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 |
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% | |
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% |
Sales and marketing | 44.5 | 41.8 | 37.8 | 46.3 | 42.7 | 37.2 | 29.6 |
Research and development | | | | | 38.9 | 32.2 | 26.3 |
General and administrative | | | | | 18.8 | 17.6 | 13.2 |
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 margin | 6.0% | 9.4% | 6.7% | -2.7% | 2.6% | 6.9% | 6.7% |
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% |
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% |
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Diluted EPS | $0.72 | $1.31 | $0.70 | ($0.89) | ($0.11) | $0.67 | $29.48 |
Shares outstanding (diluted) | 28.0 | 28.6 | 26.4 | 19.7 | 13.6 | 13.6 | 0.1 |
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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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