Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 70.7 | 56.9 | 60.0 |
Revenue growth | 24.2% | -5.2% | |
Cost of goods sold | 20.1 | 13.4 | 12.6 |
Gross profit | 50.6 | 43.5 | 47.5 |
Gross margin | 71.6% | 76.4% | 79.0% |
Sales and marketing | 14.2 | 13.7 | 17.6 |
Research and development | 46.9 | 44.7 | 52.7 |
General and administrative | 16.6 | 7.9 | 5.1 |
EBIT | -27.1 | -22.8 | -28.0 |
EBIT margin | -38.3% | -40.0% | -46.6% |
Pre-tax income | -26.1 | -19.5 | -25.5 |
Income taxes | 0.4 | 0.2 | 0.4 |
Net income | -26.5 | -19.6 | -25.9 |
Net margin | -37.5% | -34.5% | -43.2% |
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Diluted EPS | ($0.80) | ($1.88) | ($2.72) |
Shares outstanding (diluted) | 33.0 | 10.4 | 9.5 |
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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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