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 | 166.7 | 156.5 | 111.4 | 55.6 | 62.0 | 15.5 | 48.2 | 38.9 |
Revenue growth | 6.5% | 40.5% | 100.2% | -10.2% | 298.7% | -67.8% | 23.8% | 242.9% |
Cost of goods sold | 23.4 | 24.7 | 21.6 | 15.8 | 19.5 | 11.3 | 8.1 | 4.9 |
Gross profit | 143.3 | 131.8 | 89.8 | 39.9 | 42.5 | 4.3 | 40.1 | 34.0 |
Gross margin | 86.0% | 84.2% | 80.6% | 71.6% | 68.5% | 27.6% | 83.2% | 87.3% |
Selling, general and administrative | | | | | | | | |
Research and development | | | | 4.9 | 13.0 | 18.9 | 20.6 | 34.3 |
General and administrative | 106.2 | 98.8 | 86.1 | 58.6 | 58.9 | 49.3 | 54.7 | 38.5 |
EBITA | 44.4 | 40.0 | 10.7 | -18.5 | -24.0 | -63.0 | -34.2 | -37.8 |
EBITA margin | 26.6% | 25.5% | 9.6% | -33.2% | -38.7% | -405.0% | -70.9% | -97.0% |
Amortization of intangibles | 7.3 | 7.0 | 7.0 | 5.2 | 5.4 | 1.0 | 1.0 | 1.0 |
EBIT | 37.1 | 33.0 | 3.7 | -23.6 | -29.4 | -63.9 | -35.2 | -38.7 |
EBIT margin | 22.3% | 21.1% | 3.4% | -42.5% | -47.5% | -411.3% | -72.9% | -99.5% |
Pre-tax income | 29.6 | 26.0 | -15.3 | -33.9 | -10.7 | -67.1 | -37.7 | -54.2 |
Income taxes | -55.2 | 0.3 | 0.0 | 0.0 | -16.0 | 0.0 | 0.0 | 0.0 |
Tax rate | | 1.0% | | | 149.5% | 0.0% | 0.0% | 0.0% |
Net income | 84.9 | 25.7 | -15.3 | -46.4 | 5.3 | -67.1 | -37.7 | -54.2 |
Net margin | 50.9% | 16.4% | -13.7% | -83.3% | 8.5% | -431.9% | -78.1% | -139.2% |
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Diluted EPS | $0.82 | $0.24 | ($0.18) | ($0.73) | $0.09 | ($1.25) | ($0.72) | ($1.12) |
Shares outstanding (diluted) | 103.3 | 105.1 | 83.2 | 63.2 | 56.4 | 53.7 | 52.4 | 48.4 |
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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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