In millions, except per share items | Mar-31-23 | Mar-31-22 | Mar-31-21 | Mar-31-20 | Mar-31-19 | Mar-31-18 | Mar-31-17 | Mar-31-16 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Total revenues | 665.9 | 747.6 | 313.6 | 138.7 | 103.6 | 74.8 | 40.2 | 22.3 |
Revenue growth | -10.9% | 138.4% | 126.1% | 33.9% | 38.6% | 85.9% | 80.7% | -21.2% |
Cost of goods sold [+] | 345.7 | 400.5 | 181.0 | 85.0 | 69.2 | 100.8 | 59.6 | 49.1 |
Other cost of sales | 36.4 | 29.8 | 2.4 | 1.5 | 2.0 | 1.7 | | |
Cost of licensing | | | | | | | | 13.3 |
Amortization of intangibles | | | | | 1.2 | 1.4 | 1.7 | 7.5 |
Direct costs | | | | | | | 2.6 | 7.5 |
Gross profit | 320.2 | 347.1 | 132.6 | 53.7 | 34.3 | -26.1 | -19.4 | -26.8 |
Gross margin | 48.1% | 46.4% | 42.3% | 38.7% | 33.2% | -34.9% | -48.3% | -120.5% |
Selling, general and administrative [+] | 217.6 | 202.1 | 53.2 | 28.4 | 21.2 | 21.2 | 18.9 | 19.1 |
Sales and marketing | 63.3 | 63.3 | 19.3 | 11.2 | 8.2 | 6.1 | 4.2 | 2.9 |
General and administrative | 154.3 | 138.8 | 33.9 | 17.2 | 13.0 | 15.1 | 14.8 | 16.2 |
Research and development | 56.5 | 52.7 | 20.1 | 12.0 | 10.9 | 9.7 | 9.3 | 4.9 |
Other operating expenses | | 41.1 | 15.8 | | -1.2 | -51.1 | -30.7 | -28.3 |
EBITDA [+] | 127.2 | 108.6 | 50.6 | 15.6 | 6.2 | -3.1 | -14.4 | -14.7 |
EBITDA growth | 17.2% | 114.8% | 225.1% | 150.4% | -297.2% | -78.1% | -2.0% | -32.2% |
EBITDA margin | 19.1% | 14.5% | 16.1% | 11.2% | 6.0% | -4.2% | -35.7% | -65.9% |
Depreciation | 16.5 | 9.0 | 4.3 | 2.1 | 1.5 | 1.2 | -4.5 | 0.4 |
EBITA | 110.8 | 99.6 | 46.2 | 13.4 | 4.7 | -4.4 | -9.9 | -15.1 |
EBITA margin | 16.6% | 13.3% | 14.7% | 9.7% | 4.5% | -5.9% | -24.6% | -67.7% |
Amortization of intangibles | 64.6 | 48.4 | 2.8 | 0.2 | 1.2 | 1.4 | 7.1 | 7.5 |
EBIT [+] | 46.2 | 51.2 | 43.5 | 13.2 | 3.4 | -5.8 | -17.0 | -22.5 |
EBIT growth | -9.8% | 17.7% | 228.9% | 283.5% | -159.3% | -65.8% | -24.7% | -5.1% |
EBIT margin | 6.9% | 6.8% | 13.9% | 9.5% | 3.3% | -7.8% | -42.2% | -101.3% |
Non-recurring items | | -41.1 | -15.8 | | | | | |
Interest expense, net [+] | 23.4 | 8.5 | 1.0 | 0.0 | 1.1 | 2.1 | 2.6 | 1.7 |
Interest expense | 23.4 | 8.5 | 1.0 | | 1.1 | 2.1 | 2.6 | 1.7 |
Interest income | | | | 0.0 | | | | |
Other income (expense), net [+] | -0.8 | -39.8 | -16.3 | -9.3 | -6.2 | -12.8 | 0.3 | 0.0 |
Gain (loss) on debt retirement | | | -0.5 | | -0.4 | -1.8 | -0.3 | |
Unrealized gain/loss on derivatives | | | | -9.6 | -4.9 | -3.2 | | |
Gain (loss) on foreign currency transactions | -1.0 | 2.1 | | | 0.0 | -0.1 | 0.0 | 0.0 |
Change in fair value of warrants | | | | -9.6 | -4.9 | -3.2 | 0.1 | |
Other | 0.2 | -0.7 | -0.1 | 0.2 | 0.2 | -0.1 | 0.0 | 0.0 |
Pre-tax income | 22.0 | 44.0 | 41.9 | 3.9 | -3.8 | -20.6 | -19.3 | -24.3 |
Income taxes | 5.1 | 8.4 | -13.0 | -10.4 | 0.5 | -1.0 | -0.1 | 0.2 |
Tax rate | 23.4% | 19.1% | | | | 4.6% | 0.7% | |
Minority interest | 0.2 | 0.0 | | | | | | |
Earnings from continuing ops | 16.7 | 35.5 | 54.9 | 28.6 | -4.3 | -19.7 | -19.1 | -24.5 |
Earnings from discontinued ops | | | | -0.4 | | | | |
Net income | 16.7 | 35.5 | 54.9 | 28.2 | -6.0 | -52.9 | -24.3 | -28.0 |
Net margin | 2.5% | 4.8% | 17.5% | 20.3% | -5.8% | -70.7% | -60.3% | -126.0% |
|
Basic EPS [+] | $0.17 | $0.37 | $0.62 | $0.34 | ($0.06) | ($0.28) | ($0.29) | ($0.40) |
Growth | -54.8% | -39.8% | 83.7% | -707.7% | -80.2% | -2.6% | -27.4% | -37.3% |
Diluted EPS [+] | $0.16 | $0.35 | $0.57 | $0.32 | ($0.06) | ($0.28) | ($0.29) | ($0.40) |
Growth | -52.7% | -39.3% | 79.0% | -674.0% | -80.2% | -2.6% | -27.4% | -37.3% |
|
Shares outstanding (basic) [+] | 98.8 | 95.2 | 88.5 | 84.6 | 77.4 | 70.3 | 66.5 | 61.8 |
Growth | 3.8% | 7.6% | 4.6% | 9.2% | 10.2% | 5.6% | 7.7% | 58.5% |
Shares outstanding (diluted) [+] | 101.8 | 102.6 | 96.2 | 89.6 | 77.4 | 70.3 | 66.5 | 61.8 |
Growth | -0.8% | 6.7% | 7.4% | 15.6% | 10.2% | 5.6% | 7.7% | 58.5% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |