Income StatementJun '25Dec '24Jun '24

Total Revenues

581.3

519

453

Total Revenues %Chg

28.3%

32.5%

34.1%

Cost of Sales

60

56.5

47.2

Gross Profit

521.3

462.5

405.8

Gross Profit Margin

89.7%

89.1%

89.6%

Selling, General & Administrative Expenses

366.6

361.5

314.2

Research & Development Expenses

156.4

118.8

94.9

Operating Profit

-1.8

-17.8

-3.2

Operating Margin

-0.3%

-3.4%

-0.7%

Non-Operating Income

31.7

27.8

27.7

Total Non-Operating Income

31.7

27.8

27.7

Income Before Provision for Income Taxes

30

10

24.5

Provision for Income Taxes

1

-1

3.1

Consolidated Net Income

29

11

21.4

Net Income Attributable to Preferred Dividends

—

—

—

Net Income Attributable to Common Shareholders

29

11

21.4

Basic EPS

0.6

0.2

0.4

Diluted EPS

0.6

0.2

0.4

Basic Weighted Average Shares Outstanding

51.2

50.4

49.4

Total Shares Outstanding

51.6

50.8

49.9

Diluted Weighted Average Shares Outstanding

53.1

52.7

52.1

EBITDA

4.9

-11.4

2.2

Effective Tax Rate

3.3%

-9.7%

12.5%