Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 296.4 | 239.5 | 207.0 | 136.6 | 122.6 | 107.2 | 84.0 | 60.5 |
Revenue growth | 23.8% | 15.7% | 51.5% | 11.4% | 14.4% | 27.5% | 38.9% | 56.9% |
Cost of goods sold | 85.4 | 70.1 | 60.9 | 38.8 | 38.6 | 34.9 | 29.1 | 23.2 |
Gross profit | 211.0 | 169.4 | 146.0 | 97.8 | 84.1 | 72.3 | 55.0 | 37.3 |
Gross margin | 71.2% | 70.7% | 70.6% | 71.6% | 68.5% | 67.5% | 65.4% | 61.7% |
Sales and marketing | 85.6 | 89.3 | 72.4 | 53.7 | 49.9 | 47.3 | 42.7 | 37.7 |
Research and development | 57.5 | 46.2 | 33.3 | 28.1 | 24.1 | 20.9 | 19.9 | 16.5 |
General and administrative | 50.5 | 42.9 | 41.1 | 37.3 | 17.9 | 14.3 | 9.9 | 6.6 |
EBITA | 33.0 | -0.7 | 2.0 | -19.2 | -6.5 | -9.3 | -17.3 | -23.4 |
EBITA margin | 11.1% | -0.3% | 1.0% | -14.0% | -5.3% | -8.7% | -20.6% | -38.6% |
Amortization of intangibles | 28.1 | 10.3 | 3.9 | 2.0 | 0.9 | 0.9 | 0.3 | 0.2 |
EBIT | 4.9 | -11.0 | -1.9 | -21.2 | -7.4 | -10.2 | -17.6 | -23.6 |
EBIT margin | 1.7% | -4.6% | -0.9% | -15.5% | -6.1% | -9.5% | -20.9% | -38.9% |
Pre-tax income | -5.8 | -17.7 | -2.7 | -21.5 | -9.0 | -10.6 | -18.9 | -23.5 |
Income taxes | -13.3 | -13.7 | 1.4 | 0.1 | 0.4 | 0.1 | 0.0 | 0.0 |
Tax rate | 230.7% | 77.4% | | | | | | |
Net income | 7.6 | -4.0 | -4.1 | -21.6 | -9.4 | -10.6 | -18.9 | -23.7 |
Net margin | 2.6% | -1.7% | -2.0% | -15.8% | -7.6% | -9.9% | -22.5% | -39.1% |
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Diluted EPS | $0.22 | ($0.14) | ($0.15) | ($0.80) | ($0.35) | ($0.41) | ($0.74) | ($1.84) |
Shares outstanding (diluted) | 33.7 | 27.8 | 27.0 | 27.2 | 26.8 | 26.2 | 25.5 | 12.8 |
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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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