Financial Summary (All financials)
In millions, except per share items | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 |
Revenues | 297.5 | 263.4 | 263.4 | 148.4 | 134.0 | 121.3 | 108.6 | 106.6 |
Revenue growth | 12.9% | 77.5% | | 10.8% | 10.4% | 11.8% | 1.8% | -4.7% |
Cost of goods sold | 75.7 | 3.1 | 68.2 | 37.3 | 31.9 | 29.0 | 28.3 | 30.2 |
Gross profit | 221.7 | 260.4 | 195.3 | 111.0 | 102.1 | 92.4 | 80.2 | 76.4 |
Gross margin | 74.5% | 98.8% | 74.1% | 74.8% | 76.2% | 76.1% | 73.9% | 71.7% |
Sales and marketing | 100.8 | 95.8 | 95.8 | 55.5 | 52.5 | 47.8 | 44.7 | 44.3 |
Research and development | 12.3 | | 11.6 | | | 8.9 | 8.2 | 8.0 |
General and administrative | 31.9 | | 35.0 | | | 14.6 | 12.2 | 12.4 |
EBITA | 65.1 | 111.7 | 47.3 | 60.7 | 54.7 | 16.7 | 10.6 | 7.6 |
EBITA margin | 21.9% | 42.4% | 17.9% | 40.9% | 40.8% | 13.8% | 9.8% | 7.1% |
Amortization of intangibles | 8.4 | 9.2 | 12.9 | 0.5 | 0.1 | 0.1 | 0.2 | 0.8 |
EBIT | 56.7 | 102.5 | 34.4 | 60.2 | 54.6 | 16.6 | 10.4 | 6.8 |
EBIT margin | 19.1% | 38.9% | 13.0% | 40.5% | 40.8% | 13.7% | 9.6% | 6.4% |
Pre-tax income | 57.6 | 11.1 | 11.1 | 22.5 | 22.0 | 14.8 | 9.7 | 5.0 |
Income taxes | 15.9 | 10.1 | 10.1 | 5.4 | 5.2 | 1.9 | 2.9 | 2.6 |
Tax rate | 27.7% | 91.4% | 91.4% | 24.2% | 23.5% | 12.7% | 30.0% | 51.8% |
Net income | 41.6 | 0.9 | 0.9 | 17.1 | 16.9 | 13.0 | 6.8 | 2.4 |
Net margin | 14.0% | 0.4% | 0.4% | 11.5% | 12.6% | 10.7% | 6.3% | 2.3% |
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Diluted EPS | $1.22 | $0.03 | $0.03 | $0.60 | $0.60 | $0.45 | $0.24 | $0.08 |
Shares outstanding (diluted) | 34.1 | 29.5 | 29.5 | 28.7 | 28.3 | 28.7 | 28.3 | 30.8 |
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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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