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 |
Revenues | 107.9 | 95.4 | 92.6 | 64.0 | 57.6 | 54.5 | 54.4 |
Revenue growth | 13.1% | 3.0% | 44.7% | 11.0% | 5.7% | 0.2% | |
Cost of goods sold | 55.8 | 46.7 | 40.8 | 37.4 | 35.6 | 34.5 | 31.3 |
Gross profit | 52.2 | 48.7 | 51.8 | 26.6 | 22.0 | 20.0 | 23.1 |
Gross margin | 48.3% | 51.0% | 55.9% | 41.6% | 38.2% | 36.6% | 42.5% |
Sales and marketing | 1.9 | 1.6 | 1.5 | 1.3 | 1.3 | 1.5 | 2.2 |
General and administrative | 12.2 | 12.8 | 9.0 | 6.6 | 6.1 | 5.9 | 2.7 |
EBITA | 28.8 | 27.2 | 33.6 | 11.9 | 8.1 | 6.5 | 8.9 |
EBITA margin | 26.6% | 28.5% | 36.3% | 18.6% | 14.1% | 11.9% | 16.4% |
Amortization of intangibles | 0.3 | 0.0 | 0.0 | 0.4 | 0.8 | 0.8 | 0.7 |
EBIT | 28.4 | 27.2 | 33.6 | 11.6 | 7.3 | 5.7 | 8.2 |
EBIT margin | 26.4% | 28.5% | 36.3% | 18.1% | 12.6% | 10.4% | 15.0% |
Pre-tax income | 28.8 | 27.3 | 33.1 | 10.2 | 7.4 | 5.0 | 3.6 |
Income taxes | 7.1 | 6.7 | 8.5 | 2.2 | 1.8 | 3.0 | 1.3 |
Tax rate | 24.7% | 24.5% | 25.8% | 21.4% | 23.9% | 59.6% | 35.5% |
Net income | 21.7 | 20.6 | 24.5 | 8.0 | 4.3 | -0.3 | 2.3 |
Net margin | 20.1% | 21.6% | 26.5% | 12.5% | 7.4% | -0.5% | 4.2% |
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Diluted EPS | $2.23 | $2.50 | $3.08 | $1.01 | $0.63 | ($0.05) | |
Shares outstanding (diluted) | 9.7 | 8.2 | 8.0 | 7.9 | 6.8 | 5.6 | |
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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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