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 | Dec-31-15 |
Revenues | 171.5 | 130.1 | 106.1 | 81.4 | 62.9 | 43.0 | 38.9 | 34.9 |
Revenue growth | 31.8% | 22.6% | 30.4% | 29.4% | 46.4% | 10.4% | 11.4% | 25.3% |
Cost of goods sold | 59.5 | 47.2 | 43.3 | 37.7 | 28.1 | 19.9 | 18.3 | 16.4 |
Gross profit | 112.0 | 82.9 | 62.9 | 43.7 | 34.8 | 23.1 | 20.6 | 18.5 |
Gross margin | 65.3% | 63.7% | 59.2% | 53.7% | 55.3% | 53.7% | 53.0% | 53.1% |
Selling, general and administrative | 14.8 | 11.4 | 9.9 | 8.7 | | | | |
Sales and marketing | | | | | 1.0 | 0.5 | 0.5 | 0.5 |
Research and development | | | | | | | | |
General and administrative | 10.3 | 8.3 | 7.0 | 6.1 | 5.3 | 3.8 | 3.2 | 2.6 |
EBITA | 97.2 | 71.5 | 53.0 | 34.9 | 26.2 | 17.3 | 15.3 | 13.9 |
EBITA margin | 56.7% | 54.9% | 49.9% | 42.9% | 41.7% | 40.2% | 39.3% | 39.8% |
Amortization of intangibles | 2.0 | 1.2 | 1.4 | 1.4 | 1.2 | 0.1 | 0.1 | 0.1 |
EBIT | 95.2 | 70.3 | 51.6 | 33.5 | 25.0 | 17.2 | 15.2 | 13.8 |
EBIT margin | 55.5% | 54.0% | 48.6% | 41.2% | 39.8% | 39.9% | 39.0% | 39.4% |
Pre-tax income | 67.3 | 36.1 | 31.3 | 21.4 | 12.7 | 11.6 | 10.1 | 8.2 |
Income taxes | 12.5 | 6.7 | 5.1 | 3.7 | 2.1 | 4.5 | 2.3 | 1.6 |
Tax rate | 18.6% | 18.7% | 16.4% | 17.4% | 16.7% | 38.8% | 22.6% | 20.1% |
Net income | 54.8 | 29.3 | 26.2 | 17.7 | 10.5 | 7.1 | 7.8 | 6.0 |
Net margin | 32.0% | 22.5% | 24.7% | 21.8% | 16.7% | 16.5% | 20.1% | 17.3% |
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Diluted EPS | $3.44 | $2.71 | $3.10 | $2.08 | $1.48 | $1.67 | $1.85 | $1.47 |
Shares outstanding (diluted) | 15.9 | 10.8 | 8.4 | 8.5 | 7.1 | 4.3 | 4.2 | 4.1 |
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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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