In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 238.8 | 186.4 | 180.7 | 230.6 | 200.6 | 140.2 | 104.5 | 133.9 |
Revenue growth | 28.1% | 3.2% | -21.7% | 15.0% | 43.1% | 34.1% | -22.0% | 13.4% |
Cost of goods sold | 0.0 | 0.0 | -139.3 | 115.7 | 117.9 | 79.9 | 59.3 | 55.8 |
Gross profit | 238.8 | 186.4 | 320.0 | 114.9 | 82.7 | 60.3 | 45.3 | 78.2 |
Gross margin | 100.0% | 100.0% | 177.1% | 49.8% | 41.2% | 43.0% | 43.3% | 58.4% |
Sales and marketing | 24.6 | 18.1 | 31.8 | 35.3 | 19.9 | 14.6 | 12.4 | 13.5 |
Research and development | 61.9 | 55.5 | 68.6 | 76.8 | 66.9 | 61.2 | 35.8 | 29.3 |
General and administrative | 36.9 | 33.9 | 38.9 | 40.8 | 36.5 | 26.0 | 28.6 | 26.9 |
EBITA | -3.2 | -17.6 | -55.2 | -37.1 | -40.4 | -39.5 | -19.4 | 46.9 |
EBITA margin | -1.3% | -9.4% | -30.6% | -16.1% | -20.2% | -28.2% | -18.5% | 35.0% |
Amortization of intangibles | 1.1 | 1.2 | 1.2 | 1.2 | 2.1 | 2.2 | 12.1 | 38.7 |
EBIT | -4.3 | -18.8 | -56.4 | -38.3 | -42.5 | -41.7 | -31.5 | 8.2 |
EBIT margin | -1.8% | -10.1% | -31.2% | -16.6% | -21.2% | -29.7% | -30.2% | 6.1% |
Pre-tax income | 1.0 | -13.0 | -48.7 | -40.9 | -46.5 | -33.3 | -22.3 | 28.7 |
Income taxes | -0.1 | 1.1 | 4.7 | -0.1 | -2.3 | -2.5 | -3.7 | 0.5 |
Tax rate | | | | 0.2% | 4.8% | 7.4% | 16.8% | 1.6% |
Earnings from continuing ops | 1.2 | -13.8 | -53.2 | -81.4 | -88.4 | -61.5 | -35.8 | -87.0 |
Earnings from discontinued ops | | | | 1.3 | 6.4 | 6.6 | 4.1 | -18.4 |
Net income | 1.2 | -13.8 | -53.2 | -80.1 | -82.0 | -54.9 | -31.7 | -105.4 |
Net margin | 0.5% | -7.4% | -29.4% | -34.7% | -40.9% | -39.2% | -30.4% | -78.7% |
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Diluted EPS | $0.00 | ($0.04) | ($0.16) | ($0.24) | ($0.27) | ($0.18) | ($0.11) | ($0.45) |
Shares outstanding (diluted) | 336.0 | 337.4 | 337.8 | 335.0 | 331.7 | 334.2 | 336.0 | 194.7 |
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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. |