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 | Dec-31-14 |
Revenues | 55.3 | 42.3 | 49.2 | 29.6 | 42.3 | 39.9 | 46.8 | 65.5 |
Revenue growth | 30.7% | -14.1% | 66.5% | -30.1% | 6.0% | -14.8% | -28.5% | |
Cost of goods sold | 44.8 | 37.8 | 43.3 | 21.5 | 31.7 | 26.9 | 32.1 | 44.9 |
Gross profit | 10.4 | 4.5 | 6.0 | 8.0 | 10.6 | 13.0 | 14.7 | 20.6 |
Gross margin | 18.9% | 10.6% | 12.1% | 27.2% | 25.0% | 32.6% | 31.5% | 31.5% |
Sales and marketing | 0.2 | 1.0 | 0.3 | 0.3 | 0.7 | 0.6 | 0.9 | 1.1 |
Research and development | 8.1 | 0.9 | 0.3 | 0.4 | 0.6 | 0.1 | 1.1 | 0.7 |
General and administrative | 8.8 | 1.0 | 4.7 | 5.0 | 4.6 | 3.6 | 4.7 | 1.6 |
EBITA | -8.0 | 2.1 | 1.1 | 2.8 | 4.8 | 8.7 | 8.1 | 17.2 |
EBITA margin | -14.6% | 5.0% | 2.3% | 9.4% | 11.3% | 21.7% | 17.3% | 26.2% |
Amortization of intangibles | 0.5 | 0.4 | 0.4 | 0.4 | 0.2 | 0.0 | 0.0 | |
EBIT | -8.5 | 1.7 | 0.7 | 2.4 | 4.6 | 8.7 | 8.1 | 17.2 |
EBIT margin | -15.4% | 3.9% | 1.4% | 8.0% | 10.8% | 21.7% | 17.2% | 26.2% |
Pre-tax income | -8.3 | -10.6 | -9.3 | 2.0 | 4.5 | 8.3 | 9.2 | 17.6 |
Income taxes | 2.4 | -0.6 | 0.4 | 1.0 | 1.5 | 1.4 | 2.1 | 2.9 |
Tax rate | | 5.8% | | 50.9% | 34.1% | 16.4% | 23.1% | 16.2% |
Earnings from continuing ops | -8.4 | -6.5 | -5.5 | 1.9 | 3.7 | 13.6 | 6.5 | 0.0 |
Earnings from discontinued ops | | | -0.9 | 0.1 | 0.1 | -2.4 | 1.9 | |
Net income | -8.4 | -6.5 | -6.4 | 2.0 | 3.8 | 11.3 | 8.4 | 0.0 |
Net margin | -15.1% | -15.4% | -12.9% | 6.7% | 8.9% | 28.2% | 18.0% | 0.0% |
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Diluted EPS | ($2.01) | ($2.21) | ($1.90) | $0.07 | $0.14 | $0.59 | $0.31 | $0.33 |
Shares outstanding (diluted) | 4.1 | 3.0 | 2.9 | 28.7 | 26.0 | 23.0 | 21.2 | 0.0 |
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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. |