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 |
Revenues | 101.0 | 96.5 | 65.3 | 57.5 | 52.6 | 49.6 | 43.4 |
Revenue growth | 4.7% | 47.8% | 13.5% | 9.2% | 6.2% | 14.2% | |
Cost of goods sold | 39.4 | 38.3 | 28.8 | 25.8 | 21.6 | 18.0 | 0.0 |
Gross profit | 61.6 | 58.2 | 36.5 | 31.7 | 31.1 | 31.6 | 43.4 |
Gross margin | 61.0% | 60.3% | 55.9% | 55.1% | 59.0% | 63.7% | 100.0% |
Sales and marketing | 1.3 | 1.0 | 1.1 | 1.0 | 0.9 | 0.8 | 0.6 |
General and administrative | 7.7 | 6.4 | 4.2 | 3.8 | 4.2 | 3.2 | 1.4 |
EBITA | 46.7 | 45.0 | 26.4 | 22.6 | 21.9 | 24.4 | 22.3 |
EBITA margin | 46.3% | 46.7% | 40.5% | 39.4% | 41.7% | 49.3% | 51.4% |
Amortization of intangibles | 0.7 | 0.8 | 0.1 | 0.2 | 0.2 | 0.2 | |
EBIT | 46.0 | 44.3 | 26.3 | 22.4 | 21.7 | 24.2 | 22.3 |
EBIT margin | 45.6% | 45.9% | 40.2% | 39.0% | 41.2% | 48.8% | 51.4% |
Pre-tax income | 39.9 | 24.4 | 19.5 | 17.4 | 16.6 | 17.1 | 18.5 |
Income taxes | 7.4 | 4.0 | 3.4 | 3.0 | 6.7 | 6.1 | 6.0 |
Tax rate | 18.5% | 16.2% | 17.4% | 17.3% | 40.6% | 35.6% | 32.3% |
Net income | 30.6 | 19.9 | 16.1 | 14.4 | 9.8 | 11.0 | 12.4 |
Net margin | 30.3% | 20.7% | 24.7% | 25.0% | 18.7% | 22.3% | 28.6% |
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Diluted EPS | $4.00 | $2.59 | $2.07 | $1.91 | $1.49 | $1.69 | $1.92 |
Shares outstanding (diluted) | 7.7 | 7.7 | 7.8 | 7.5 | 6.6 | 6.5 | 6.5 |
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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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