Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
Revenues | 226.4 | 202.1 | 151.3 | 141.4 | 179.9 | 90.6 | 38.7 | 13.2 |
Revenue growth | 12.0% | 33.6% | 7.0% | -21.4% | 98.5% | 134.3% | 193.6% | |
Cost of goods sold | 0.0 | 148.5 | 152.9 | 182.8 | 95.1 | 84.6 | 40.0 | 20.8 |
Gross profit | 226.4 | 53.6 | -1.6 | -41.5 | 84.8 | 6.0 | -1.3 | -7.6 |
Gross margin | 100.0% | 26.5% | -1.1% | -29.3% | 47.1% | 6.6% | -3.4% | -57.6% |
Sales and marketing | 50.5 | 44.1 | 52.8 | 67.0 | 60.6 | 33.2 | 18.1 | 6.6 |
General and administrative | 63.8 | 61.3 | 41.9 | 48.3 | 45.3 | 21.7 | 12.2 | 6.9 |
EBITA | 20.6 | 24.6 | -14.9 | -52.6 | -1.9 | -7.1 | -19.3 | -16.6 |
EBITA margin | 9.1% | 12.2% | -9.8% | -37.2% | -1.1% | -7.8% | -50.0% | -126.1% |
Amortization of intangibles | 0.5 | | | | | | | |
EBIT | 20.1 | 24.6 | -14.9 | -52.6 | -1.9 | -7.1 | -19.3 | -16.6 |
EBIT margin | 8.9% | 12.2% | -9.8% | -37.2% | -1.1% | -7.8% | -50.0% | -126.1% |
Pre-tax income | 20.1 | 24.6 | -14.9 | -85.5 | -2.2 | -18.7 | -24.4 | -16.8 |
Income taxes | -3.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | 28.0 | 27.0 | -12.1 | -83.0 | -1.3 | -18.7 | -37.1 | 0.0 |
Net margin | 12.3% | 13.4% | -8.0% | -58.7% | -0.7% | -20.6% | -95.9% | -0.2% |
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Diluted EPS | $0.36 | $0.34 | ($0.17) | ($1.17) | ($0.02) | ($0.36) | ($8.64) | ($4.27) |
Shares outstanding (diluted) | 77.0 | 78.5 | 72.9 | 70.9 | 69.5 | 52.6 | 4.3 | 0.0 |
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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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