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 | 445.7 | 192.5 | 220.1 | 230.0 | 210.2 | 195.9 | 164.4 | 157.9 |
Revenue growth | 131.6% | -12.5% | -4.3% | 9.5% | 7.3% | 19.2% | 4.1% | 134.5% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 445.7 | 192.5 | 220.1 | 230.0 | 210.2 | 195.9 | 164.4 | 157.9 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
General and administrative | 19.9 | 16.1 | 15.1 | 15.0 | 12.6 | 12.0 | 12.1 | 10.4 |
EBIT | 159.3 | -20.8 | 12.0 | 16.2 | -16.0 | 8.5 | 24.0 | 44.3 |
EBIT margin | 35.7% | -10.8% | 5.5% | 7.0% | -7.6% | 4.3% | 14.6% | 28.1% |
Pre-tax income | 138.9 | -36.4 | -5.8 | -22.8 | -42.8 | -12.4 | 3.8 | 32.0 |
Income taxes | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 |
Tax rate | 0.1% | | | | | | 1.6% | 0.2% |
Net income | 135.1 | -38.1 | -6.0 | -22.9 | -42.9 | -12.5 | 3.7 | 32.0 |
Net margin | 30.3% | -19.8% | -2.7% | -9.9% | -20.4% | -6.4% | 2.3% | 20.2% |
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Diluted EPS | $3.52 | ($1.12) | ($0.18) | ($0.69) | ($1.31) | ($0.37) | $0.12 | $1.23 |
Shares outstanding (diluted) | 38.4 | 33.9 | 33.2 | 33.1 | 32.8 | 33.4 | 30.1 | 26.1 |
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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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