Financial Summary (All financials)
In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 |
Revenues | 105.4 | 101.9 | 90.2 | 66.5 | 53.4 | 42.5 | 36.2 | 29.8 |
Revenue growth | 3.4% | 13.0% | 35.8% | 24.4% | 25.8% | 17.4% | 21.5% | 48.1% |
Cost of goods sold | 33.6 | 31.5 | 27.4 | 20.3 | 13.3 | 9.4 | 7.5 | 6.7 |
Gross profit | 71.8 | 70.4 | 62.8 | 46.2 | 40.1 | 33.1 | 28.7 | 23.1 |
Gross margin | 68.1% | 69.1% | 69.6% | 69.5% | 75.0% | 78.0% | 79.3% | 77.4% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 26.9 | 25.6 | 24.3 | 17.9 | 14.3 | 11.6 | 10.8 | 9.3 |
Research and development | 27.3 | 28.3 | 28.3 | 17.2 | 11.2 | 8.4 | 8.1 | 8.3 |
General and administrative | 12.3 | 14.0 | 13.0 | 10.9 | 8.4 | 5.8 | 3.7 | 3.9 |
EBITA | 5.3 | 2.5 | -2.7 | 0.2 | 6.2 | 1.4 | 6.2 | 1.5 |
EBITA margin | 5.0% | 2.4% | -3.0% | 0.3% | 11.6% | 3.4% | 17.1% | 5.1% |
Amortization of intangibles | 2.8 | 3.2 | 2.4 | 1.3 | 0.9 | 0.3 | 0.4 | 0.5 |
EBIT | 2.5 | -0.7 | -5.1 | -1.1 | 5.3 | 1.1 | 5.8 | 1.0 |
EBIT margin | 2.4% | -0.7% | -5.7% | -1.6% | 9.9% | 2.7% | 15.9% | 3.3% |
Pre-tax income | 2.8 | -0.5 | -5.1 | -1.1 | 5.6 | 2.9 | 2.6 | 1.1 |
Income taxes | 0.9 | -0.5 | -0.4 | 0.1 | 2.8 | 1.1 | -16.8 | 0.0 |
Tax rate | 33.6% | 87.2% | 7.4% | | 49.5% | 39.0% | | |
Net income | 1.9 | -0.1 | -4.7 | -1.2 | 2.8 | -0.3 | 16.8 | -1.3 |
Net margin | 1.8% | -0.1% | -5.2% | -1.8% | 5.3% | -0.8% | 46.5% | -4.3% |
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Diluted EPS | $0.07 | $0.00 | ($0.21) | ($0.05) | $0.13 | ($0.02) | $1.16 | ($92.61) |
Shares outstanding (diluted) | 27.9 | 26.6 | 23.0 | 22.3 | 22.2 | 15.8 | 14.5 | 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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