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 | 81.1 | 79.4 | 69.8 | 36.9 | 28.9 | 27.9 | 28.2 | 26.0 |
Revenue growth | 2.2% | 13.8% | 88.9% | 27.6% | 3.8% | -1.2% | 8.7% | 5.7% |
Cost of goods sold | 36.6 | 35.5 | 32.3 | 18.0 | 13.7 | 13.1 | 12.6 | 11.7 |
Gross profit | 44.6 | 44.0 | 37.4 | 19.0 | 15.2 | 14.7 | 15.7 | 14.3 |
Gross margin | 54.9% | 55.3% | 53.7% | 51.4% | 52.6% | 52.9% | 55.5% | 55.1% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 0.8 | 0.8 | 0.6 | 0.5 | 0.3 | 0.3 | 0.2 | 0.3 |
General and administrative | 9.6 | 9.8 | 11.3 | 6.7 | 4.0 | 3.8 | 3.6 | 3.7 |
EBITA | 43.7 | 41.8 | 29.0 | 12.9 | 11.9 | 12.6 | 13.0 | 11.4 |
EBITA margin | 53.9% | 52.6% | 41.6% | 34.9% | 40.9% | 45.1% | 46.0% | 43.9% |
Amortization of intangibles | 10.7 | 9.8 | 5.0 | 1.5 | 0.9 | 1.1 | 1.5 | 1.5 |
EBIT | 33.0 | 32.0 | 24.0 | 11.4 | 11.0 | 11.5 | 11.5 | 9.9 |
EBIT margin | 40.7% | 40.3% | 34.5% | 30.8% | 37.9% | 41.3% | 40.6% | 38.1% |
Pre-tax income | 27.7 | 26.5 | 18.9 | 8.5 | 8.5 | 8.6 | 8.3 | 7.7 |
Income taxes | 4.0 | 4.5 | 3.3 | 1.3 | 1.2 | 2.4 | 2.2 | 1.9 |
Tax rate | 14.5% | 16.8% | 17.3% | 15.3% | 13.6% | 27.9% | 26.2% | 25.3% |
Net income | 23.6 | 22.0 | 15.6 | 7.2 | 7.3 | 6.2 | 6.1 | 5.7 |
Net margin | 29.1% | 27.8% | 22.4% | 19.4% | 25.3% | 22.1% | 21.6% | 22.1% |
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Diluted EPS | $3.15 | $2.87 | $2.08 | $1.58 | $2.03 | $1.70 | $1.68 | $1.66 |
Shares outstanding (diluted) | 7.5 | 7.7 | 7.5 | 4.5 | 3.6 | 3.6 | 3.6 | 3.5 |
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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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