Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 416.1 | 269.4 | 224.9 | 251.1 | 222.0 | 163.9 | 148.5 | 120.6 |
Revenue growth | 54.5% | 19.8% | -10.4% | 13.1% | 35.4% | 10.4% | 23.1% | 8.2% |
Cost of goods sold | 178.8 | 116.5 | 103.1 | 105.9 | 90.8 | 88.6 | 71.4 | 57.0 |
Gross profit | 237.4 | 152.9 | 121.8 | 145.2 | 131.2 | 75.3 | 77.1 | 63.6 |
Gross margin | 57.0% | 56.8% | 54.2% | 57.8% | 59.1% | 45.9% | 51.9% | 52.7% |
Sales and marketing | 39.3 | 29.3 | 28.2 | 28.0 | 24.6 | 21.5 | 16.0 | 12.7 |
Research and development | 65.9 | 53.0 | 44.5 | 45.5 | 39.0 | 35.0 | 39.7 | 29.5 |
General and administrative | 17.3 | 12.5 | 10.1 | 8.7 | 8.1 | 6.8 | 8.5 | 4.5 |
EBITA | 114.8 | 58.1 | 39.0 | 63.1 | 60.4 | 12.7 | 16.6 | 16.9 |
EBITA margin | 27.6% | 21.6% | 17.4% | 25.1% | 27.2% | 7.8% | 11.2% | 14.0% |
Amortization of intangibles | 2.5 | 2.5 | 2.6 | 2.6 | 2.6 | 2.5 | 5.0 | |
EBIT | 112.4 | 55.6 | 36.4 | 60.4 | 57.8 | 10.2 | 11.6 | 16.9 |
EBIT margin | 27.0% | 20.6% | 16.2% | 24.1% | 26.0% | 6.2% | 7.8% | 14.0% |
Pre-tax income | 109.3 | 56.5 | 39.5 | 63.4 | 60.1 | 11.4 | 12.2 | 17.5 |
Income taxes | 16.2 | 8.6 | 4.3 | 9.1 | 13.6 | 1.7 | -3.5 | -1.2 |
Tax rate | 14.8% | 15.2% | 10.9% | 14.3% | 22.7% | 15.3% | | |
Net income | 93.1 | 47.9 | 35.2 | 54.4 | 46.5 | 9.6 | 15.7 | 18.7 |
Net margin | 22.4% | 17.8% | 15.6% | 21.7% | 20.9% | 5.9% | 10.6% | 15.5% |
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Diluted EPS | $3.12 | $1.65 | $1.23 | $1.89 | $1.63 | $0.35 | $0.57 | $0.67 |
Shares outstanding (diluted) | 29.8 | 28.9 | 28.6 | 28.8 | 28.5 | 27.5 | 27.5 | 27.8 |
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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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