EDAP TMS SA (EDAP) [Rocket]

In millions of EUR, 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	Dec-31-14
Revenues	44.1	41.6	44.9	39.2	35.7	35.6	32.3	26.8
Revenue growth	5.8%	-7.2%	14.5%	9.7%	0.3%	10.3%	20.4%	11.2%
Cost of goods sold	0.0	0.0	-0.1	0.0	20.9	19.2	18.5	15.6
Gross profit	44.1	41.7	44.9	39.2	14.7	16.4	13.8	11.2
Gross margin	100.0%	100.0%	100.1%	100.1%	41.3%	46.0%	42.7%	41.8%
Sales and marketing	10.7	9.3	10.9	10.6	9.5	8.9	7.4	6.7
Research and development	3.4	4.5	3.7	4.1	3.9	3.9	2.7	2.9
General and administrative	5.9	4.3	4.2	3.6	3.4	3.3	3.2	3.3
EBITA	-1.5	0.4	2.3	-1.2	-2.0	0.4	0.5	-1.7
EBITA margin	-3.4%	0.9%	5.2%	-3.1%	-5.5%	1.2%	1.5%	-6.4%
Amortization of intangibles	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0
EBIT	-1.6	0.3	2.2	-1.3	-2.0	0.4	0.5	-1.7
EBIT margin	-3.7%	0.6%	4.9%	-3.4%	-5.7%	1.1%	1.5%	-6.5%
Pre-tax income	0.9	-1.2	2.2	0.0	-0.3	4.4	-0.9	-0.4
Income taxes	0.2	0.5	0.7	0.4	-0.4	0.6	-0.8	0.1
Tax rate	21.6%		31.0%	1790.0%	132.4%	13.5%	83.7%
Earnings from continuing ops	0.7	-1.7	1.5	-0.3	-0.7	3.8	-1.7	-0.5
Earnings from discontinued ops	0.7	-1.7	1.5
Net income	0.7	-1.7	1.5	-0.3	-0.7	3.8	-1.7	-0.5
Net margin	1.6%	-4.1%	3.4%	-0.9%	-1.9%	10.8%	-5.2%	-1.9%

Diluted EPS	$0.02	($0.06)	$0.05	($0.01)	($0.02)	$0.13	($0.07)	($0.02)
Shares outstanding (diluted)	32.4	29.1	29.6	29.0	29.0	29.4	25.0	23.6

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