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 | 57.6 | 67.5 | 61.5 | 52.0 | 49.4 | 45.2 | 43.0 | 38.0 |
Revenue growth | -14.7% | 9.8% | 18.2% | 5.3% | 9.3% | 5.1% | 13.3% | 13.9% |
Cost of goods sold | 27.1 | 29.9 | 28.3 | 24.7 | 23.0 | 20.9 | 19.6 | 16.9 |
Gross profit | 30.5 | 37.6 | 33.2 | 27.4 | 26.4 | 24.3 | 23.4 | 21.1 |
Gross margin | 52.9% | 55.7% | 54.0% | 52.6% | 53.4% | 53.8% | 54.5% | 55.6% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 0.9 | 0.8 | 0.7 | 0.9 | 0.9 | 0.7 | 0.6 | 0.6 |
General and administrative | 7.9 | 8.0 | 8.6 | 6.8 | 5.8 | 4.5 | 3.2 | 3.1 |
EBITA | 18.1 | 25.6 | 20.9 | 23.9 | 20.3 | 13.6 | 13.1 | 11.2 |
EBITA margin | 31.5% | 37.9% | 33.9% | 46.0% | 41.2% | 30.2% | 30.4% | 29.6% |
Amortization of intangibles | 0.1 | 0.1 | 0.0 | | | 0.0 | 0.0 | 0.2 |
EBIT | 18.1 | 25.6 | 20.8 | 23.9 | 20.3 | 13.6 | 13.1 | 11.0 |
EBIT margin | 31.4% | 37.8% | 33.8% | 46.0% | 41.2% | 30.2% | 30.4% | 29.1% |
Pre-tax income | 15.3 | 22.7 | 18.4 | 14.6 | 14.4 | 13.6 | 12.9 | 11.0 |
Income taxes | 2.8 | 4.4 | 3.5 | 2.7 | 2.8 | 2.6 | 4.1 | 3.4 |
Tax rate | 18.2% | 19.6% | 19.0% | 18.2% | 19.4% | 18.8% | 31.9% | 30.9% |
Net income | 12.5 | 18.3 | 14.9 | 11.0 | 10.7 | 10.1 | 7.8 | 6.7 |
Net margin | 21.7% | 27.1% | 24.3% | 21.2% | 21.6% | 22.3% | 18.2% | 17.6% |
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Diluted EPS | $1.78 | $2.56 | $1.96 | $0.00 | $0.00 | $1.59 | $0.00 | $0.00 |
Shares outstanding (diluted) | 7.0 | 7.1 | 7.6 | 7,935.0 | 7,719.0 | 6.4 | 6,376.0 | 6,423.0 |
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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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