Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 191.5 | 0.0 | 159.1 | 143.4 | 131.8 | 128.9 | 133.2 | 138.7 |
Revenue growth | | -100.0% | 10.9% | 8.8% | 2.3% | -3.2% | -4.0% | -5.4% |
Cost of goods sold | 76.9 | 0.0 | 58.0 | 56.0 | 51.8 | 55.5 | 61.1 | 56.7 |
Gross profit | 114.6 | 0.0 | 101.1 | 87.5 | 80.0 | 73.3 | 72.1 | 82.0 |
Gross margin | 59.9% | | 63.6% | 61.0% | 60.7% | 56.9% | 54.1% | 59.1% |
Selling, general and administrative | | 0.0 | | | 97.3 | 101.1 | 110.6 | 88.2 |
Sales and marketing | 107.3 | 0.0 | 83.4 | 75.2 | | | | |
Research and development | 22.0 | | 15.1 | 12.1 | 12.2 | 11.4 | 8.4 | 8.5 |
General and administrative | 42.9 | 0.0 | 33.6 | 30.2 | | | | |
EBITA | -57.7 | 4.2 | -28.8 | -26.6 | -25.9 | -36.3 | -44.2 | -12.1 |
EBITA margin | -30.1% | | -18.1% | -18.6% | -19.6% | -28.2% | -33.2% | -8.8% |
Amortization of intangibles | 3.3 | 4.2 | 5.4 | 6.5 | 6.8 | 7.2 | 8.0 | 8.2 |
EBIT | -61.0 | 0.0 | -34.2 | -33.1 | -32.7 | -43.5 | -52.2 | -20.3 |
EBIT margin | -31.9% | | -21.5% | -23.1% | -24.8% | -33.8% | -39.2% | -14.7% |
Pre-tax income | -55.4 | 0.0 | -38.9 | -33.4 | -32.2 | -43.8 | -53.1 | -20.6 |
Income taxes | -1.1 | 0.0 | 0.4 | 0.1 | -0.1 | -0.6 | 2.5 | 3.9 |
Tax rate | 2.0% | | | | 0.4% | 1.3% | | |
Net income | -54.3 | 0.0 | -39.3 | -33.5 | -32.1 | -43.2 | -55.5 | -24.5 |
Net margin | -28.4% | | -24.7% | -23.4% | -24.4% | -33.5% | -41.7% | -17.7% |
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Diluted EPS | ($1.62) | $0.00 | ($2.07) | ($2.18) | ($2.58) | ($3.85) | ($4.99) | ($2.22) |
Shares outstanding (diluted) | 33.6 | 27.2 | 19.0 | 15.4 | 12.4 | 11.2 | 11.1 | 11.0 |
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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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