Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 30.6 | 15.4 | 13.8 | 5.6 | 5.3 | 129.8 | 86.5 | 106.5 |
Revenue growth | 98.3% | 12.2% | 147.6% | 5.4% | -95.9% | 50.1% | -18.7% | -13.2% |
Cost of goods sold | 109.4 | 92.1 | 75.7 | 60.6 | 54.3 | 54.7 | 56.9 | 68.4 |
Gross profit | -78.8 | -76.7 | -61.9 | -55.0 | -49.0 | 75.2 | 29.6 | 38.1 |
Gross margin | -257.5% | -497.0% | -450.3% | -990.3% | -929.5% | 57.9% | 34.2% | 35.8% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 56.6 | 35.0 | 36.4 | 12.1 | 13.1 | 4.9 | 2.2 | 2.4 |
EBIT | 299.7 | 163.5 | 95.7 | -15.1 | -65.7 | -19.5 | 6.3 | -8.3 |
EBIT margin | 979.4% | 1059.8% | 695.7% | -271.7% | -1246.0% | -15.0% | 7.3% | -7.8% |
Pre-tax income | 219.6 | 114.4 | 31.8 | 3.5 | -47.3 | -12.4 | 3.5 | -27.3 |
Income taxes | 41.8 | 20.5 | 5.6 | -4.1 | 6.4 | 6.0 | -1.8 | 34.6 |
Tax rate | 19.0% | 17.9% | 17.5% | | | | | |
Net income | 155.5 | 77.1 | 25.3 | 7.9 | -40.8 | -6.3 | 1.7 | 7.2 |
Net margin | 508.2% | 499.3% | 183.9% | 141.4% | -773.4% | -4.9% | 2.0% | 6.7% |
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Diluted EPS | $7.44 | $3.83 | $1.66 | $0.56 | ($2.93) | ($0.45) | $0.12 | $0.51 |
Shares outstanding (diluted) | 20.9 | 20.1 | 15.3 | 14.0 | 13.9 | 13.9 | 14.0 | 14.0 |
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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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