Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
Revenues | 99.4 | 99.4 | 87.8 | 87.8 | 77.5 | 90.6 | 83.0 | 91.4 |
Revenue growth | 13.2% | 13.2% | 13.4% | | -14.5% | 9.2% | -9.3% | 7.6% |
Cost of goods sold | 53.7 | 53.7 | 47.3 | 47.3 | 39.5 | 49.1 | 51.9 | 52.6 |
Gross profit | 45.7 | 45.7 | 40.5 | 40.5 | 37.9 | 41.5 | 31.1 | 38.8 |
Gross margin | 46.0% | 46.0% | 46.1% | 46.1% | 49.0% | 45.8% | 37.5% | 42.4% |
Sales and marketing | 14.7 | 14.7 | 13.3 | 13.3 | 11.1 | 12.3 | 12.1 | 12.6 |
Research and development | | 12.8 | | 13.4 | 12.5 | 12.3 | 11.9 | 11.1 |
General and administrative | | 14.5 | | 12.4 | 10.8 | 13.5 | 12.4 | 13.1 |
EBITA | 2.1 | 3.7 | 0.2 | 1.4 | 3.6 | 4.2 | -4.5 | 2.6 |
EBITA margin | 2.1% | 3.7% | 0.3% | 1.6% | 4.7% | 4.6% | -5.5% | 2.8% |
Amortization of intangibles | | 0.3 | | 0.3 | 0.1 | 0.9 | 1.1 | 1.2 |
EBIT | 2.1 | 3.4 | 0.2 | 1.1 | 3.5 | 3.3 | -5.6 | 1.4 |
EBIT margin | 2.1% | 3.4% | 0.3% | 1.3% | 4.5% | 3.7% | -6.8% | 1.6% |
Pre-tax income | 2.5 | 2.5 | 0.2 | 0.2 | 3.4 | 3.8 | -5.1 | 1.5 |
Income taxes | -0.4 | -0.4 | 0.0 | 0.0 | 0.0 | 0.0 | 7.8 | -2.5 |
Tax rate | | | 20.3% | 20.3% | 0.8% | 1.1% | | |
Net income | 2.9 | 2.9 | 0.2 | 0.2 | 3.4 | 3.8 | -12.9 | 3.8 |
Net margin | 2.9% | 2.9% | 0.2% | 0.2% | 4.4% | 4.1% | -15.5% | 4.2% |
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Diluted EPS | $0.15 | $0.15 | $0.01 | $0.01 | $0.19 | $0.21 | ($0.75) | $0.24 |
Shares outstanding (diluted) | 18.5 | 18.5 | 18.1 | 18.1 | 18.4 | 18.2 | 17.2 | 16.9 |
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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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