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 | Sep-30-18 | Sep-30-17 | Sep-30-16 |
Revenues | 66.8 | 69.5 | 69.2 | 0.0 | 58.1 | 38.4 | 27.0 | 24.0 |
Revenue growth | -3.9% | 0.5% | | -100.0% | | 42.1% | 12.6% | 6.7% |
Cost of goods sold | 27.6 | 28.1 | 27.8 | 0.0 | 3.0 | 18.0 | 13.6 | 12.7 |
Gross profit | 39.2 | 41.4 | 41.4 | 0.0 | 55.1 | 20.4 | 13.4 | 11.3 |
Gross margin | 58.7% | 59.6% | 59.8% | | 94.9% | 53.2% | 49.5% | 47.1% |
Selling, general and administrative | | | | 0.0 | 25.4 | | | |
Sales and marketing | 1.0 | 1.0 | 1.0 | 0.0 | | 0.7 | 0.5 | 0.7 |
General and administrative | 7.2 | 7.1 | 7.0 | 0.0 | 3.2 | 5.3 | 4.1 | 3.2 |
EBITA | 31.0 | 33.4 | 33.5 | 0.0 | 29.7 | 14.4 | 8.7 | 7.4 |
EBITA margin | 46.4% | 48.0% | 48.4% | | 51.1% | 37.6% | 32.2% | 31.0% |
Amortization of intangibles | 1.4 | 1.6 | 1.6 | | 0.8 | 0.6 | 0.2 | 0.1 |
EBIT | 29.6 | 31.8 | 31.9 | 0.0 | 28.9 | 13.8 | 8.5 | 7.3 |
EBIT margin | 44.2% | 45.7% | 46.1% | | 49.7% | 35.9% | 31.4% | 30.5% |
Pre-tax income | 23.6 | 29.0 | 17.3 | 0.3 | 6.2 | 6.6 | 3.8 | 3.9 |
Income taxes | 5.8 | 7.7 | 4.6 | 0.1 | 2.0 | 2.3 | 1.3 | 1.3 |
Tax rate | 24.7% | 26.6% | 26.4% | 27.0% | 32.3% | 35.2% | 34.6% | 33.3% |
Net income | 17.8 | 21.3 | 12.7 | 0.2 | 4.2 | 4.3 | 2.5 | 2.6 |
Net margin | 26.6% | 30.6% | 18.4% | | 7.2% | 11.2% | 9.2% | 10.7% |
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Diluted EPS | $1.69 | $1.98 | $1.14 | $0.02 | $0.49 | $0.58 | $0.47 | $0.49 |
Shares outstanding (diluted) | 10.5 | 10.7 | 11.2 | 11.3 | 8.6 | 7.3 | 5.4 | 5.2 |
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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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