A	B	C	D	E	F	G	H	I	J	K	L	M	N	O	P	Q	R	S	T	U	V	W	X	Y	Z	AA	AB	AC	AD	AE	AF	AG	AH	AI	AJ	AK	AL	AM	AN	AO	AP	AQ	AR	AS	AT	AU	AV	AW	AX	AY	AZ	BA	BB	BC	BD	BE	BF	BG	BH	BI	BJ	BK	BL
1	Main
2			Q110	Q210	Q310	Q410	Q111	Q211	Q311	Q411	Q112	Q212	Q312	Q412	Q113	Q213	Q313	Q413	Q114	Q214	Q314	Q414		2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	2036	2037	2038	2039	2040	2041	2042	2043	2044	2045	2046	2047	2048	2049	2050
3		Contract Revenue				0				0				0				0			39.65525049999998	39.65525049999998						79.31050099999996	105.17016899999999	62.41933000000006
4		R&D Revenue	5.075211	4.446753	6.631857	3.062016	1.696721	2.491056	3.577948	4.9600670000000004	1.465752	2.701164	2.28982	2.514099	1.328364	0.964667	2.292143	0.934126	0.549415	0.650612	0.650612	0.650612		19.215837	12.725792	8.970835	5.5193	2.501251	2.501251	2.501251	0	0	0	0	0	0	0	0
5		Total revenue	5.075211	4.446753	6.631857	3.062016	1.696721	2.491056	3.577948	4.9600670000000004	1.465752	2.701164	2.28982	2.514099	1.328364	0.964667	2.292143	0.934126	0.549415	0.650612	40.30586249999998	40.30586249999998		19.215837	12.725792	8.970835	5.5193	81.81175199999996	107.67141999999998	64.92058100000006	0	0	0	0	0	0	0	0
6		COGS and royalties				0				0				0				0			4.030586249999997	4.030586249999997						8.061172499999994	10.767141999999996	6.492058100000004	0	0	0	0	0	0	0	0
7		Gross Profit	5.075211	4.446753	6.631857	3.062016	1.696721	2.491056	3.577948	4.9600670000000004	1.465752	2.701164	2.28982	2.514099	1.328364	0.964667	2.292143	0.934126	0.549415	0.650612	36.27527624999998	36.27527624999998		19.215837	12.725792	8.970835	5.5193	73.75057949999996	96.90427799999999	58.428522900000054	0	0	0	0	0	0	0	0
8		SG&A	1.968791	2.233825	1.389259	2.5387939999999993	4.250056	9.350541	3.968605	6.362510999999998	2.213877	3.474691	3.138711	2.582851999999999	3.031349	3.166149	3.265735	3.781586000000001	3.088658	2.799054	2.7999999999999994	2.7999999999999994		8.130669	23.931713	11.410131	13.244819	11.487711999999998	11.843856199999998	7.141263910000006	0	0	0	0	0	0	0	0
9		R&D	5.827023	4.929961	7.419749	4.482226000000001	3.566278	3.835386	5.170413	5.795271	4.464538	5.182516	4.170031	4.395950999999998	3.645469	3.130701	4.26097	2.8193599999999996	2.813456	2.371869	2.015293124999999	2.015293124999999		22.658959	18.367348	18.213036	13.8565	9.215911249999998	0	0	0	0	0	0	0	0	0	0
10		Patent fees	0.320339	0.305661	0.234511	0.28808600000000006	0.341827	0.413048	0.482074	0.5712189999999999	0.336298	0.37632	0.376877	0.7939100000000001	0.458156	0.300581	0.329054	0.33342700000000014	0.285736	0.226198	0.226198	0.226198		1.148597	1.808168	1.883405	1.421218	0.96433	0	0	0	0	0	0	0	0	0	0
11		Interest expense												0.172993	0.373555	0.376323	0.293438	0.16401600000000016	0.140829	0.123609	0.0744231	0.0744231				0.172993	1.207332	0.41328420000000005	-6.9907261018749995	-10.442644148195312	0	0	0	0	0	0	0	0
12		OPEX	8.116153	7.469447	9.043519	7.309106	8.158161	13.598975	9.621092	12.729000999999997	7.014713	9.033527	7.685619	7.945705999999998	7.508528999999999	6.9737540000000005	8.149197	7.098389000000001	6.328679	5.52073	5.115914224999998	5.115914224999998		31.938225	44.107229	31.679565	29.729869	22.081237449999996	4.853130098124998	-3.3013802381953052	0	0	0	0	0	0	0	0
13		Operating income	-3.0409420000000003	-3.0226939999999995	-2.4116619999999998	-4.24709	-6.46144	-11.107918999999999	-6.043144000000001	-7.768933999999996	-5.548961	-6.332362999999999	-5.395799	-5.431606999999998	-6.180164999999999	-6.009087	-5.857054	-6.164263000000001	-5.779264	-4.870118000000001	31.159362024999986	31.159362024999986		-12.722387999999999	-31.381437	-22.708730000000003	-24.210569	51.66934204999996	92.051147901875	61.72990313819536	0	0	0	0	0	0	0	0
14		Other Income	-1.367193	-1.545566	-2.018116	-10.542076	1.760165	2.0418570000000003	4.726383	0.4155620000000013	-0.436651	0.32508600000000004	-0.014938	0.462927	-0.9740960000000001	0.981671	-0.73495	0.1421720000000002	0.15611	0.146839	0	0		-15.472951	8.943967	0.336424	-0.5852029999999999	0.302949	0	0	0	0	0	0	0	0	0	0
15		Pretax income	-4.408135000000001	-4.5682599999999995	-4.429778	-14.789166	-4.701275	-9.066061999999999	-1.3167610000000005	-7.353371999999995	-5.985612000000001	-6.007276999999999	-5.410737	-4.968679999999998	-7.154260999999999	-5.0274160000000006	-6.592003999999999	-6.0220910000000005	-5.623154	-4.723279000000001	31.159362024999986	31.159362024999986		-28.195338999999997	-22.437469999999998	-22.372306000000002	-24.795772	51.97229104999996	92.051147901875	61.72990313819536	0	0	0	0	0	0	0	0
16		Taxes				0		-32.907988	-1.527275	-1.5963829999999959	-1.932719	-1.66072	-2.470346	-1.7803680000000002	-2.278442	-1.966336	-1.690028	-1.6836330000000004	-2.241295	-1.775017	7.7898405062499965	7.7898405062499965			-36.031646	-7.844153	-7.618439	11.563369012499994	23.01278697546875	15.43247578454884	0	0	0	0	0	0	0	0
17		Net income	-4.408135000000001	-4.5682599999999995	-4.429778	-14.789166	-4.701275	23.841926000000004	0.21051399999999942	-5.756988999999999	-4.052893000000001	-4.346556999999999	-2.940391	-3.188311999999998	-4.875818999999999	-3.0610800000000005	-4.9019759999999994	-4.338458	-3.3818590000000004	-2.9482620000000006	23.36952151874999	23.36952151874999		-28.195338999999997	13.594176000000004	-14.528153000000001	-17.177332999999997	40.40892203749996	69.03836092640626	46.29742735364652	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
18		EPS	-0.10116497494005966	-0.1046041214654927	-0.09558058329215573	-0.30170006250378295	-0.09331418092904682	0.46462793976936173	0.004094128111588114	-0.1114888501641215	-0.0784861027323258	-0.0841730386748206	-0.056937403519425465	-0.06173811812436725	-0.09354353373777767	-0.058421462793590964	-0.09320530033872364	-0.08168993473102146	-0.06340752285315901	-0.05510327619299955	0.436778413433381	0.436778413433381		-0.5751869671768745	0.2632624538919038	-0.2813215350451528	-0.3234363941342801	0.7552463083992352	1.2903330402928068	0.8653029908784619	0	0	0	0	0	0	0	0
19		Shares	43.573727	43.671893	46.346003	49.019433	50.381142	51.314017	51.418518	51.637352	51.638352	51.638352	51.64252	51.64252	52.123528	52.396497	52.593318	53.108844	53.335296	53.504296	53.504296	53.504296		49.019433	51.637352	51.64252	53.108844	53.504296	53.504296	53.504296	53.504296	53.504296	53.504296	53.504296	53.504296	53.504296	53.504296	53.504296
20
21
22
23		CIC		-1.9681490000000004	4.170762	-1.835790000000003	-2.4959380000000024	-3.8352509999999995	-2.590256	36.846971999999994	-6.668453999999997	-7.655700000000003	-12.260847999999996	9.345562000000001	-7.327096000000001	8.272333999999997	72.22792700000001	-13.880901000000009	15.757316000000003	-8.037743000000006				-1.835790000000003	27.925526999999995	-17.239439999999995	59.292263999999996
24		Cash	17.257952	15.289803	19.460565	21.331403	18.835465	15.000214	12.409958	49.25693	42.588476	34.932776	22.671928	32.01749	24.690394	32.962728	105.190655	91.309754	107.06707	99.029327				21.331403	49.25693	32.01749	91.309754	145.76837003749998	214.80673096390623	258.12723431755273	258.12723431755273	258.12723431755273	258.12723431755273	258.12723431755273	258.12723431755273	258.12723431755273	258.12723431755273	258.12723431755273			Int. on Debt	0.1
25		A/R	3.308935	3.445347	1.361236	3.002144	1.245241	1.80864	1.708294	2.637103	1.93261	1.517947	1.095324	0.970288	31.254137	58.219961	1.193103	0.982023	0.61042	0.742709				3.002144	2.637103	0.970288	0.982023														ROIC	0.05
26		Inventory									0.923195	8.85997	17.357337	17.641922	13.148805	18.452502	16.988019	20.515349	17.075545	16.845607						17.641922	20.515349														Maturity	0.01
27		Deferred tax								0.727772	0.731807	0.726203	0.740439	33.515327	33.657972	35.047827	19.420266	10.383908	7.602201	11.75881					0.727772	33.515327	10.383908														Tax Rate	0.25
28		Prepaids and other	0.6724460000000001	0.605903	0.381487	0.369017	0.343141	0.431978	0.420467	0.356898	0.460242	0.542059	0.675205	0.801149	0.77915	0.930507	1.061109	0.750808	0.978488	1.358018				0.369017	0.356898	0.801149	0.750808														Discount	0.1
29		Current assets	21.239333000000002	19.341053	21.203288	24.702564000000002	20.423847	17.240832	14.538719	52.978703	46.63633	46.578955	42.540233	84.946176	103.530458	145.613525	143.853152	123.94184200000001	133.33372400000002	129.73447099999998				24.702564000000002	52.978703	84.946176	123.94184200000001														NPV	243.81592899013913
30		PPE	1.265531	1.65181	1.295478	1.150257	1.024517	0.894258	0.794468	0.818992	0.899036	0.855208	0.774739	0.987869	1.158327	1.143651	1.236373	1.382073	1.08465	1.000542				1.150257	0.818992	0.987869	1.382073														Settlement	-391.5016279671361
31		Receivables									1.73167	2.000983	2.614926	3.771219												3.771219															Share	-2.0351811050013975
32		Deferred costs									1.506692	1.937671	2.397811	2.841534	8.669379	14.234754	21.887652	22.583202	29.176756	30.097583						2.841534	22.583202
33		Goodwill	0.898334	0.898334	0.898334	0.898334	0.898334	0.898334	0.898334	0.898334	0.898334	0.898334	0.898334	0.898334	0.898334	0.898334	0.898334	0.898334	0.898334	0.898334				0.898334	0.898334	0.898334	0.898334
34		Deferred tax						32.65355	34.180825	35.149031	37.077715	38.744039	41.200149	10.209278	12.345075	12.921556	31.556712	42.940624	48.26981	45.741228					35.149031	10.209278	42.940624
35		Other assets	0.312252	0.268665	0.274713	0.280648	0.280648	0.281608	0.371748	0.535417	0.277844	1.6258	1.6258	2.18172	2.124931	2.202294	2.137433	2.078159	2.024555	1.999431				0.280648	0.535417	2.18172	2.078159
36		Total assets	23.71545	22.159861999999997	23.671812999999997	27.031803	22.627345999999996	51.968582000000005	50.784093999999996	90.380477	89.027621	92.64098999999999	92.05199199999998	105.83613	128.72650399999998	177.01411400000003	201.56965599999998	193.82423400000002	214.78782900000004	209.47158899999997				27.031803	90.380477	105.83613	193.82423400000002
37		Acct. payable	3.963926	4.403759	1.415251	2.884259	2.293459	1.377339	2.218881	2.278316	3.903352	10.045821	10.613539	10.189917	8.588832	16.258393	6.826552	5.06438	4.343762	1.628237				2.884259	2.278316	10.189917	5.06438
38		Warrants	3.64	4.082										0.287036	0.539453	0.243199	1.227712	0.313425	0.15732	0.011532						0.287036	0.313425
39		Current debt												0.954738	1.454249	8.958725	1.963738	1.968826	1.97399	1.979231						0.954738	1.968826	1.979231	1.979231	0	0	0	0	0	0	0	0	0
40		Deferred revenue	0.662211	0.600927	0.212874	0.190763	0.168153																	0.190763
41		Accrued exp/other	0.623722	0.747928	1.192794	1.188158	0.824564	1.870688	1.476875	4.644461	3.235129	4.46545	5.18323	4.283849	4.569305	5.50275	7.231697	4.842393	4.660747	4.777869				1.188158	4.644461	4.283849	4.842393
42		Current liabilities	8.889859	9.834614	2.820919	4.26318	3.2861759999999998	3.248027	3.6957560000000003	6.922777	7.1384810000000005	14.511271	15.796769	15.71554	15.151838999999999	30.963067000000002	17.249699	12.189024	11.135819	8.396868999999999				4.26318	6.922777	15.71554	12.189024
43		Deferred revenue				0.175175	0.188062			41.00111	42.727036	42.992609	43.603902	57.05202	83.505866	119.069235	162.05753	162.222189	187.78338	188.081857				0.175175	41.00111	57.05202	162.222189
44		Warrants	7.386732	8.495057	13.122337	10.52466	7.790886	5.751035	1.024981	0.622938	1.059751	0.734739	0.749771		0.933594	0.249558								10.52466	0.622938
45		Long-term debt												3.955262	3.468481	2.976924	2.484086	1.989948	1.49449	0.997693						3.955262	1.989948	0.997693	0.997693	0	0	0	0	0	0	0	0	0
46		Other liabilities						0.020925	0.083699	0.147586	0.152384	0.157182	0.16198	0.166303	0.167093	0.348135	0.454241	0.447605	0.437035	0.426465					0.147586	0.166303	0.447605
47		Total liabilities	16.276591	18.329670999999998	15.943256	14.963015000000002	11.265124	9.019987	4.804436	48.69441099999999	51.07765199999999	58.395801	60.312422	76.889125	103.22687299999998	153.60691900000003	182.245556	176.84876599999998	200.850724	197.90288400000003				14.963015000000002	48.69441099999999	76.889125	176.84876599999998
48		SE	7.438859	3.830191	7.728557	12.068788	11.362222	42.948595	45.979658	41.686066	37.949969	34.245189	31.73957	28.947005	25.499631	23.407195	19.3241	16.975468	13.937105	11.568705				12.068788	41.686066	28.947005	16.975468
49		SE+L	23.71545	22.159861999999997	23.671813	27.031803000000004	22.627346	51.968582	50.784094	90.38047699999998	89.027621	92.64099	92.051992	105.83613000000001	128.72650399999998	177.01411400000003	201.569656	193.824234	214.78782900000002	209.47158900000002				27.031803000000004	90.38047699999998	105.83613000000001	193.824234
50
51		COGS																			0.1	0.1							0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
52		Royalties																			0	0							0	0	0	0	0	0	0	0	0	0
53		Gross Margin	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0.9	0.9		1	1	1	1	0.9014668149387632	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9	0.9
54		R&D	1.1481341366890951	1.1086653564972013	1.1188041298236677	1.4638153425716915	2.1018647143519766	1.5396626972657381	1.4450777372952317	1.1683856286618708	3.045902717512922	1.9186232305776325	1.8211173804054466	1.748519449711407	2.7443298674158587	3.2453696456912073	1.8589459732660663	3.0181795603590946	5.1208212371340425	3.6455967612032976	0.05	0.05		1.1791814741142943	1.443316691016166	2.030249803948016	2.510553874585545	0.11264776789036375	0	0	0	0	0	0	0	0	0	0
55		SG&A	0.38792298487688487	0.502349692011227	0.20948265319954879	0.8291249947746843	2.5048643825354904	3.7536454419330596	1.1091846499725542	1.2827469870870691	1.5104035334763317	1.2863680250440181	1.3707238996951723	1.0273469740053989	2.2820168267131598	3.28211600479751	1.4247518588499932	4.048261155347352	5.621721285367164	4.302186249254548	0.06946880246018804	0.06946880246018804		0.4231233331132024	1.880567669187112	1.2719140414465322	2.3997280452231258	0.14041640374600467	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11
56		Other Income (exp)	-0.26938643536199774	-0.3475718125112863	-0.3043063202357952	-3.442854642170387	1.0373921228062835	0.8196752702468352	1.3209758777936405	0.08378152956401623	-0.2979023736621202	0.12035033785434726	-0.006523656881326916	0.18413236710248881	-0.7333050278387551	1.0176268080073227	-0.32063880831169783	0.15219788336905318	0.2841385837663697	0.22569365458983234				-0.8052186849836414	0.702822032609051	0.037501971667074474	-0.10602848187270122	0.003703001006505767	0.25245181983405374	0.25245181983405374	0.25245181983405374	0.25245181983405374	0.25245181983405374	0.25245181983405374	0.25245181983405374	0.25245181983405374	0.25245181983405374	0.25245181983405374
57		OPEX	1.5991754825562918	1.6797530692619984	1.3636480702162306	2.3870241043809046	4.808192389909714	5.45912054967853	2.688997157029672	2.566296181079811	4.78574342726464	3.3443089719839296	3.356429326322593	3.160458677243815	5.652463481395158	7.229182712791046	3.555274256449096	7.598963094914391	11.518941055486291	8.485441399789737				1.662078263882026	3.465971233853264	3.5313953494853045	5.386528907651332	0.26990300183279303	9.874285328580108	9.874285328580108	9.874285328580108	9.874285328580108	9.874285328580108	9.874285328580108	9.874285328580108	9.874285328580108	9.874285328580108	9.874285328580108
58		Operating Income	-0.5991754825562917	-0.6797530692619984	-0.36364807021623047	-1.3870241043809046	-3.808192389909714	-4.45912054967853	-1.6889971570296718	-1.566296181079811	-3.7857434272646397	-2.3443089719839296	-2.356429326322593	-2.160458677243815	-4.652463481395158	-6.2291827127910455	-2.555274256449096	-6.598963094914391	-10.518941055486291	-7.485441399789738				-0.662078263882026	-2.465971233853264	-2.531395349485305	-4.386528907651332	0.6315638131059703	-8.874285328580106	-8.874285328580106	-8.874285328580106	-8.874285328580106	-8.874285328580106	-8.874285328580106	-8.874285328580106	-8.874285328580106	-8.874285328580106	-8.874285328580106
59		Pretax Income	-0.8685619179182895	-1.0273248817732847	-0.6679543904520256	-4.829878746551292	-2.770800267103431	-3.6394452794316945	-0.3680212792360315	-1.482514651515795	-4.08364580092676	-2.2239586341295823	-2.36295298320392	-1.9763263101413264	-5.385768509233913	-5.211555904783723	-2.875913064760794	-6.446765211545338	-10.234802471719922	-7.259747745199905				-1.4672969488656673	-1.7631492012442131	-2.4938933778182304	-4.492557389524033	0.635266814112476	-8.621833508746054	-8.621833508746054	-8.621833508746054	-8.621833508746054	-8.621833508746054	-8.621833508746054	-8.621833508746054	-8.621833508746054	-8.621833508746054	-8.621833508746054
60		Taxes	0	0	0	0	0	3.6297995756040504	1.1598725964696701	0.21709536794820078	0.3228941334653833	0.2764513772213268	0.45656368069636355	0.35831810460726005	0.3184734244389463	0.39112259657844106	0.25637545122848837	0.27957614722195334	0.39858325060988903	0.37580185290769397	0.25	0.25		0	1.6058693783211746	0.3506188856884042	0.30724750171117887	0.22249103856852204	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25
61		Net Income	-0.8685619179182895	-1.0273248817732847	-0.6679543904520256	-4.829878746551292	-2.770800267103431	9.571011651283634	0.05883651746755386	-1.1606675877563748	-2.765060528656963	-1.6091422068411985	-1.2841144718798856	-1.2681728126060263	-3.6705443688627506	-3.173198627091007	-2.1385995550888404	-4.644403431656971	-6.155381633191668	-4.531521090911328				-1.4672969488656673	1.068238110445307	-1.619487260661912	-3.1122303552986783	0.493925640872475	-5.274982146235042	-5.274982146235042	-5.274982146235042	-5.274982146235042	-5.274982146235042	-5.274982146235042	-5.274982146235042	-5.274982146235042	-5.274982146235042	-5.274982146235042
62
63		CFO
64		Capex
65		FCF