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 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 115.7 | 102.5 | 79.5 | 61.8 | 50.2 | 48.4 | 46.6 | 55.1 |
Revenue growth | 12.9% | 28.9% | 28.5% | 23.2% | 3.8% | 3.8% | -15.4% | 20.3% |
Cost of goods sold | 59.3 | 51.7 | 39.5 | 31.1 | 24.3 | 23.2 | 22.5 | 21.6 |
Gross profit | 56.4 | 50.7 | 40.0 | 30.8 | 25.9 | 25.2 | 24.1 | 33.5 |
Gross margin | 48.7% | 49.5% | 50.4% | 49.8% | 51.6% | 52.1% | 51.8% | 60.8% |
Selling, general and administrative | | | | | 0.2 | | | |
Sales and marketing | 3.7 | 2.7 | 2.1 | 2.0 | | 0.3 | 0.6 | 0.6 |
General and administrative | 15.0 | 11.8 | 8.8 | 7.6 | | 3.2 | 2.9 | 2.4 |
EBITA | 37.7 | 36.2 | 29.1 | 21.2 | 26.0 | 21.7 | 20.6 | 30.4 |
EBITA margin | 32.6% | 35.4% | 36.6% | 34.2% | 51.7% | 44.8% | 44.2% | 55.2% |
Amortization of intangibles | | | | | 0.0 | | | |
EBIT | 37.7 | 36.2 | 29.1 | 21.2 | 25.9 | 21.7 | 20.6 | 30.4 |
EBIT margin | 32.6% | 35.4% | 36.6% | 34.2% | 51.6% | 44.8% | 44.2% | 55.2% |
Pre-tax income | 22.9 | 23.2 | 14.6 | 12.6 | 14.9 | 14.5 | 12.5 | 12.2 |
Income taxes | 3.3 | 4.5 | 2.8 | 2.4 | 3.0 | 6.8 | 3.9 | 3.8 |
Tax rate | 14.5% | 19.4% | 19.2% | 19.0% | 20.1% | 46.6% | 30.8% | 31.1% |
Net income | 19.5 | 18.7 | 11.8 | 10.2 | 11.9 | 7.5 | 7.2 | 6.0 |
Net margin | 16.9% | 18.2% | 14.9% | 16.5% | 23.7% | 15.6% | 15.4% | 10.9% |
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Diluted EPS | $1.14 | $1.66 | $1.24 | $1.12 | $1.40 | $0.87 | $0.84 | $0.71 |
Shares outstanding (diluted) | 17.2 | 11.3 | 9.5 | 9.1 | 8.5 | 8.6 | 8.5 | 8.5 |
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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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