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 | 157.6 | 277.4 | 222.2 | 175.7 | 160.0 | 125.3 | 95.4 | 65.2 |
Revenue growth | -43.2% | 24.9% | 26.5% | 9.8% | 27.7% | 31.4% | 46.2% | |
Cost of goods sold | 173.2 | 218.5 | 181.5 | 142.7 | 120.9 | 95.7 | 61.0 | 34.5 |
Gross profit | -15.6 | 58.9 | 40.7 | 33.0 | 39.1 | 29.5 | 34.3 | 30.7 |
Gross margin | -9.9% | 21.2% | 18.3% | 18.8% | 24.4% | 23.6% | 36.0% | 47.1% |
Sales and marketing | 44.6 | 52.9 | 38.0 | 43.0 | 32.1 | 25.9 | 28.3 | 31.4 |
Research and development | 9.2 | 9.5 | 5.3 | 5.6 | 10.7 | 5.8 | 8.6 | 8.1 |
General and administrative | 51.7 | 39.6 | 31.6 | 20.3 | 23.8 | 13.0 | 26.8 | 12.7 |
EBITA | -115.5 | -9.8 | 2.3 | -7.8 | -23.3 | -11.0 | -25.0 | -19.5 |
EBITA margin | -73.3% | -3.5% | 1.0% | -4.4% | -14.6% | -8.7% | -26.2% | -29.9% |
Amortization of intangibles | 3.0 | 3.2 | 4.2 | 4.8 | 4.2 | 4.2 | 4.3 | 2.0 |
EBIT | -118.5 | -13.0 | -1.9 | -12.5 | -27.5 | -15.2 | -29.3 | -21.6 |
EBIT margin | -75.2% | -4.7% | -0.8% | -7.1% | -17.2% | -12.1% | -30.7% | -33.1% |
Pre-tax income | -202.7 | -16.5 | -14.8 | -10.4 | -32.0 | -24.1 | -27.1 | -40.2 |
Income taxes | 11.2 | -2.5 | -1.6 | 0.0 | 0.7 | 0.5 | 0.2 | 0.6 |
Tax rate | | 15.4% | 11.0% | 0.5% | | | | |
Net income | -215.8 | -16.9 | -15.5 | -9.6 | -32.4 | -29.9 | -29.7 | -41.8 |
Net margin | -136.9% | -6.1% | -7.0% | -5.5% | -20.3% | -23.9% | -31.1% | -64.1% |
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Diluted EPS | ($2.14) | ($0.35) | ($0.39) | ($0.34) | ($1.23) | ($2.15) | ($2.26) | ($3.58) |
Shares outstanding (diluted) | 100.8 | 48.2 | 39.4 | 28.6 | 26.5 | 13.9 | 13.2 | 11.7 |
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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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