UNION BANKSHARES INC (UNB) [Rocket]

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	Dec-31-15
Revenues	55.3	55.2	6.4	40.0	37.6	36.0	34.8	32.4
Revenue growth	0.2%	765.3%	-84.0%	6.2%	4.6%	3.4%	7.4%	3.5%
Cost of goods sold	1.9	1.9	0.0	1.8	1.4	1.4	1.3	1.3
Gross profit	53.4	53.3	6.4	38.1	36.2	34.5	33.5	31.1
Gross margin	96.5%	96.6%	100.0%	95.5%	96.2%	96.1%	96.4%	96.0%
Selling, general and administrative	17.8	17.9	0.0	14.3	12.9	12.5	12.3	11.4
General and administrative	14.1	14.4	0.0	11.8	10.7	10.3	10.2
EBITA	35.6	35.5	12.7	24.0	23.5	22.2	21.4	19.9
EBITA margin	64.4%	64.3%	199.3%	60.1%	62.4%	61.9%	61.4%	61.4%
Amortization of intangibles		0.1		0.2	0.2	0.2	0.2	0.2
EBIT	35.6	35.4	12.7	23.8	23.3	22.1	21.2	19.7
EBIT margin	64.4%	64.1%	199.3%	59.7%	61.9%	61.4%	60.9%	60.8%
Pre-tax income	17.9	18.5	12.7	12.5	8.3	12.1	11.1	10.5
Income taxes	2.6	2.6	-0.1	1.8	1.3	3.6	2.6	2.7
Tax rate	14.7%	14.3%		14.7%	15.3%	29.9%	23.4%	25.3%
Net income	15.2	15.8	12.8	10.6	7.1	8.4	8.5	7.9
Net margin	27.6%	28.7%	200.8%	26.7%	18.8%	23.5%	24.5%	24.3%

Diluted EPS	$3.38	$3.51		$2.38	$1.58	$1.89	$1.91	$1.77
Shares outstanding (diluted)	4.5	4.5		4.5	4.5	4.5	4.5	4.5

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.