Financial Summary (All financials)
| In millions, except per share items | Dec-31-04 | Dec-31-03 | Dec-31-02 |
| Revenues | 10.1 | 10.7 | 9.3 |
| Revenue growth | -5.4% | 14.5% | |
| Cost of goods sold | 1.3 | 1.2 | 1.3 |
| Gross profit | 8.8 | 9.4 | 8.0 |
| Gross margin | 87.5% | 88.7% | 86.3% |
| General and administrative | 1.9 | 2.2 | 1.2 |
| EBIT | 1.5 | 3.0 | 2.4 |
| EBIT margin | 15.3% | 28.6% | 26.1% |
| Pre-tax income | 1.5 | 3.0 | 2.3 |
| Income taxes | 0.0 | 0.5 | 0.2 |
| Tax rate | 2.9% | 15.3% | 10.7% |
| Earnings from continuing ops | 1.5 | 2.5 | 2.0 |
| Earnings from discontinued ops | 3.1 | 2.5 | 2.2 |
| Net income | 4.5 | 5.0 | 4.3 |
| Net margin | 45.0% | 46.9% | 45.9% |
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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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