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 | 199.7 | 156.5 | 154.1 | 108.3 | 104.0 | 97.7 | 87.5 | 64.5 |
Revenue growth | 27.5% | 1.6% | 42.4% | 4.1% | 6.5% | 11.7% | 35.6% | 29.7% |
Cost of goods sold | 56.4 | 47.9 | 47.1 | 43.8 | 42.5 | 41.1 | 38.5 | 32.1 |
Gross profit | 143.3 | 108.7 | 107.0 | 64.4 | 61.5 | 56.6 | 49.0 | 32.4 |
Gross margin | 71.8% | 69.4% | 69.5% | 59.5% | 59.2% | 58.0% | 56.0% | 50.3% |
Selling, general and administrative | 4.9 | 3.5 | 3.1 | | | | | |
Sales and marketing | | | | 1.7 | 1.6 | 1.5 | 1.5 | 1.5 |
Research and development | | | | | 1.1 | 1.0 | 0.9 | 0.7 |
General and administrative | | | | 3.1 | 2.9 | 2.9 | 5.5 | 5.4 |
EBITA | 138.4 | 105.1 | 103.9 | 59.6 | 56.1 | 51.3 | 41.1 | 24.9 |
EBITA margin | 69.3% | 67.2% | 67.4% | 55.0% | 53.9% | 52.5% | 47.0% | 38.6% |
Amortization of intangibles | | | | 1.3 | 1.4 | 1.5 | 1.5 | 1.0 |
EBIT | 138.4 | 105.1 | 103.9 | 58.3 | 54.7 | 49.8 | 39.7 | 23.9 |
EBIT margin | 69.3% | 67.2% | 67.4% | 53.8% | 52.6% | 50.9% | 45.3% | 37.1% |
Pre-tax income | 72.8 | 62.1 | 50.3 | 43.1 | 38.3 | 33.2 | 28.0 | 10.6 |
Income taxes | 12.2 | 10.3 | 8.4 | 7.3 | 5.7 | 10.5 | 7.5 | 2.5 |
Tax rate | 16.8% | 16.5% | 16.7% | 17.0% | 14.9% | 31.5% | 26.7% | 23.7% |
Net income | 60.6 | 51.8 | 41.9 | 35.8 | 32.6 | 22.7 | 20.6 | 8.1 |
Net margin | 30.4% | 33.1% | 27.2% | 33.0% | 31.3% | 23.2% | 23.5% | 12.5% |
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Diluted EPS | $1.79 | $1.77 | $1.47 | $1.28 | $1.16 | $0.82 | $0.76 | $0.36 |
Shares outstanding (diluted) | 33.9 | 29.3 | 28.4 | 27.9 | 28.0 | 27.6 | 27.2 | 22.7 |
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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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