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 | 247.5 | 204.8 | 202.2 | 150.8 | 140.6 | 98.5 | 60.9 | 53.0 |
Revenue growth | 20.8% | 1.3% | 34.0% | 7.3% | 42.7% | 61.6% | 15.0% | 8.6% |
Cost of goods sold | 74.2 | 64.3 | 62.9 | 60.8 | 56.1 | 40.3 | 26.5 | 23.4 |
Gross profit | 173.3 | 140.5 | 139.3 | 90.1 | 84.4 | 58.2 | 34.4 | 29.7 |
Gross margin | 70.0% | 68.6% | 68.9% | 59.7% | 60.1% | 59.1% | 56.5% | 55.9% |
Sales and marketing | | | | 3.1 | 3.0 | 2.1 | 1.2 | 1.2 |
General and administrative | 17.8 | 15.2 | 12.9 | 16.9 | 13.3 | 8.5 | 6.7 | 5.8 |
EBITA | 72.0 | 65.2 | 30.5 | 37.3 | 56.3 | 37.4 | 19.6 | 16.7 |
EBITA margin | 29.1% | 31.8% | 15.1% | 24.7% | 40.1% | 38.0% | 32.2% | 31.5% |
Amortization of intangibles | | | | 3.2 | 2.5 | 1.1 | 0.4 | 0.3 |
EBIT | 72.0 | 65.2 | 30.5 | 34.1 | 53.8 | 36.4 | 19.2 | 16.4 |
EBIT margin | 29.1% | 31.8% | 15.1% | 22.6% | 38.3% | 36.9% | 31.5% | 31.0% |
Pre-tax income | 70.3 | 64.4 | -74.6 | 32.9 | 46.2 | 31.0 | 13.9 | 14.4 |
Income taxes | 12.6 | 12.0 | 0.4 | 7.3 | 10.4 | 10.4 | 4.5 | 4.1 |
Tax rate | 17.9% | 18.6% | | 22.2% | 22.4% | 33.4% | 32.4% | 28.7% |
Net income | 57.7 | 52.5 | -75.0 | 25.6 | 35.8 | 20.6 | 9.4 | 10.1 |
Net margin | 23.3% | 25.6% | -37.1% | 17.0% | 25.5% | 21.0% | 15.4% | 19.1% |
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Diluted EPS | $3.51 | $3.43 | ($4.97) | $1.61 | $2.28 | $1.62 | $1.07 | $1.54 |
Shares outstanding (diluted) | 16.4 | 15.3 | 15.1 | 15.8 | 15.7 | 12.7 | 8.8 | 6.6 |
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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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