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 | 126.3 | 101.0 | 108.2 | 61.1 | 56.9 | 43.7 | 62.7 | 24.7 |
Revenue growth | 25.0% | -6.7% | 77.2% | 7.4% | 30.1% | -30.3% | 154.1% | -63.8% |
Cost of goods sold | 59.9 | 8.8 | 48.2 | 11.2 | 13.3 | 17.8 | 60.3 | 0.0 |
Gross profit | 66.4 | 92.2 | 60.1 | 49.9 | 43.6 | 25.9 | 2.4 | 24.7 |
Gross margin | 52.6% | 91.2% | 55.5% | 81.6% | 76.6% | 59.3% | 3.9% | 100.0% |
Selling, general and administrative | 7.5 | 14.0 | 6.5 | | | | | |
General and administrative | | | | 10.4 | 10.7 | 15.8 | 15.2 | 16.3 |
EBITA | 61.0 | 79.4 | 53.6 | 34.8 | 25.3 | 50.9 | -12.9 | 10.6 |
EBITA margin | 48.3% | 78.6% | 49.5% | 57.0% | 44.5% | 116.4% | -20.6% | 43.1% |
Amortization of intangibles | 2.1 | 1.2 | 0.0 | | | | | |
EBIT | 58.9 | 78.2 | 53.6 | 34.8 | 25.3 | 50.9 | -12.9 | 10.6 |
EBIT margin | 46.6% | 77.4% | 49.5% | 57.0% | 44.5% | 116.4% | -20.6% | 43.1% |
Pre-tax income | 0.0 | 0.0 | 0.0 | 36.2 | 27.3 | 60.7 | -11.3 | 12.4 |
Income taxes | 0.3 | 0.0 | 0.0 | 0.0 | 0.3 | 6.6 | -11.0 | 1.4 |
Tax rate | | | | 0.0% | 1.3% | 10.9% | 97.0% | 10.9% |
Earnings from continuing ops | | | | 25.6 | 7.0 | 5.7 | -53.0 | -13.9 |
Earnings from discontinued ops | | | | 0.0 | 0.0 | 0.0 | | |
Net income | 0.0 | 0.0 | 0.0 | 25.6 | 7.0 | 5.7 | -53.0 | -13.9 |
Net margin | 0.0% | 0.0% | 0.0% | 41.9% | 12.3% | 13.0% | -84.5% | -56.3% |
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Diluted EPS | $0.00 | $0.00 | $0.00 | $2.43 | $0.67 | $0.18 | ($1.73) | ($0.43) |
Shares outstanding (diluted) | 8.8 | 9.8 | 10.8 | 10.6 | 10.5 | 31.1 | 30.5 | 32.3 |
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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. |