Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 59.7 | 56.6 | 57.3 | 55.3 | 48.1 | 45.5 | 43.7 | 39.6 |
Revenue growth | 5.4% | -1.2% | 3.7% | 15.1% | 5.6% | 4.0% | 10.6% | -29.7% |
Cost of goods sold | 25.0 | 24.2 | 25.2 | 25.9 | 26.0 | 24.6 | 38.7 | 42.8 |
Gross profit | 34.7 | 32.4 | 32.2 | 29.4 | 22.1 | 20.9 | 5.0 | -3.3 |
Gross margin | 58.1% | 57.2% | 56.1% | 53.2% | 45.9% | 46.0% | 11.5% | -8.2% |
Selling, general and administrative | | | | | | | 0.0 | 0.0 |
Sales and marketing | 1.6 | 1.3 | 1.1 | 1.1 | 0.8 | 0.7 | 0.0 | 0.0 |
General and administrative | 3.7 | 3.2 | 3.1 | 3.4 | 3.6 | 3.6 | 0.0 | 0.0 |
EBIT | 25.9 | 24.8 | 25.0 | 21.9 | 14.9 | 13.9 | 5.0 | -3.3 |
EBIT margin | 43.4% | 43.7% | 43.6% | 39.6% | 31.0% | 30.5% | 11.5% | -8.2% |
Pre-tax income | 21.6 | 20.5 | 20.7 | 17.1 | 9.9 | 7.4 | 5.0 | -3.3 |
Income taxes | 3.9 | 9.9 | 6.2 | 5.0 | 2.6 | -18.1 | -3.5 | 0.5 |
Tax rate | 18.2% | 48.3% | 30.1% | 29.4% | 26.0% | | | |
Net income | 17.7 | 10.6 | 14.5 | 12.1 | 7.3 | 25.5 | 8.5 | -3.8 |
Net margin | 29.7% | 18.7% | 25.3% | 21.8% | 15.2% | 56.1% | 19.5% | -9.5% |
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Diluted EPS | $0.77 | $0.46 | $0.63 | $0.53 | $0.33 | $1.41 | $0.49 | ($0.22) |
Shares outstanding (diluted) | 23.1 | 23.0 | 22.9 | 22.9 | 22.3 | 18.1 | 17.3 | 17.3 |
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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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