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 | 514.8 | 469.6 | 366.6 | 291.6 | 249.8 | 218.9 | 222.8 | 239.0 |
| Revenue growth | 9.6% | 28.1% | 25.7% | 16.7% | 14.1% | -1.8% | -6.8% | 13.9% |
| Cost of goods sold | 184.7 | 156.9 | 106.3 | 160.7 | 62.5 | 58.2 | 63.2 | 70.3 |
| Gross profit | 330.1 | 312.7 | 260.4 | 130.9 | 187.4 | 160.7 | 159.6 | 168.7 |
| Gross margin | 64.1% | 66.6% | 71.0% | 44.9% | 75.0% | 73.4% | 71.6% | 70.6% |
| Selling, general and administrative | | | | | | | | |
| Sales and marketing | 214.0 | 165.4 | 149.8 | 156.8 | 103.3 | 90.9 | 89.5 | 94.7 |
| Research and development | 193.7 | 158.4 | 108.4 | 82.1 | 55.7 | 40.0 | 40.2 | 39.0 |
| General and administrative | 120.6 | 76.8 | 60.6 | 57.0 | 45.9 | 43.1 | 43.0 | 37.2 |
| EBITA | -183.5 | -84.3 | -57.2 | -82.1 | -16.4 | -10.6 | -10.4 | 1.0 |
| EBITA margin | -35.6% | -17.9% | -15.6% | -28.2% | -6.6% | -4.8% | -4.7% | 0.4% |
| Amortization of intangibles | 18.4 | 5.6 | 2.8 | 2.9 | 2.8 | 4.7 | 6.7 | 8.0 |
| EBIT | -201.9 | -89.9 | -60.0 | -85.0 | -19.2 | -15.2 | -17.0 | -7.0 |
| EBIT margin | -39.2% | -19.1% | -16.4% | -29.1% | -7.7% | -7.0% | -7.6% | -2.9% |
| Pre-tax income | -222.3 | -129.8 | -102.7 | -90.4 | -24.2 | -17.7 | -19.9 | -10.6 |
| Income taxes | 1.7 | -2.4 | 2.5 | 2.8 | 0.9 | 0.5 | 5.9 | 15.8 |
| Tax rate | | 1.9% | | | | | | |
| Net income | -224.0 | -127.4 | -105.1 | -93.2 | -25.0 | -18.2 | -25.9 | -26.4 |
| Net margin | -43.5% | -27.1% | -28.7% | -32.0% | -10.0% | -8.3% | -11.6% | -11.1% |
| |
| Diluted EPS | ($3.01) | ($1.83) | ($1.60) | ($1.49) | ($0.42) | ($0.32) | ($0.46) | ($0.47) |
| Shares outstanding (diluted) | 74.5 | 69.6 | 65.9 | 62.6 | 59.2 | 56.4 | 56.1 | 56.5 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|