Financial Summary (All financials)
In millions, except per share items | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 119.1 | 97.0 | 71.1 | 54.0 | 41.4 |
Revenue growth | 22.8% | 36.4% | 31.6% | 30.4% | |
Cost of goods sold | 38.1 | 30.0 | 18.9 | 13.4 | 8.8 |
Gross profit | 81.1 | 67.0 | 52.2 | 40.6 | 32.6 |
Gross margin | 68.1% | 69.1% | 73.5% | 75.2% | 78.7% |
Sales and marketing | 52.4 | 45.0 | 30.5 | 22.5 | 17.7 |
Research and development | 31.6 | 25.8 | 19.6 | 12.3 | 7.9 |
General and administrative | 18.7 | 12.1 | 7.6 | 4.6 | 4.2 |
EBITA | -20.9 | -15.3 | -5.0 | 1.7 | 2.8 |
EBITA margin | -17.6% | -15.8% | -7.0% | 3.1% | 6.7% |
Amortization of intangibles | 0.7 | 0.5 | 0.5 | 0.4 | |
EBIT | -21.7 | -15.8 | -5.5 | 1.2 | 2.8 |
EBIT margin | -18.2% | -16.3% | -7.8% | 2.3% | 6.7% |
Pre-tax income | -22.2 | -16.6 | -5.4 | 1.2 | 2.9 |
Income taxes | 0.8 | 0.2 | 0.1 | 0.1 | 0.1 |
Tax rate | | | | 9.4% | 4.5% |
Net income | -23.1 | -19.2 | -10.5 | -3.9 | -2.3 |
Net margin | -19.4% | -19.8% | -14.7% | -7.2% | -5.4% |
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Diluted EPS | ($0.94) | ($1.37) | ($3.12) | ($1.36) | ($1.03) |
Shares outstanding (diluted) | 24.4 | 14.0 | 3.4 | 2.9 | 2.2 |
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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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