INTRICON CORP (IIN) [Rocket]

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
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenue, net	125.2	102.8	113.5	113.9	87.0	69.0	68.5	67.1
Revenue, net growth	21.8%	-9.4%	-0.4%	31.0%	26.1%	0.7%	2.1%	26.7%
Cost of goods sold	93.8	76.6	82.5	77.7	61.7	52.3	49.8	49.0
Gross profit	31.4	26.2	31.0	36.2	25.3	16.7	18.8	18.1
Gross margin	25.1%	25.5%	27.3%	31.8%	29.1%	24.2%	27.4%	27.0%

Operating expenses:
Sales and marketing	8.3	6.7			8.3	4.7	3.7	3.5
General and administrative	16.6	15.0			9.0	9.2	7.0	5.9
Research and development	5.3	5.2			4.5	4.7	4.3	4.3
Total operating expenses	30.9	29.3	33.0	27.9	43.5	37.8	30.3	27.8
Operating (loss) income	0.5	-3.1	-2.0	8.4	3.6	-2.0	3.7	4.3
Operating margin	0.4%	-3.0%	-1.8%	7.3%	4.1%	-2.8%	5.4%	6.4%
Interest expense, net	0.0	0.3			-0.7	-0.6
(Loss) income before income taxes	0.1	-2.4	-1.9	7.2	2.5	-3.1	3.1	3.8
Income tax expense	0.1	0.1	0.2	0.5	0.0	0.2	0.0	0.4
Net (loss) income	-0.1	-2.5			3.6	-5.1	5.2	5.6
Less: Income (loss) allocated to non-controlling interest	0.0	0.0			-0.9	-0.2	-0.1
Net (loss) income attributable to Intricon shareholders	-0.1	-2.5	-3.8	5.5	2.1	-4.9	2.2	2.2

(Loss) income per share attributable to Intricon shareholders:
Basic	($0.01)	($0.28)	($0.43)	$0.73	$0.30	($0.76)	$0.38	$0.39
Diluted	($0.01)	($0.28)	($0.43)	$0.64	$0.28	($0.76)	$0.36	$0.37

Average shares outstanding:
Basic (in shares)	9.1	8.9	8.7	7.6	6.9	6.5	5.9	5.8
Diluted (in shares)	9.1	8.9	8.7	8.6	7.3	6.5	6.2	6.0