Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 186.4 | 173.7 | 115.8 | 81.5 | 70.7 | 53.2 | 71.3 |
Revenue growth | 7.3% | 50.1% | 42.1% | 15.3% | 32.9% | -25.4% | |
Cost of goods sold | 70.7 | 69.5 | 48.2 | 39.4 | 35.9 | 28.2 | 27.0 |
Gross profit | 115.6 | 104.2 | 67.6 | 42.0 | 34.8 | 25.0 | 44.3 |
Gross margin | 62.0% | 60.0% | 58.4% | 51.6% | 49.3% | 47.1% | 62.1% |
Sales and marketing | 1.6 | 1.3 | 1.4 | 1.4 | 1.4 | 1.3 | 1.1 |
EBITA | 83.5 | 65.4 | 42.7 | 24.1 | 20.9 | 12.1 | 27.0 |
EBITA margin | 44.8% | 37.7% | 36.9% | 29.6% | 29.6% | 22.7% | 37.9% |
Amortization of intangibles | 2.9 | 3.1 | 1.0 | 0.4 | 0.3 | 0.0 | |
EBIT | 80.6 | 62.3 | 41.7 | 23.7 | 20.6 | 12.0 | 27.0 |
EBIT margin | 43.2% | 35.9% | 36.0% | 29.1% | 29.1% | 22.6% | 37.9% |
Pre-tax income | 80.7 | 62.4 | 41.5 | 25.4 | 21.5 | 11.8 | 26.2 |
Income taxes | 17.9 | 12.8 | 13.0 | 7.8 | 7.1 | 3.4 | 9.4 |
Tax rate | 22.2% | 20.5% | 31.2% | 30.9% | 32.9% | 29.3% | 35.8% |
Net income | 62.7 | 49.7 | 28.6 | 17.6 | 14.4 | 8.3 | 16.8 |
Net margin | 33.7% | 28.6% | 24.7% | 21.6% | 20.4% | 15.6% | 23.6% |
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Diluted EPS | $2.80 | $2.26 | $1.73 | $1.42 | $1.48 | $0.87 | $2.12 |
Shares outstanding (diluted) | 22.4 | 22.0 | 16.6 | 12.4 | 9.7 | 9.5 | 7.9 |
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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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