Overview Financials News + Filings Key Docs Ownership
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
| | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
| Revenues: |
| United States | 298.6 | 237.3 | 149.5 | 124.2 | 81.1 | 42.6 |
| Other | 155.7 | 120.3 | 56.6 | 32.2 | 19.1 | 10.8 |
| Revenues | 454.3 | 357.6 | 206.1 | 156.4 | 100.2 | 53.5 |
| Revenue growth [+] | 27.0% | 73.5% | 31.8% | 56.1% | 87.4% | |
| United States | 25.9% | 58.7% | 20.4% | 53.2% | 90.1% | |
| Cost of goods sold | 73.5 | 53.6 | 30.8 | 20.2 | 15.1 | 9.1 |
| Gross profit | 380.8 | 304.0 | 175.3 | 136.1 | 85.1 | 44.4 |
| Gross margin | 83.8% | 85.0% | 85.0% | 87.1% | 85.0% | 83.1% |
| Selling, general and administrative [+] | 170.5 | 127.8 | 93.0 | 70.8 | 49.4 | 32.9 |
| Sales and marketing | 160.6 | 119.4 | 86.5 | 66.8 | 44.6 | 28.5 |
| General and administrative | 9.9 | 8.4 | 6.4 | 4.0 | 4.8 | 4.4 |
| Research and development | 12.4 | 9.5 | 9.5 | 5.7 | 4.2 | 2.6 |
| Other operating expenses | | -0.8 | | | 8.0 | |
| EBITDA [+] | 198.5 | 168.0 | 73.3 | 59.9 | 23.7 | 9.2 |
| EBITDA growth | 18.2% | 129.3% | 22.3% | 153.1% | 158.6% | |
| EBITDA margin | 43.7% | 47.0% | 35.5% | 38.3% | 23.6% | 17.1% |
| Depreciation and amortization | 0.7 | 0.5 | 0.4 | 0.3 | 0.2 | 0.2 |
| EBIT [+] | 197.9 | 167.5 | 72.8 | 59.6 | 23.5 | 9.0 |
| EBIT growth | 18.1% | 129.9% | 22.2% | 153.8% | 162.4% | |
| EBIT margin | 43.6% | 46.8% | 35.3% | 38.1% | 23.5% | 16.7% |
| Interest income | 3.6 | 0.5 | 3.3 | 2.4 | 0.1 | 0.8 |
| Interest income | 3.6 | 0.5 | 3.3 | 2.4 | 0.1 | 0.8 |
| Pre-tax income | 201.5 | 168.0 | 76.1 | 62.0 | 23.6 | 9.8 |
| Income taxes | 39.9 | 2.9 | 1.1 | 0.9 | 1.3 | 1.0 |
| Tax rate | 19.8% | 1.7% | 1.5% | 1.4% | 5.3% | 10.0% |
| Minority interest | | 0.1 | 0.0 | 0.0 | 0.0 | |
| Net income | 161.5 | 165.0 | 75.0 | 61.1 | 22.4 | 8.8 |
| Net margin | 35.6% | 46.1% | 36.4% | 39.1% | 22.3% | 16.5% |
| |
| Basic EPS [+] | $1.96 | $2.03 | $1.04 | $1.05 | $0.84 | $0.34 |
| Growth | -3.3% | 94.7% | -0.5% | 24.4% | 150.5% | |
| Diluted EPS [+] | $1.89 | $1.92 | $0.89 | $0.80 | $0.64 | $0.30 |
| Growth | -1.4% | 115.2% | 10.9% | 25.7% | 115.0% | |
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| Shares outstanding (basic) [+] | 82.5 | 81.4 | 72.1 | 58.5 | 26.6 | 26.3 |
| Growth | 1.3% | 12.9% | 23.4% | 119.7% | 1.3% | |
| Shares outstanding (diluted) [+] | 85.4 | 86.0 | 84.2 | 76.1 | 35.0 | 29.7 |
| Growth | -0.7% | 2.2% | 10.6% | 117.4% | 18.0% | |
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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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