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 | 30.2 | 26.5 | 24.0 | 23.0 | 21.2 | 25.2 | 21.8 | 22.2 |
Revenue growth | 13.9% | 10.5% | 4.4% | 8.5% | -15.9% | 15.7% | -1.8% | -13.5% |
Cost of goods sold | 14.9 | 8.8 | 7.9 | 8.0 | 8.4 | 8.6 | 8.5 | 8.9 |
Gross profit | 15.3 | 17.7 | 16.1 | 15.0 | 12.8 | 16.7 | 13.3 | 13.2 |
Gross margin | 50.7% | 66.9% | 66.9% | 65.0% | 60.2% | 66.1% | 61.0% | 59.7% |
Sales and marketing | 29.7 | 20.4 | 18.8 | 19.9 | 19.1 | 16.6 | 11.9 | 9.3 |
Research and development | 26.5 | 17.5 | 17.3 | 16.5 | 16.0 | 15.4 | 13.4 | 12.5 |
General and administrative | 18.9 | 19.6 | 12.7 | 12.3 | 9.9 | 9.7 | 8.3 | 8.0 |
EBITA | -55.7 | -39.3 | -32.3 | -33.2 | -33.0 | -25.8 | -21.2 | -17.3 |
EBITA margin | -184.6% | -148.2% | -134.4% | -144.3% | -155.8% | -102.4% | -97.4% | -77.8% |
Amortization of intangibles | 6.1 | 0.6 | 0.6 | 0.6 | 0.5 | 0.7 | 0.7 | 0.7 |
EBIT | -61.8 | -39.9 | -32.8 | -33.7 | -33.5 | -26.6 | -21.9 | -18.0 |
EBIT margin | -204.7% | -150.3% | -136.8% | -146.7% | -158.2% | -105.4% | -100.6% | -81.0% |
Pre-tax income | -59.7 | -34.7 | -32.5 | -32.8 | -32.5 | -26.0 | -21.7 | -17.9 |
Income taxes | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | -0.2 | 0.0 | 0.1 |
Tax rate | | | | | | 0.8% | | |
Net income | -59.8 | -34.8 | -44.0 | -32.8 | -32.5 | -25.8 | -21.7 | -17.9 |
Net margin | -198.0% | -131.1% | -183.3% | -142.9% | -153.4% | -102.2% | -99.4% | -80.8% |
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Diluted EPS | ($3.12) | ($2.11) | ($3.41) | ($2.79) | ($2.86) | ($2.44) | ($2.36) | ($2.19) |
Shares outstanding (diluted) | 19.1 | 16.5 | 12.9 | 11.8 | 11.4 | 10.6 | 9.2 | 8.2 |
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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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