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 | 62.1 | 99.9 | 68.8 | 77.4 | 89.8 | 78.1 | 79.9 | 66.9 |
Revenue growth | -37.9% | 45.2% | -11.2% | -13.8% | 14.9% | -2.2% | 19.5% | 38.8% |
Cost of goods sold | 38.8 | 34.2 | 35.0 | 40.7 | 41.3 | 49.3 | 53.2 | 45.1 |
Gross profit | 23.2 | 65.7 | 33.7 | 36.7 | 48.5 | 28.8 | 26.7 | 21.8 |
Gross margin | 37.4% | 65.8% | 49.0% | 47.4% | 54.0% | 36.9% | 33.4% | 32.6% |
Sales and marketing | 25.3 | 24.9 | 22.6 | 28.5 | 39.0 | 38.8 | 41.1 | 37.6 |
Research and development | 15.3 | 14.8 | 11.9 | 12.5 | 16.9 | 17.1 | 16.6 | 17.0 |
General and administrative | 28.8 | 29.0 | 24.2 | 20.9 | 24.6 | 28.7 | 25.2 | 23.2 |
EBIT | -46.3 | -3.0 | -25.1 | -25.1 | -32.0 | -55.8 | -56.1 | -56.0 |
EBIT margin | -74.6% | -3.0% | -36.5% | -32.5% | -35.6% | -71.5% | -70.3% | -83.7% |
Pre-tax income | -50.5 | -2.3 | -24.3 | -28.4 | -43.3 | -53.4 | -57.5 | -57.2 |
Income taxes | 0.0 | 0.1 | 0.0 | 0.0 | 0.1 | 0.2 | 0.1 | 0.0 |
Tax rate | 0.0% | | | | | | | |
Net income | -50.5 | -2.4 | -24.3 | -28.5 | -43.4 | -53.6 | -57.6 | -57.2 |
Net margin | -81.3% | -2.4% | -35.3% | -36.8% | -48.3% | -68.6% | -72.1% | -85.6% |
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Diluted EPS | ($6.99) | ($0.36) | ($0.34) | ($0.44) | ($0.74) | ($1.24) | ($1.39) | ($2.60) |
Shares outstanding (diluted) | 7.2 | 6.7 | 71.7 | 64.1 | 58.9 | 43.3 | 41.5 | 22.0 |
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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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