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 |
Revenues | 97.6 | 57.3 | 47.7 | 38.5 | 32.5 | 29.0 |
Revenue growth | 70.5% | 20.0% | 24.1% | 18.3% | 12.2% | |
Cost of goods sold | 41.2 | 27.3 | 22.7 | 19.3 | 16.4 | 14.1 |
Gross profit | 56.4 | 30.0 | 25.0 | 19.1 | 16.1 | 14.9 |
Gross margin | 57.8% | 52.4% | 52.4% | 49.7% | 49.5% | 51.3% |
Sales and marketing | 0.5 | 0.3 | 0.4 | 0.4 | 0.5 | 0.4 |
General and administrative | 6.1 | 4.1 | 3.2 | 2.6 | 2.1 | 2.4 |
EBIT | 36.8 | 18.9 | 16.0 | 11.6 | 9.6 | 9.4 |
EBIT margin | 37.7% | 33.0% | 33.6% | 30.2% | 29.4% | 32.3% |
Pre-tax income | 34.4 | 19.1 | 16.7 | 12.2 | 10.1 | 7.5 |
Income taxes | 7.4 | 4.0 | 3.5 | 2.5 | 4.7 | 2.5 |
Tax rate | 21.4% | 20.9% | 20.8% | 20.8% | 46.1% | 32.9% |
Net income | 27.0 | 15.1 | 13.2 | 9.7 | 5.4 | 5.0 |
Net margin | 27.7% | 26.5% | 27.7% | 25.2% | 16.7% | 17.3% |
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Diluted EPS | $2.16 | $1.24 | $1.08 | $0.91 | $0.59 | $0.54 |
Shares outstanding (diluted) | 12.5 | 12.2 | 12.2 | 10.6 | 9.2 | 9.2 |
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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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