Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
Revenues | 630.6 | 630.6 | 518.8 | 518.8 | 498.7 | 511.5 | |
Revenue growth | 21.5% | 21.5% | 4.0% | | -2.5% | | |
Cost of goods sold | 247.9 | 247.9 | 191.4 | 191.4 | 176.3 | 0.0 | |
Gross profit | 382.7 | 382.7 | 327.4 | 327.4 | 322.5 | 511.5 | |
Gross margin | 60.7% | 60.7% | 63.1% | 63.1% | 64.7% | 100.0% | |
Sales and marketing | 177.0 | 177.0 | 135.6 | 135.6 | 128.4 | 155.8 | |
Research and development | 130.6 | 130.6 | 96.6 | 96.6 | 87.9 | | |
General and administrative | 102.5 | 102.5 | 88.2 | 88.2 | 80.6 | | |
EBITA | -27.4 | -76.1 | 6.9 | -44.6 | 25.6 | 413.4 | |
EBITA margin | -4.3% | -12.1% | 1.3% | -8.6% | 5.1% | 80.8% | |
Amortization of intangibles | 48.6 | | 51.5 | | 53.8 | 57.7 | |
EBIT | -76.1 | -76.1 | -44.6 | -44.6 | -28.2 | 355.7 | |
EBIT margin | -12.1% | -12.1% | -8.6% | -8.6% | -5.7% | 69.5% | |
Pre-tax income | -88.9 | -88.9 | -79.0 | -79.0 | -75.9 | -97.8 | |
Income taxes | 11.4 | 11.4 | 7.0 | 7.0 | 7.9 | 0.0 | |
Tax rate | | | | | | 0.0% | |
Net income | -100.3 | -100.3 | -86.1 | -86.1 | -83.7 | -91.8 | |
Net margin | -15.9% | -15.9% | -16.6% | -16.6% | -16.8% | -17.9% | |
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Diluted EPS | ($0.21) | ($0.21) | ($0.20) | ($0.20) | ($0.20) | ($0.22) | |
Shares outstanding (diluted) | 483.0 | 483.0 | 420.7 | 420.7 | 416.2 | 413.1 | |
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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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