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 | 1,083.8 | 897.6 | 757.7 | 680.3 | 542.2 | 419.4 | 337.0 | 143.2 |
Revenue growth | 20.7% | 18.5% | 11.4% | 25.5% | 29.3% | 24.5% | 135.2% | 57.5% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 5.1 |
Gross profit | 1,083.8 | 897.6 | 757.7 | 680.3 | 542.2 | 419.4 | 337.0 | 138.2 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 96.4% |
Sales and marketing | 345.3 | 274.4 | 220.0 | 184.2 | 148.3 | 126.7 | 93.8 | 66.2 |
EBITA | -114.9 | -98.5 | 2.1 | 83.5 | 62.8 | 33.8 | 41.0 | 31.4 |
EBITA margin | -10.6% | -11.0% | 0.3% | 12.3% | 11.6% | 8.1% | 12.2% | 21.9% |
Amortization of intangibles | 6.7 | 5.8 | 8.8 | 5.6 | 6.4 | 5.3 | 4.5 | 1.1 |
EBIT | -121.6 | -104.3 | -6.8 | 77.9 | 56.4 | 28.5 | 36.4 | 30.3 |
EBIT margin | -11.2% | -11.6% | -0.9% | 11.4% | 10.4% | 6.8% | 10.8% | 21.1% |
Pre-tax income | -137.0 | -91.3 | -0.4 | 70.1 | 51.8 | 24.4 | 36.2 | 31.7 |
Income taxes | -6.7 | -7.4 | 5.4 | 7.0 | 4.8 | 8.4 | 8.1 | 5.9 |
Tax rate | 4.9% | 8.1% | | 10.0% | 9.2% | 34.4% | 22.3% | 18.7% |
Net income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 16.0 | 0.0 | 0.0 |
Net margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.8% | 0.0% | 0.0% |
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Diluted EPS | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 |
Shares outstanding (diluted) | 40.6 | 39.6 | 38.6 | 38.9 | 37.1 | 36.2 | 35.8 | 35.3 |
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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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