DATTO HOLDING CORP. (MSP) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18
	10-K	10-K	10-K	10-K
Revenues:
UNITED KINGDOM	64.6	51.6	45.0
Non-US	121.9	90.9	76.8	90.1
United States	432.1	376.4	336.9	297.2
Total revenues	618.7	518.8	458.8	387.4
Revenue growth [+]	19.3%	13.1%	18.4%
UNITED KINGDOM	25.3%	14.6%
Non-US	34.2%	18.3%	-14.8%
United States	14.8%	11.7%	13.4%
Cost of goods sold	185.8	155.2	162.0	144.9
Gross profit	432.8	363.6	296.7	242.5
Gross margin	70.0%	70.1%	64.7%	62.6%
Selling, general and administrative [+]	245.7	201.5	184.3	156.1
Sales and marketing	139.3	115.8	110.4	98.2
General and administrative	106.5	85.7	73.9	57.9
Research and development	107.9	78.9	60.5	54.0
Other operating expenses	-9.5	-5.0	-4.7	-5.0
EBITDA [+]	121.4	110.1	72.4	50.3
EBITDA growth	10.3%	52.1%	43.9%
EBITDA margin	19.6%	21.2%	15.8%	13.0%
Depreciation	41.5	31.4	25.3	21.4
EBITA	79.9	78.7	47.1	28.9
EBITA margin	12.9%	15.2%	10.3%	7.5%
Amortization of intangibles	17.7	17.7	17.9	20.5
EBIT [+]	62.2	61.0	29.2	8.4
EBIT growth	2.0%	108.6%	247.2%
EBIT margin	10.1%	11.8%	6.4%	2.2%
Interest expense	0.5	25.3	43.4	55.4
Interest expense	0.5	25.3	43.4	55.4
Other income (expense), net [+]	-0.4	-5.1	-19.5	-0.8
Gain (loss) on debt retirement		-8.5	-19.2
Other	-0.4	3.4	-0.3	-0.8
Pre-tax income	61.4	30.6	-33.7	-47.8
Income taxes	9.9	8.1	-2.5	-10.0
Tax rate	16.2%	26.4%	7.5%	21.0%
Net income	51.4	22.5	-31.2	-37.7
Net margin	8.3%	4.3%	-6.8%	-9.7%

Basic EPS [+]	$0.32	$0.16	($0.23)	($0.28)
Growth	98.1%	-169.5%	-17.1%
Diluted EPS [+]	$0.31	$0.16	($0.23)	($0.28)
Growth	96.6%	-168.4%	-17.1%

Shares outstanding (basic) [+]	162.0	140.4	135.2	135.5
Growth	15.4%	3.8%	-0.2%
Shares outstanding (diluted) [+]	165.8	142.5	135.2	135.5
Growth	16.3%	5.4%	-0.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.