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 | Dec-31-15 | Dec-31-14 |
Revenues | 90.6 | 75.7 | 60.8 | 48.6 | 37.3 | 25.2 | 8.6 | 0.0 |
Revenue growth | 19.7% | 24.4% | 25.3% | 30.3% | 47.9% | 191.9% | | |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 90.6 | 75.7 | 60.8 | 48.6 | 37.3 | 25.2 | 8.6 | 0.0 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |
Selling, general and administrative | | | | | | | | 0.0 |
General and administrative | 12.1 | 8.8 | 7.7 | 5.6 | 4.0 | 3.4 | 2.5 | 0.0 |
EBITA | 52.8 | 44.5 | 36.7 | 29.2 | 21.3 | 5.0 | -0.8 | 0.0 |
EBITA margin | 58.3% | 58.8% | 60.4% | 60.2% | 57.1% | 19.9% | -9.5% | |
Amortization of intangibles | 9.4 | 8.1 | 9.2 | 9.9 | 10.5 | | | |
EBIT | 43.4 | 36.4 | 27.5 | 19.3 | 10.8 | 5.0 | -0.8 | 0.0 |
EBIT margin | 47.9% | 48.1% | 45.2% | 39.8% | 28.9% | 19.9% | -9.5% | |
Pre-tax income | 32.9 | 27.9 | 18.7 | 13.4 | 6.9 | 3.9 | -1.4 | 0.0 |
Income taxes | 0.3 | 0.2 | 1.5 | 0.1 | 0.2 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.9% | 0.6% | 8.0% | 0.5% | 2.5% | 0.3% | | |
Net income | 22.5 | 19.1 | 8.4 | 4.4 | 3.5 | 2.7 | -1.5 | 0.0 |
Net margin | 24.8% | 25.2% | 13.8% | 9.1% | 9.4% | 10.8% | -16.9% | |
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Diluted EPS | $0.97 | $0.88 | $0.45 | $0.25 | $0.24 | $0.24 | ($0.31) | $0.00 |
Shares outstanding (diluted) | 23.3 | 21.6 | 18.7 | 17.7 | 14.8 | 11.3 | 4.7 | 200.0 |
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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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