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In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 6-K | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
Revenues: |
Services | 110.8 | | | | | | | 37.8 |
Products | 164.3 | | | | | | | 102.0 |
Networking | | | | | 162.8 | 143.1 | 131.9 | 123.8 |
Technology | | | | | 13.4 | 13.6 | 13.6 | 16.0 |
Total revenues [+] | 275.1 | 248.9 | 220.8 | 200.3 | 176.2 | 156.7 | 145.6 | 139.8 |
Products | 164.3 | | | | | | | 102.0 |
Services | 110.8 | | | | | | | 37.8 |
Revenue growth [+] | 10.5% | 12.7% | 10.2% | 13.7% | 12.4% | 7.7% | 4.2% | -7.8% |
Services | 18.1% | | | | | | | 14.4% |
Products | 5.9% | | | | | | | -14.0% |
Networking | | | | | 13.8% | 8.5% | 6.6% | -6.1% |
Technology | | | | | -1.6% | -0.3% | -14.5% | -18.9% |
Cost of goods sold [+] | 96.3 | 78.0 | 71.0 | 105.3 | 65.6 | 58.9 | 57.2 | 57.0 |
Cost of product sales | 63.7 | | | | | | | 47.2 |
Cost of services | 32.6 | | | | | | | 9.7 |
Gross profit | 178.8 | 170.9 | 149.8 | 95.0 | 110.6 | 97.8 | 88.3 | 82.8 |
Gross margin | 65.0% | 68.7% | 67.9% | 47.4% | 62.8% | 62.4% | 60.7% | 59.2% |
Selling, general and administrative [+] | 87.6 | 78.0 | 65.4 | 63.3 | 59.6 | 57.8 | 51.4 | 52.1 |
Sales and marketing | 70.1 | 62.1 | 51.2 | 51.5 | 49.3 | 49.0 | 45.1 | 43.4 |
General and administrative | 17.5 | 15.9 | 14.2 | 11.8 | 10.3 | 8.9 | 6.4 | 8.7 |
Research and development | 59.8 | 53.4 | 46.1 | 41.2 | 34.7 | 30.3 | 29.1 | 28.0 |
Equity in earnings | | | | | | | | |
EBITDA [+] | 34.3 | 42.0 | 40.6 | -7.5 | 18.7 | 12.1 | 10.6 | 5.7 |
EBITDA growth | -18.2% | 3.3% | -640.9% | -140.2% | 54.4% | 13.5% | 87.8% | -15.8% |
EBITDA margin | 12.5% | 16.9% | 18.4% | -3.7% | 10.6% | 7.7% | 7.3% | 4.1% |
Depreciation | 3.0 | 2.1 | 1.9 | 1.7 | 1.6 | 1.6 | 1.7 | 1.8 |
EBITA | 31.3 | 39.9 | 38.7 | -9.2 | 17.1 | 10.5 | 8.9 | 3.9 |
EBITA margin | 11.4% | 16.0% | 17.5% | -4.6% | 9.7% | 6.7% | 6.1% | 2.8% |
Amortization of intangibles | | 0.4 | 0.3 | 0.4 | 0.7 | 0.8 | 1.2 | 1.2 |
EBIT [+] | 31.3 | 39.5 | 38.4 | -9.6 | 16.4 | 9.7 | 7.8 | 2.7 |
EBIT growth | -20.8% | 3.1% | -501.4% | -158.4% | 69.5% | 24.5% | 186.5% | -22.7% |
EBIT margin | 11.4% | 15.9% | 17.4% | -4.8% | 9.3% | 6.2% | 5.3% | 1.9% |
Interest income, net [+] | | 2.7 | 1.3 | 1.0 | 1.1 | 1.2 | 1.8 | 2.3 |
Interest expense | | 0.6 | 0.7 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 |
Interest income | | 2.7 | 1.3 | 1.0 | 1.1 | 1.2 | 1.8 | 2.3 |
Other income (expense), net | 2.9 | -1.9 | -2.3 | -2.6 | -0.6 | -0.9 | -1.7 | -1.6 |
Pre-tax income | 34.2 | 39.6 | 36.6 | -11.3 | 16.6 | 9.6 | 7.6 | 3.1 |
Income taxes | 5.7 | 5.9 | 9.4 | -15.3 | 3.1 | 5.6 | -8.6 | 2.8 |
Tax rate | 16.7% | 14.9% | 25.6% | 135.1% | 18.7% | 58.2% | | 88.4% |
Net income | 28.5 | 33.8 | 27.2 | 4.0 | 13.5 | 4.0 | 16.2 | 0.4 |
Net margin | 10.3% | 13.6% | 12.3% | 2.0% | 7.7% | 2.6% | 11.2% | 0.3% |
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Basic EPS [+] | $0.89 | $1.03 | $0.87 | $0.14 | $0.47 | $0.13 | $0.46 | $0.01 |
Growth | -13.4% | 19.1% | 537.5% | -70.9% | 260.0% | -71.9% | 4967.9% | -547.9% |
Diluted EPS [+] | $0.89 | $1.00 | $0.83 | $0.13 | $0.45 | $0.13 | $0.45 | $0.01 |
Growth | -13.4% | 20.5% | 541.1% | -71.1% | 256.4% | -72.4% | 4930.1% | -543.6% |
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Dividends per share [+] | $0.36 | $0.33 | $0.27 | $0.23 | $0.20 | | | |
Growth | 9.2% | 23.7% | 16.9% | 15.4% | | | | |
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Shares outstanding (basic) [+] | 31.8 | 32.7 | 31.4 | 29.3 | 28.9 | 31.1 | 35.2 | 40.2 |
Growth | -2.6% | 4.0% | 7.5% | 1.1% | -7.0% | -11.6% | -12.5% | -5.0% |
Shares outstanding (diluted) [+] | 31.8 | 33.8 | 32.9 | 30.8 | 30.2 | 32.2 | 35.8 | 40.6 |
Growth | -2.6% | 2.8% | 6.9% | 1.9% | -6.1% | -10.1% | -11.8% | -4.1% |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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