income 21.68 -10.65 2.86 -25.76 -48.12
Interest Expense - Non-Operating -18.00 -13.96 -13.64 -6.41 --
Interest Expense, Net Non-Operating -18.00 -13.96 -13.64 -6.41 --
Interest Income, Non-Operating 0.81 0.43 0.45 0.04 1.60
Investment Income, Non-Operating 8.89 -5.13 2.84 -5.84 3.76
Interest/Investment Income, Non-Operating 9.70 -4.71 3.29 -5.80 5.36
Interest Income (Expense), Net-Non-Operating, Total -8.30 -18.67 -10.35 -12.21 5.36
Gain (Loss) on Sale of Assets -- 0.00 0.00 0.55 3.48
Other Non-Operating Income (Expense) 0.38 0.00 0.72 0.37 1.82
Other, Net 0.38 0.00 0.72 0.37 1.82
Net Income Before Taxes 13.77 -29.31 -6.78 -37.05 -37.47
Income Tax – Total 7.61 4.74 -0.06 -8.79 -27.11
Income After Tax 6.15 -34.05 -6.72 -28.27 -10.36
Minority Interest 0.02 0.04 -0.20 0.16 -0.34
Net Income Before Extraordinary Items 6.17 -34.02 -6.92 -28.11 -10.70
Discontinued Operations 0.00 -18.58 0.92 6.78 0.00
Extraordinary Item -- -- -- -- --
Tax on Extraordinary Items 0.00 -1.94 -1.92 -1.61 --
Total Extraordinary Items 0.00 -20.52 -1.00 5.17 0.00
Net Income 6.17 -54.54 -7.92 -22.94 -10.70
Preferred Dividends -1.56 -10.01 -9.55 -35.51 -37.98
Total Adjustments to Net Income -1.56 -10.01 -9.55 -35.51 -37.98
Income Available to Common Excluding Extraordinary Items 4.61 -44.03 -16.47 -63.62 -48.68
Income Available to Common Stocks Including Extraordinary Items 4.61 -64.54 -17.47 -58.45 -48.68
Basic Weighted Average Shares 10.02 9.75 9.63 7.24 4.66
Basic EPS Excluding Extraordinary Items 0.46 -4.52 -1.71 -8.79 -10.44
Basic EPS Including Extraordinary Items 0.46 -6.62 -1.81 -8.08 -10.44
Diluted Net Income 4.61 -64.54 -17.47 -58.45 -48.68
Diluted Weighted Average Shares 10.67 9.75 9.63 7.24 4.66
Diluted EPS Excluding Extraordinary Items 0.43 -4.52 -1.71 -8.79 -10.44
Diluted EPS Including Extraordinary Items 0.43 -6.62 -1.81 -8.08 -10.44
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00 0.00
Impairment-Assets Held for Use, Supplemental 2.53 1.92 -0.27 0.73 --
Non-Recurring Items, Total 2.53 1.92 -0.27 0.73 --
Total Special Items 3.81 5.93 -1.38 3.87 5.38
Normalized Income Before Taxes 17.57 -23.38 -8.16 -33.19 -32.09
Effect of Special Items on Income Taxes 2.11 2.08 -0.48 1.35 1.88
Income Taxes Excluding Impact of Special Items 9.72 6.82 -0.54 -7.43 -25.23
Normalized Income After Taxes 7.86 -30.20 -7.62 -25.75 -6.86
Normalized Income Available to Common 6.31 -40.17 -17.37 -61.11 -45.19
Basic Normalized EPS 0.63 -4.12 -1.80 -8.45 -9.69
Diluted Normalized EPS 0.59 -4.12 -1.80 -8.45 -9.69
Amortization of Intangibles, Supplemental 15.20 14.60 11.90 11.50 27.00
Depreciation, Supplemental 1.90 12.75 19.85 23.26 15.67
Interest Expense, Supplemental 18.00 13.96 13.64 6.41 --
Rental Expense, Supplemental 5.06 5.96 6.49 7.50 11.99
Stock-Based Compensation, Supplemental 6.37 4.39 4.46 7.56 11.14
Equity in Affiliates, Supplemental -- -- -- -- 0.00
Minority Interest, Supplemental 0.02 0.04 -0.20 0.16 -0.34
Research & Development Expense, Supplemental 42.82 46.57 49.60 59.81 77.04
Audit-Related Fees, Supplemental 2.01 2.19 -- -- 2.88
Audit-Related Fees -- 0.21 -- -- 0.26
Tax Fees, Supplemental -- 0.05 -- -- 0.00
All Other Fees Paid to Auditor, Supplemental -- 0.00 -- -- 0.01
Gross Margin 77.51 74.29 73.24 68.23 58.23
Operating Margin 12.49 -6.48 1.64 -13.61 -16.50
Pretax Margin 7.93 -17.85 -3.90 -19.57 -12.85
Effective Tax Rate 55.30 -- -- -- --
Net Profit Margin 2.65 -26.81 -9.48 -33.60 -16.69
Normalized EBIT 25.49 -4.72 1.48 -21.35 -39.27
Normalized EBITDA 42.59 22.63 33.23 13.41 3.41
Current Tax - Domestic 1.63 1.11 1.16 -6.44 -30.37
Current Tax - Foreign 3.65 0.82 -1.14 -0.64 3.64
Current Tax - Local 0.08 0.07 0.06 0.07 -0.06
Current Tax - Total 5.36 2.00 0.08 -7.01 -26.78
Deferred Tax - Domestic 0.74 2.75 0.03 0.03 -0.26
Deferred Tax - Foreign 1.51 0.00 -0.01 -1.82 -0.30
Deferred Tax - Local 0.00 0.00 -0.16 0.02 0.23
Deferred Tax - Total 2.25 2.74 -0.14 -1.77 -0.33
Other Tax -- -- -- -- --
Income Tax - Total 7.61 4.74 -0.06 -8.79 -27.11
Defined Contribution Expense - Domestic 1.30 1.60 1.50 2.20 2.90
Total Pension Expense 1.30 1.60 1.50 2.20 2.90