Financial Summary (All financials)
In millions, 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 | 92.8 | 70.1 | 59.3 | 64.7 | 53.3 | 66.2 | 41.1 | 46.5 |
Revenue growth | 32.3% | 18.3% | -8.4% | 21.4% | -19.5% | 61.1% | -11.5% | 39.6% |
Cost of goods sold | 49.6 | 38.9 | 33.0 | 36.1 | 28.6 | 37.2 | 23.0 | 25.3 |
Gross profit | 43.2 | 31.2 | 26.3 | 28.6 | 24.8 | 29.1 | 18.1 | 21.2 |
Gross margin | 46.5% | 44.5% | 44.4% | 44.2% | 46.4% | 43.9% | 44.1% | 45.6% |
Selling, general and administrative | 18.0 | 15.6 | 16.0 | 16.4 | 15.7 | 14.8 | 12.6 | 13.8 |
Research and development | 10.9 | 9.6 | 9.4 | 8.8 | 8.0 | 8.0 | 7.6 | 8.8 |
EBITA | 14.5 | 6.2 | 1.1 | 3.5 | 1.2 | 6.3 | -2.0 | -1.3 |
EBITA margin | 15.7% | 8.8% | 1.9% | 5.4% | 2.2% | 9.5% | -4.8% | -2.8% |
Amortization of intangibles | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
EBIT | 14.3 | 6.0 | 0.9 | 3.4 | 1.0 | 6.2 | -2.2 | -1.5 |
EBIT margin | 15.5% | 8.6% | 1.6% | 5.2% | 1.9% | 9.3% | -5.3% | -3.2% |
Pre-tax income | 14.5 | 6.4 | 1.2 | 3.6 | 0.9 | 6.4 | -2.1 | -1.4 |
Income taxes | 1.7 | 0.6 | 0.4 | 0.8 | -0.4 | -5.2 | 0.0 | 0.1 |
Tax rate | 12.0% | 9.6% | 33.3% | 21.0% | | | | |
Net income | 12.8 | 5.7 | 0.8 | 2.8 | 1.3 | 11.6 | -2.1 | -1.5 |
Net margin | 13.7% | 8.2% | 1.3% | 4.4% | 2.5% | 17.5% | -5.1% | -3.2% |
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Diluted EPS | $1.69 | $0.77 | $0.11 | $0.39 | $0.19 | $1.64 | ($0.31) | ($0.23) |
Shares outstanding (diluted) | 7.5 | 7.5 | 7.3 | 7.2 | 7.1 | 7.0 | 6.7 | 6.6 |
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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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