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 |
Revenues | 277.2 | 252.8 | 245.3 | 148.9 | 114.0 |
Revenue growth | 9.7% | 3.1% | 64.8% | 30.6% | |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 80.0 | 58.6 |
Gross profit | 277.2 | 252.8 | 245.3 | 68.9 | 55.3 |
Gross margin | 100.0% | 100.0% | 100.0% | 46.3% | 48.6% |
Sales and marketing | 81.6 | 66.2 | 55.1 | 47.7 | 31.6 |
Research and development | | | | 53.9 | 36.3 |
General and administrative | | | | 54.2 | 37.2 |
EBITA | 220.2 | 200.6 | 198.2 | -88.7 | -51.4 |
EBITA margin | 79.4% | 79.3% | 80.8% | -59.6% | -45.1% |
Amortization of intangibles | 24.6 | 13.9 | 8.0 | 6.0 | 3.7 |
EBIT | 195.6 | 186.6 | 190.2 | -94.7 | -55.1 |
EBIT margin | 70.6% | 73.8% | 77.5% | -63.6% | -48.4% |
Pre-tax income | -269.7 | -179.0 | -225.8 | -89.2 | -52.3 |
Income taxes | 0.1 | -5.4 | 0.6 | -0.8 | 0.0 |
Tax rate | | 3.0% | | 0.9% | 0.0% |
Net income | -270.4 | -176.3 | -224.4 | -87.2 | -52.3 |
Net margin | -97.6% | -69.8% | -91.5% | -58.6% | -45.9% |
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Diluted EPS | ($0.99) | ($0.69) | ($2.27) | ($2.12) | ($1.29) |
Shares outstanding (diluted) | 274.2 | 254.1 | 99.0 | 41.1 | 40.6 |
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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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