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 |
Revenues | 93.2 | 76.7 | 54.3 | 30.0 | 22.6 | 16.8 |
Revenue growth | 21.5% | 41.2% | 81.2% | 32.5% | 34.9% | |
Cost of goods sold | 35.0 | 29.3 | 29.9 | 21.1 | 17.0 | 11.5 |
Gross profit | 58.2 | 47.5 | 24.5 | 8.9 | 5.6 | 5.3 |
Gross margin | 62.5% | 61.8% | 45.0% | 29.7% | 24.9% | 31.8% |
Sales and marketing | 0.8 | 0.6 | 0.5 | 0.4 | 0.4 | 0.2 |
General and administrative | 1.4 | 1.2 | 3.6 | 1.8 | 0.6 | 0.5 |
EBIT | 48.4 | 38.9 | 13.1 | 0.7 | 2.0 | 2.8 |
EBIT margin | 51.9% | 50.7% | 24.2% | 2.4% | 8.9% | 16.4% |
Pre-tax income | 29.1 | 26.5 | 10.7 | 3.0 | 2.8 | 3.7 |
Income taxes | 6.9 | 5.1 | 2.4 | 0.7 | 0.7 | 1.8 |
Tax rate | 23.9% | 19.3% | 22.5% | 21.9% | 24.1% | 50.4% |
Net income | 22.1 | 21.4 | 8.3 | 2.3 | 2.1 | 1.8 |
Net margin | 23.8% | 27.8% | 15.3% | 7.8% | 9.3% | 10.8% |
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Diluted EPS | $1.56 | $1.54 | $0.67 | $0.40 | $0.41 | $0.37 |
Shares outstanding (diluted) | 14.2 | 13.9 | 12.4 | 5.9 | 5.1 | 4.9 |
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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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