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 | 389.7 | 470.7 | 481.5 | 283.1 | 279.6 | 276.9 | 304.3 | 280.4 |
Revenue growth | -17.2% | -2.2% | 70.1% | 1.2% | 1.0% | -9.0% | 8.6% | 24.6% |
Cost of goods sold | 4.7 | 3.7 | 3.3 | 123.9 | 119.8 | 140.4 | 160.7 | 143.6 |
Gross profit | 384.9 | 467.0 | 478.2 | 159.2 | 159.8 | 136.5 | 143.7 | 136.8 |
Gross margin | 98.8% | 99.2% | 99.3% | 56.2% | 57.1% | 49.3% | 47.2% | 48.8% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 69.0 | 124.9 | 129.8 | 4.8 | 4.6 | 5.8 | 6.4 | 5.7 |
General and administrative | 100.1 | 100.7 | 85.0 | 7.1 | 7.6 | 8.7 | 8.4 | 7.9 |
EBITA | 33.8 | 50.7 | 70.2 | 32.4 | 34.0 | 14.6 | -14.0 | -7.3 |
EBITA margin | 8.7% | 10.8% | 14.6% | 11.4% | 12.1% | 5.3% | -4.6% | -2.6% |
Amortization of intangibles | 1.3 | 1.1 | 0.8 | 0.8 | 0.8 | 1.0 | 1.2 | 1.3 |
EBIT | 32.5 | 49.5 | 69.4 | 31.5 | 33.1 | 13.6 | -15.2 | -8.5 |
EBIT margin | 8.4% | 10.5% | 14.4% | 11.1% | 11.9% | 4.9% | -5.0% | -3.0% |
Pre-tax income | 34.4 | 51.8 | 71.5 | 13.9 | 26.2 | 7.5 | 19.7 | 21.0 |
Income taxes | 8.7 | 12.3 | 15.9 | -3.1 | -4.5 | 6.6 | -7.5 | 7.7 |
Tax rate | 25.3% | 23.7% | 22.2% | | | 87.4% | | 36.5% |
Net income | 25.7 | 39.5 | 55.6 | 10.9 | 21.7 | 14.1 | 12.2 | 13.4 |
Net margin | 6.6% | 8.4% | 11.5% | 3.8% | 7.8% | 5.1% | 4.0% | 4.8% |
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Diluted EPS | $1.17 | $1.80 | $2.74 | $0.58 | $1.19 | $0.82 | $0.77 | $0.89 |
Shares outstanding (diluted) | 21.9 | 22.0 | 20.3 | 18.7 | 18.2 | 17.1 | 15.9 | 15.0 |
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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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