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 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | S-1/A |
Revenues: |
Point-to-MultiPoint | | | | | | 142.0 | |
North America | | | | | 108.9 | 100.7 | |
United States | 132.9 | 165.3 | 140.7 | 121.3 | 101.5 | 90.9 | |
Europe, Middle East and Africa | | | | | 75.5 | 68.2 | |
Other | 164.0 | 170.6 | 137.8 | 145.7 | | | |
Total revenues | 296.9 | 335.9 | 278.5 | 267.0 | 241.8 | 216.7 | 181.4 |
Revenue growth [+] | -11.6% | 20.6% | 4.3% | 10.5% | 11.6% | 19.4% | |
North America | | | | | 8.2% | | |
United States | -19.6% | 17.5% | 16.0% | 19.5% | 11.7% | | |
Europe, Middle East and Africa | | | | | 10.7% | | |
Point-to-Point | | | | | 27.7% | | |
Cost of goods sold | 151.8 | 175.1 | 139.0 | 135.8 | 126.3 | 106.0 | 91.7 |
Gross profit | 145.1 | 160.8 | 139.4 | 131.2 | 115.5 | 110.7 | 89.7 |
Gross margin | 48.9% | 47.9% | 50.1% | 49.1% | 47.8% | 51.1% | 49.5% |
Selling, general and administrative [+] | 44.5 | 41.8 | 37.8 | 46.3 | 61.5 | 54.8 | 42.8 |
Sales and marketing | 44.5 | 41.8 | 37.8 | 46.3 | 42.7 | 37.2 | 29.6 |
General and administrative | | | | | 18.8 | 17.6 | 13.2 |
Research and development | | | | | 38.9 | 32.2 | 26.3 |
Other operating expenses | 82.8 | 87.3 | 83.0 | 92.2 | | | |
EBITDA [+] | 23.9 | 37.9 | 25.3 | -1.3 | 15.4 | 23.7 | 27.3 |
EBITDA growth | -37.0% | 49.6% | -1977.6% | -108.8% | -35.3% | -13.2% | |
EBITDA margin | 8.0% | 11.3% | 9.1% | -0.5% | 6.4% | 11.0% | 15.1% |
Depreciation | 4.4 | 4.1 | 4.4 | 4.3 | 4.8 | 4.1 | 8.4 |
EBITA | 19.5 | 33.8 | 20.9 | -5.6 | 10.6 | 19.7 | 18.9 |
EBITA margin | 6.6% | 10.1% | 7.5% | -2.1% | 4.4% | 9.1% | 10.4% |
Amortization of intangibles | 1.6 | 2.1 | 2.2 | 1.6 | 4.2 | 4.8 | 6.7 |
EBIT [+] | 17.9 | 31.7 | 18.7 | -7.2 | 6.4 | 14.9 | 12.2 |
EBIT growth | -43.6% | 69.8% | -359.1% | -213.5% | -57.3% | 22.0% | |
EBIT margin | 6.0% | 9.4% | 6.7% | -2.7% | 2.6% | 6.9% | 6.7% |
Interest expense | | | | | 8.1 | 5.0 | 7.6 |
Interest expense | 2.0 | 4.3 | 5.3 | 8.1 | 8.1 | 5.0 | 7.6 |
Other income (expense), net [+] | 2.1 | 4.5 | 4.8 | 8.0 | -0.6 | -0.5 | -0.2 |
Other non-ooperating expenses | | | | | | 0.5 | |
Other | 0.1 | 0.2 | -0.5 | -0.1 | -0.6 | -0.5 | -0.2 |
Pre-tax income | 18.0 | 31.9 | 18.1 | -7.3 | -2.3 | 9.4 | 4.5 |
Income taxes | -2.2 | -5.5 | -0.4 | 10.3 | -0.8 | -0.4 | 1.5 |
Tax rate | | | | | 34.6% | | 34.7% |
Minority interest | | | | | | 0.7 | 0.6 |
Net income | 20.2 | 37.4 | 18.6 | -17.6 | -1.5 | 9.1 | 2.9 |
Net margin | 6.8% | 11.1% | 6.7% | -6.6% | -0.6% | 4.2% | 1.6% |
|
Basic EPS [+] | $0.75 | $1.42 | $0.72 | ($0.89) | ($0.11) | $0.67 | $29.48 |
Growth | -47.0% | 96.0% | -181.0% | 701.4% | -116.6% | -97.7% | |
Diluted EPS [+] | $0.72 | $1.31 | $0.70 | ($0.89) | ($0.11) | $0.67 | $29.48 |
Growth | -44.9% | 85.8% | -178.9% | 701.4% | -116.6% | -97.7% | |
|
|
Shares outstanding (basic) [+] | 26.9 | 26.4 | 25.7 | 19.7 | 13.6 | 13.6 | 0.1 |
Growth | 1.9% | 2.8% | 30.2% | 45.2% | 0.0% | 13663.8% | |
Shares outstanding (diluted) [+] | 28.0 | 28.6 | 26.4 | 19.7 | 13.6 | 13.6 | 0.1 |
Growth | -2.1% | 8.4% | 33.7% | 45.2% | 0.0% | 13663.8% | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |