Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
Revenues | 284.0 | 284.0 | 155.7 | 155.7 | 98.7 | 99.0 | 103.8 | 138.3 |
Revenue growth | 82.4% | 82.4% | 57.8% | | -0.3% | -4.6% | -25.0% | -24.7% |
Cost of goods sold | 235.2 | 235.2 | 127.0 | 127.0 | 79.6 | 80.3 | 86.9 | 122.6 |
Gross profit | 48.9 | 48.9 | 28.7 | 28.7 | 19.1 | 18.7 | 16.9 | 15.7 |
Gross margin | 17.2% | 17.2% | 18.4% | 18.4% | 19.3% | 18.9% | 16.2% | 11.4% |
Selling, general and administrative | 47.5 | 37.8 | 24.2 | 21.7 | 18.3 | 16.8 | 16.2 | 17.1 |
Research and development | | | | | | | | |
EBITA | 10.6 | 1.4 | 6.8 | 4.5 | 1.8 | 1.8 | 0.5 | -1.6 |
EBITA margin | 3.7% | 0.5% | 4.4% | 2.9% | 1.8% | 1.8% | 0.5% | -1.2% |
Amortization of intangibles | 9.2 | | 2.3 | | 1.0 | 1.2 | 2.5 | 3.7 |
EBIT | 1.4 | 1.4 | 4.5 | 4.5 | 0.8 | 0.6 | -2.0 | -5.4 |
EBIT margin | 0.5% | 0.5% | 2.9% | 2.9% | 0.8% | 0.6% | -1.9% | -3.9% |
Pre-tax income | -5.9 | -5.9 | 2.0 | 2.0 | 1.3 | 0.2 | -2.4 | -5.8 |
Income taxes | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 | 0.0 | 0.0 |
Tax rate | | | 16.0% | 16.0% | 19.7% | 133.7% | 0.0% | 0.0% |
Net income | -6.0 | 0.0 | 1.7 | 1.7 | 1.0 | -0.1 | -2.4 | -5.8 |
Net margin | -2.1% | 0.0% | 1.1% | 1.1% | 1.0% | -0.1% | -2.3% | -4.2% |
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Diluted EPS | ($0.31) | ($0.31) | $0.08 | $0.08 | $0.06 | $0.00 | ($0.16) | ($0.38) |
Shares outstanding (diluted) | 19.5 | 0.0 | 20.7 | 20.7 | 16.8 | 15.3 | 15.3 | 15.3 |
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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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