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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 |
| 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
United States | 156.1 | 139.0 | 96.9 | 77.3 | |
EMEA | 71.9 | 62.5 | 34.2 | 23.6 | |
APAC | 24.8 | 20.9 | 15.1 | 11.0 | |
Rest of the world | 3.6 | 4.4 | 2.6 | 1.9 | |
Total revenues | 256.4 | 226.9 | 148.7 | 113.9 | 0.0 |
Revenue growth [+] | 13.0% | 52.5% | 30.6% | | |
United States | 12.2% | 43.5% | 25.3% | | |
EMEA | 14.9% | 83.1% | 44.5% | | |
APAC | 18.8% | 38.6% | 37.3% | | |
Rest of the world | -18.5% | 68.7% | 35.9% | | |
Cost of goods sold | 81.5 | 58.3 | 41.2 | 36.1 | 0.0 |
Gross profit | 174.9 | 168.6 | 107.6 | 77.8 | 0.0 |
Gross margin | 68.2% | 74.3% | 72.3% | 68.3% | |
Selling, general and administrative [+] | 113.5 | 93.9 | 63.6 | 56.8 | 2.8 |
Sales and marketing | 68.6 | 58.2 | 43.3 | 36.5 | 0.8 |
General and administrative | 44.9 | 35.8 | 20.3 | 20.3 | 2.0 |
Research and development | 20.8 | 15.9 | 12.3 | 12.5 | 0.6 |
Other operating expenses | | | | | -3.4 |
EBITDA [+] | 74.8 | 81.9 | 47.5 | 21.2 | 12.3 |
EBITDA growth | -8.7% | 72.3% | 124.3% | 72.4% | |
EBITDA margin | 29.2% | 36.1% | 31.9% | 18.6% | |
Depreciation | 33.6 | 23.1 | 15.7 | 12.7 | 12.3 |
EBITA | 41.1 | 58.8 | 31.8 | 8.5 | 0.0 |
EBITA margin | 16.0% | 25.9% | 21.3% | 7.5% | |
Amortization of intangibles | 0.6 | | | | |
EBIT [+] | 40.5 | 58.8 | 31.8 | 8.5 | 0.0 |
EBIT growth | -31.1% | 85.1% | 273.2% | | |
EBIT margin | 15.8% | 25.9% | 21.3% | 7.5% | |
Interest income | 2.2 | 0.3 | 0.5 | 1.3 | |
Interest income | 2.2 | 0.3 | 0.5 | 1.3 | |
Other income (expense), net | -5.3 | 5.7 | -0.7 | -0.6 | |
Pre-tax income | 37.5 | 64.8 | 31.6 | 9.2 | 0.0 |
Income taxes | 8.8 | 8.2 | 5.0 | 2.6 | 0.0 |
Tax rate | 23.4% | 12.7% | 15.7% | 28.0% | |
Net income | 28.7 | 56.6 | 26.6 | 6.6 | 0.0 |
Net margin | 11.2% | 24.9% | 17.9% | 5.8% | |
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Basic EPS [+] | $0.55 | $1.13 | $2.11 | $0.66 | |
Growth | -51.3% | -46.4% | 218.1% | | |
Diluted EPS [+] | $0.50 | $1.00 | $1.55 | $0.55 | |
Growth | -49.5% | -35.7% | 184.7% | | |
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Shares outstanding (basic) [+] | 52.3 | 50.2 | 12.6 | 10.0 | |
Growth | 4.2% | 297.0% | 26.0% | | |
Shares outstanding (diluted) [+] | 56.9 | 56.6 | 17.1 | 12.2 | |
Growth | 0.5% | 230.7% | 40.7% | | |
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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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