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 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 25.2 | 24.9 | 21.4 | 37.7 | 42.7 | 39.7 | 39.0 | 27.0 |
Revenue growth | 1.3% | 16.6% | -43.3% | -11.7% | 7.5% | 1.8% | 44.5% | -7.6% |
Cost of goods sold | 15.9 | 14.6 | 16.5 | 21.2 | 22.1 | 19.9 | 17.5 | 14.3 |
Gross profit | 9.3 | 10.3 | 4.9 | 16.4 | 20.6 | 19.8 | 21.5 | 12.7 |
Gross margin | 36.8% | 41.2% | 22.9% | 43.6% | 48.3% | 49.9% | 55.0% | 47.1% |
Sales and marketing | 3.2 | 2.8 | 3.6 | 4.7 | 5.0 | 4.7 | 5.0 | 5.1 |
Research and development | 1.3 | 1.1 | 1.3 | 1.6 | 1.6 | 1.4 | 1.4 | 1.6 |
General and administrative | 5.9 | 6.1 | 6.1 | 7.2 | 6.4 | 5.6 | 5.0 | 4.6 |
EBIT | -1.1 | 0.2 | -6.1 | 3.0 | 7.6 | 8.2 | 10.1 | 1.5 |
EBIT margin | -4.3% | 0.8% | -28.4% | 8.0% | 17.8% | 20.5% | 25.9% | 5.5% |
Pre-tax income | -1.0 | -0.8 | -6.2 | 3.1 | 7.7 | 8.2 | 10.0 | 1.3 |
Income taxes | 0.0 | -0.2 | -2.3 | 1.5 | 3.1 | 2.1 | 3.3 | -0.2 |
Tax rate | | 19.0% | 37.8% | 49.5% | 40.1% | 25.1% | 33.1% | |
Net income | -1.1 | -0.7 | -3.9 | 1.5 | 4.6 | 6.1 | 6.7 | 1.5 |
Net margin | -4.3% | -2.7% | -18.1% | 4.1% | 10.7% | 15.4% | 17.1% | 5.6% |
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Diluted EPS | ($0.19) | ($0.12) | ($0.70) | $0.28 | $0.83 | $1.10 | $1.22 | $0.28 |
Shares outstanding (diluted) | 5.6 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 | 5.5 | 5.4 |
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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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