Financial Summary (All financials)
In millions, except per share items | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 141.0 | 106.7 | 72.6 |
Revenue growth | 32.2% | 47.0% | |
Cost of goods sold | 79.1 | 60.5 | 41.2 |
Gross profit | 61.9 | 46.1 | 31.4 |
Gross margin | 43.9% | 43.2% | 43.3% |
Sales and marketing | 9.4 | 7.8 | 6.3 |
General and administrative | 29.6 | 21.3 | 19.3 |
EBIT | 20.8 | 15.8 | 4.8 |
EBIT margin | 14.7% | 14.8% | 6.6% |
Pre-tax income | 12.4 | 14.8 | -1.5 |
Income taxes | 9.9 | 6.5 | 1.9 |
Tax rate | 79.6% | 43.7% | |
Net income | 2.5 | 8.3 | -3.4 |
Net margin | 1.8% | 7.8% | -4.6% |
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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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