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 | 54.1 | 59.0 | 50.8 | 53.9 | 46.6 | 29.0 | 34.3 | 22.4 |
Revenue growth | -8.3% | 16.2% | -5.8% | 15.8% | 60.5% | -15.4% | 53.0% | 166.4% |
Cost of goods sold | 8.0 | 7.0 | 6.9 | 6.6 | 4.3 | -3.4 | 2.3 | 1.8 |
Gross profit | 46.2 | 52.0 | 43.9 | 47.3 | 42.3 | 32.5 | 32.0 | 20.7 |
Gross margin | 85.3% | 88.1% | 86.3% | 87.7% | 90.8% | 111.8% | 93.2% | 92.1% |
Selling, general and administrative | 57.8 | 52.2 | 44.4 | 52.6 | | | | |
Sales and marketing | 26.0 | 23.1 | 20.4 | 25.7 | 23.5 | 23.2 | 29.4 | 28.1 |
Research and development | | 4.6 | 1.3 | 0.4 | 12.4 | 17.1 | 14.5 | 17.2 |
General and administrative | | | | | 14.5 | 13.0 | 15.3 | 14.2 |
EBIT | -64.2 | -52.6 | -41.9 | -54.2 | -9.7 | -16.5 | -27.8 | -39.0 |
EBIT margin | -118.5% | -89.0% | -82.5% | -100.6% | -20.8% | -56.7% | -81.1% | -173.8% |
Pre-tax income | -18.1 | -3.9 | -5.4 | -10.2 | -16.3 | -21.8 | -33.0 | -30.5 |
Income taxes | 0.0 | 0.4 | -0.1 | 0.2 | 0.1 | 0.2 | 0.2 | -0.1 |
Tax rate | | | 1.3% | | | | | 0.4% |
Net income | -18.1 | -4.4 | -5.3 | -10.4 | 21.9 | -22.0 | -33.2 | -30.6 |
Net margin | -33.5% | -7.4% | -10.5% | -19.4% | 47.1% | -75.8% | -96.6% | -136.6% |
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Diluted EPS | ($2.59) | ($0.66) | ($1.04) | ($2.19) | $3.71 | ($0.33) | ($0.63) | ($0.69) |
Shares outstanding (diluted) | 7.0 | 6.6 | 5.1 | 4.8 | 5.9 | 67.0 | 52.8 | 44.5 |
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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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