Financial Summary (All financials)
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 |
Revenues | 450.9 | 385.3 | 312.6 | 279.1 | 248.2 | 220.1 | 193.2 | 158.5 |
Revenue growth | 17.0% | 23.2% | 12.0% | 12.4% | 12.8% | 13.9% | 21.8% | 23.9% |
Cost of goods sold | 153.1 | 131.7 | 99.8 | 92.2 | 81.7 | 73.6 | 64.3 | 50.0 |
Gross profit | 297.8 | 253.6 | 212.8 | 186.9 | 166.5 | 146.5 | 128.8 | 108.5 |
Gross margin | 66.1% | 65.8% | 68.1% | 67.0% | 67.1% | 66.5% | 66.7% | 68.4% |
Sales and marketing | 101.8 | 88.0 | 76.0 | 70.1 | 71.7 | 71.3 | 66.9 | 55.4 |
Research and development | 45.7 | 39.0 | 31.0 | 28.3 | 22.1 | 23.2 | 22.0 | 18.0 |
General and administrative | 67.3 | 61.3 | 50.1 | 44.7 | 41.9 | 37.5 | 28.8 | 24.8 |
EBITA | 83.0 | 65.2 | 55.7 | 43.7 | 30.8 | 14.6 | 11.1 | 10.3 |
EBITA margin | 18.4% | 16.9% | 17.8% | 15.7% | 12.4% | 6.6% | 5.8% | 6.5% |
Amortization of intangibles | 11.8 | 10.1 | 5.5 | 5.3 | 4.1 | 4.6 | 4.7 | 3.3 |
EBIT | 71.2 | 55.1 | 50.2 | 38.4 | 26.7 | 10.0 | 6.4 | 7.0 |
EBIT margin | 15.8% | 14.3% | 16.0% | 13.8% | 10.8% | 4.5% | 3.3% | 4.4% |
Pre-tax income | 71.3 | 53.5 | 52.7 | 42.1 | 28.3 | 10.7 | 7.7 | 7.1 |
Income taxes | 16.2 | 8.9 | 7.1 | 8.4 | 4.5 | 10.3 | 2.8 | 2.4 |
Tax rate | 22.7% | 16.7% | 13.5% | 19.9% | 15.8% | 96.7% | 35.7% | 34.4% |
Net income | 55.1 | 44.6 | 45.6 | 33.7 | 23.9 | 0.4 | 5.0 | 4.6 |
Net margin | 12.2% | 11.6% | 14.6% | 12.1% | 9.6% | 0.2% | 2.6% | 2.9% |
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Diluted EPS | $1.49 | $1.21 | $1.26 | $0.94 | $0.68 | $0.01 | $0.29 | $0.27 |
Shares outstanding (diluted) | 37.0 | 37.0 | 36.3 | 36.0 | 35.2 | 34.7 | 17.2 | 17.0 |
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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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