Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-15 |
Revenues | 187.0 | 155.4 | 93.4 | 49.7 | 18.6 |
Revenue growth | 20.3% | 66.4% | 87.8% | | |
Cost of goods sold | 2.7 | 2.5 | 2.7 | 1.6 | 7.4 |
Gross profit | 184.4 | 152.9 | 90.7 | 48.1 | 11.1 |
Gross margin | 98.6% | 98.4% | 97.1% | 96.8% | 59.9% |
General and administrative | 28.8 | 22.7 | 14.4 | 10.7 | 2.3 |
EBIT | 71.7 | 59.5 | 35.7 | 11.9 | 12.9 |
EBIT margin | 38.4% | 38.3% | 38.3% | 24.0% | 69.7% |
Pre-tax income | 73.4 | 59.5 | 33.7 | 11.9 | 5.7 |
Income taxes | 0.2 | 0.2 | 6.0 | 0.2 | 0.4 |
Tax rate | 0.3% | 0.3% | 17.9% | 1.6% | 6.4% |
Net income | 73.1 | 59.3 | 27.7 | 11.7 | 5.3 |
Net margin | 39.1% | 38.1% | 29.7% | 23.6% | 28.8% |
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Diluted EPS | $1.35 | $1.17 | $0.89 | $0.64 | |
Shares outstanding (diluted) | 54.2 | 50.7 | 31.0 | 18.2 | |
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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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