Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
Revenues | 86.2 | 62.1 | 54.5 | 48.2 | 35.7 | 15.2 | 10.1 | 9.5 |
Revenue growth | 38.9% | 14.0% | 13.1% | 35.1% | | 50.6% | 6.6% | |
Cost of goods sold | 10.7 | 9.9 | 8.8 | 7.3 | 2.4 | 1.5 | 2.0 | 3.1 |
Gross profit | 75.5 | 52.2 | 45.7 | 40.9 | 33.2 | 13.7 | 8.1 | 6.4 |
Gross margin | 87.5% | 84.1% | 83.9% | 84.9% | 93.2% | 90.4% | 80.6% | 67.5% |
Sales and marketing | 44.4 | 35.9 | 35.1 | 27.4 | 19.1 | 5.9 | 3.8 | 3.5 |
Research and development | 16.9 | 14.0 | 13.3 | 11.1 | | 5.0 | 2.5 | 1.9 |
General and administrative | 6.6 | 5.2 | 4.6 | 4.9 | 3.9 | 2.8 | 1.9 | 1.6 |
EBITA | 8.5 | -1.5 | -4.9 | 0.4 | -0.1 | 0.9 | 1.1 | 1.8 |
EBITA margin | 9.8% | -2.4% | -9.0% | 0.8% | -0.2% | 6.0% | 10.7% | 18.6% |
Amortization of intangibles | 0.9 | 1.3 | 2.4 | 2.9 | | 0.8 | 1.1 | 2.3 |
EBIT | 7.5 | -2.9 | -7.3 | -2.5 | -0.1 | 0.1 | 0.0 | -0.6 |
EBIT margin | 8.7% | -4.6% | -13.3% | -5.2% | -0.2% | 0.5% | -0.4% | -6.2% |
Pre-tax income | 7.9 | -3.0 | -11.4 | -3.1 | -1.0 | -1.2 | -1.4 | -1.3 |
Income taxes | 1.9 | 3.8 | -0.7 | 0.5 | 0.7 | -0.4 | 0.1 | 0.0 |
Tax rate | 24.4% | | 6.4% | | | 32.9% | | |
Net income | 6.0 | -6.7 | -10.7 | -3.6 | -1.7 | -0.8 | -1.5 | -1.3 |
Net margin | 6.9% | -10.8% | -19.6% | -7.5% | -4.7% | -5.4% | -14.9% | -13.8% |
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Diluted EPS | $0.27 | ($0.39) | ($0.64) | ($0.22) | ($0.11) | ($0.02) | ($0.05) | ($0.05) |
Shares outstanding (diluted) | 22.0 | 17.3 | 16.7 | 16.2 | 15.0 | 34.6 | 32.0 | 28.5 |
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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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