Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-31-19 |
Revenues | 591.0 | 591.0 | 458.3 | 458.3 | 368.1 | 306.1 |
Revenue growth | 28.9% | 28.9% | 24.5% | | 20.3% | |
Cost of goods sold | 215.5 | 215.5 | 174.7 | 174.7 | 148.9 | 110.4 |
Gross profit | 375.5 | 375.5 | 283.6 | 283.6 | 219.2 | 195.7 |
Gross margin | 63.5% | 63.5% | 61.9% | 61.9% | 59.6% | 63.9% |
Sales and marketing | 299.2 | 299.2 | 229.3 | 229.3 | 77.1 | 69.5 |
Research and development | 69.5 | 69.5 | 64.5 | 64.5 | 31.8 | 28.7 |
General and administrative | 213.6 | 213.6 | 189.6 | 189.6 | 70.8 | 73.3 |
EBITA | -234.7 | -258.7 | -225.8 | -245.7 | -0.6 | -10.2 |
EBITA margin | -39.7% | -43.8% | -49.3% | -53.6% | -0.2% | -3.3% |
Amortization of intangibles | 24.0 | | 19.9 | | | |
EBIT | -258.7 | -258.7 | -245.7 | -245.7 | -0.6 | -10.2 |
EBIT margin | -43.8% | -43.8% | -53.6% | -53.6% | -0.2% | -3.3% |
Pre-tax income | -280.7 | -280.7 | -250.2 | -250.2 | -52.3 | -37.5 |
Income taxes | -1.5 | -1.5 | -0.6 | -0.6 | 0.9 | 1.0 |
Tax rate | 0.5% | 0.5% | 0.2% | 0.2% | | |
Net income | -279.2 | -0.3 | -256.6 | -0.3 | -72.8 | -55.7 |
Net margin | -47.3% | 0.0% | -56.0% | -0.1% | -19.8% | -18.2% |
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Diluted EPS | ($2.01) | $0.00 | ($2.95) | $0.00 | ($2.23) | ($1.77) |
Shares outstanding (diluted) | 139.0 | 138,985.3 | 86.9 | 86,932.2 | 32.6 | 31.6 |
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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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