Skyline Bankshares, Inc. [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
Revenues	38.2	32.4	32.2	28.6	24.8	20.4	16.8
Revenue growth	17.8%	0.7%	12.6%	15.3%	21.6%	21.8%
Cost of goods sold	14.7	14.6	13.2	11.8	10.3	8.6	6.6
Gross profit	23.5	17.8	18.9	16.8	14.5	11.8	10.2
Gross margin	61.5%	54.9%	58.9%	58.7%	58.6%	57.7%	60.9%
Sales and marketing	0.7	0.7	0.6	0.6	0.6	0.2	0.2
General and administrative	3.2	2.7	2.7	2.2	2.0	1.6	0.2
EBITA	16.0	11.2	12.7	11.3	9.3	6.1	-9.9
EBITA margin	41.9%	34.4%	39.6%	39.6%	37.6%	29.9%	-59.0%
Amortization of intangibles	0.6	0.7	0.8	0.6	0.3	0.1
EBIT	15.4	10.4	11.9	10.7	9.0	6.0	-9.9
EBIT margin	40.4%	32.2%	37.0%	37.5%	36.4%	29.2%	-59.0%
Pre-tax income	11.9	7.3	8.9	5.7	5.5	3.6	0.1
Income taxes	2.4	1.4	1.8	1.2	3.1	1.2	-0.1
Tax rate	20.4%	19.8%	19.9%	21.1%	56.1%	32.7%
Net income	9.5	5.9	7.2	4.5	2.4	2.4	1.0
Net margin	24.8%	18.1%	22.2%	15.8%	9.8%	11.8%	6.0%

Diluted EPS	$1.59	$0.97	$1.16	$0.81	$0.48	$0.60	$0.58
Shares outstanding (diluted)	6.0	6.1	6.2	5.6	5.0	4.0	1.7

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.