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 | 22.4 | 22.7 | 41.7 | 48.9 | 52.8 | 46.1 | 31.3 | 33.1 |
Revenue growth | -1.4% | -45.7% | -14.7% | -7.3% | 14.6% | 47.1% | -5.4% | -17.9% |
Cost of goods sold | 9.5 | 9.7 | 20.8 | 26.6 | 28.6 | 26.8 | 18.2 | 18.3 |
Gross profit | 12.8 | 13.0 | 21.0 | 22.3 | 24.2 | 19.3 | 13.2 | 14.8 |
Gross margin | 57.4% | 57.2% | 50.2% | 45.6% | 45.8% | 41.8% | 42.0% | 44.8% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 4.0 | 4.0 | 7.0 | 7.7 | 7.6 | 7.0 | 5.2 | 5.2 |
Research and development | 1.8 | 1.7 | 6.4 | 5.9 | 4.9 | 4.4 | 4.0 | 4.0 |
General and administrative | 9.6 | 9.1 | 9.9 | 10.2 | 10.3 | 11.0 | 6.5 | 5.0 |
EBITA | -2.1 | -1.3 | -6.9 | -0.4 | 1.9 | -2.0 | -2.5 | 0.7 |
EBITA margin | -9.3% | -5.6% | -16.5% | -0.8% | 3.6% | -4.3% | -8.1% | 2.3% |
Amortization of intangibles | 0.6 | 0.6 | 0.1 | 1.1 | 1.1 | 0.9 | | |
EBIT | -2.6 | -1.8 | -7.0 | -1.5 | 0.8 | -2.9 | -2.5 | 0.7 |
EBIT margin | -11.8% | -8.1% | -16.8% | -3.0% | 1.5% | -6.2% | -8.1% | 2.3% |
Pre-tax income | -3.2 | -1.2 | -8.9 | -1.8 | 0.1 | -3.2 | -2.2 | 0.7 |
Income taxes | -0.7 | -0.6 | -0.8 | -1.4 | 0.0 | 1.2 | -0.4 | 0.3 |
Tax rate | 22.9% | 44.5% | 9.1% | 76.8% | 57.8% | | 16.1% | 47.9% |
Net income | 14.6 | 1.5 | -8.1 | -0.4 | 0.0 | -4.5 | -1.8 | 0.4 |
Net margin | 65.2% | 6.6% | -19.4% | -0.8% | 0.1% | -9.8% | -5.8% | 1.1% |
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Diluted EPS | ($0.11) | ($0.03) | ($0.37) | ($0.02) | $0.00 | ($0.22) | ($0.10) | $0.02 |
Shares outstanding (diluted) | 22.5 | 24.3 | 21.7 | 21.1 | 21.6 | 20.0 | 18.5 | 20.3 |
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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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