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 | 293.4 | 286.5 | 250.0 | 252.1 | 234.4 | 211.4 | 196.6 | 216.6 |
Revenue growth | 2.4% | 14.6% | -0.8% | 7.5% | 10.9% | 7.5% | -9.2% | -2.4% |
Cost of goods sold | 53.9 | 52.4 | 45.1 | 45.2 | 41.7 | 39.6 | 35.7 | 38.2 |
Gross profit | 239.5 | 234.1 | 204.9 | 206.9 | 192.7 | 171.8 | 160.9 | 178.4 |
Gross margin | 81.6% | 81.7% | 82.0% | 82.1% | 82.2% | 81.3% | 81.8% | 82.4% |
Sales and marketing | 126.5 | 119.8 | 113.0 | 109.6 | 111.4 | 108.7 | 103.8 | 93.3 |
Research and development | 86.6 | 74.1 | 66.8 | 61.8 | 57.7 | 59.0 | 51.7 | 50.0 |
General and administrative | 29.8 | 21.9 | 18.9 | 18.6 | 16.1 | 17.6 | 18.1 | 17.0 |
EBITA | -3.3 | 20.1 | 8.1 | 19.3 | 8.5 | -5.4 | -11.6 | 19.2 |
EBITA margin | -1.1% | 7.0% | 3.2% | 7.7% | 3.6% | -2.6% | -5.9% | 8.9% |
Amortization of intangibles | | 1.9 | 1.9 | 2.4 | 0.9 | 1.2 | 1.1 | 1.2 |
EBIT | -3.3 | 18.2 | 6.2 | 16.9 | 7.5 | -6.7 | -12.7 | 18.0 |
EBIT margin | -1.1% | 6.4% | 2.5% | 6.7% | 3.2% | -3.2% | -6.5% | 8.3% |
Pre-tax income | 4.7 | 22.6 | 14.0 | 25.7 | 14.8 | -1.8 | -7.0 | 23.9 |
Income taxes | 4.9 | 14.8 | 4.3 | 3.1 | 3.1 | 5.7 | 1.7 | 5.3 |
Tax rate | 103.5% | 65.5% | 31.0% | 12.2% | 20.7% | | | 22.2% |
Net income | -0.2 | 7.8 | 9.6 | 22.6 | 11.7 | -7.5 | -8.7 | 18.6 |
Net margin | -0.1% | 2.7% | 3.9% | 9.0% | 5.0% | -3.5% | -4.4% | 8.6% |
|
Diluted EPS | $0.00 | $0.16 | $0.20 | $0.47 | $0.25 | ($0.17) | ($0.20) | $0.40 |
Shares outstanding (diluted) | 44.9 | 47.5 | 47.7 | 48.5 | 47.7 | 43.5 | 43.9 | 46.7 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|