Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-05-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 |
Revenues | 1,300.7 | 1,300.7 | 883.0 | 883.0 | 674.9 | 513.0 | 375.6 | 271.0 |
Revenue growth | 47.3% | 47.3% | 30.8% | | 31.6% | 36.6% | 38.6% | 48.9% |
Cost of goods sold | 258.9 | 258.9 | 167.0 | 167.0 | 130.0 | 100.4 | 75.7 | 61.9 |
Gross profit | 1,041.8 | 1,041.8 | 716.1 | 716.1 | 544.9 | 412.6 | 299.9 | 209.1 |
Gross margin | 80.1% | 80.1% | 81.1% | 81.1% | 80.7% | 80.4% | 79.8% | 77.2% |
Sales and marketing | 649.7 | 649.7 | 452.1 | 452.1 | 340.7 | 267.4 | 212.9 | 162.6 |
Research and development | | 302.0 | | 205.6 | | 117.6 | 70.4 | 46.0 |
General and administrative | | 144.9 | | 109.2 | | 75.8 | 56.8 | 45.1 |
EBITA | -79.8 | -54.8 | -108.2 | -50.8 | -51.4 | -48.3 | -40.0 | -44.6 |
EBITA margin | -6.1% | -4.2% | -12.3% | -5.8% | -7.6% | -9.4% | -10.7% | -16.5% |
Amortization of intangibles | 1.3 | | 2.6 | | 3.2 | 0.0 | 0.1 | 0.1 |
EBIT | -81.1 | -54.8 | -110.8 | -50.8 | -54.6 | -48.3 | -40.1 | -44.7 |
EBIT margin | -6.2% | -4.2% | -12.5% | -5.8% | -8.1% | -9.4% | -10.7% | -16.5% |
Pre-tax income | -73.8 | -73.8 | -80.8 | -80.8 | -50.8 | -62.0 | -50.0 | -45.0 |
Income taxes | 4.0 | -4.0 | 4.2 | -4.2 | 3.0 | 1.9 | -10.3 | 0.5 |
Tax rate | | 5.4% | | 5.2% | | | 20.6% | |
Net income | -77.8 | 0.0 | -85.0 | 0.0 | -53.7 | -63.8 | -39.7 | -45.6 |
Net margin | -6.0% | 0.0% | -9.6% | 0.0% | -8.0% | -12.4% | -10.6% | -16.8% |
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Diluted EPS | ($1.66) | $0.00 | ($1.90) | $0.00 | ($1.28) | ($1.66) | ($1.08) | ($1.29) |
Shares outstanding (diluted) | 46.9 | 46.9 | 44.8 | 44.8 | 42.0 | 38.5 | 36.8 | 35.2 |
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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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