In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 553.5 | 331.5 | 181.1 |
Revenue growth | 66.9% | 83.1% | |
Cost of goods sold | 89.2 | 57.8 | 34.7 |
Gross profit | 464.2 | 273.7 | 146.5 |
Gross margin | 83.9% | 82.6% | 80.9% |
Sales and marketing | 208.7 | 119.3 | 37.2 |
Research and development | 90.5 | 51.6 | 37.5 |
General and administrative | 82.6 | 28.7 | 28.5 |
EBITA | 89.0 | 76.5 | 46.4 |
EBITA margin | 16.1% | 23.1% | 25.6% |
Amortization of intangibles | 6.6 | 2.4 | 3.1 |
EBIT | 82.4 | 74.1 | 43.3 |
EBIT margin | 14.9% | 22.3% | 23.9% |
Pre-tax income | 80.4 | 69.7 | 40.6 |
Income taxes | 20.5 | 10.9 | 7.8 |
Tax rate | 25.6% | 15.6% | 19.3% |
Earnings from continuing ops | 59.8 | 58.8 | 32.7 |
Earnings from discontinued ops | | 36.5 | 51.2 |
Net income | 59.8 | 95.3 | 84.0 |
Net margin | 10.8% | 28.7% | 46.4% |
|
Diluted EPS | $0.07 | $0.09 | $0.04 |
Shares outstanding (diluted) | 911.1 | 681.9 | 764.2 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |