Business First Bancshares, Inc. (BFST) [Rocket]

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	247.9	181.6	137.8	88.3	67.6	45.8	41.8	36.1
Revenue growth	36.5%	31.8%	56.0%	30.6%	47.8%	9.5%	15.7%	673.2%
Cost of goods sold	104.6	81.6	68.8	42.8	33.7	26.3	24.0	20.1
Gross profit	143.3	100.0	69.0	45.5	33.9	19.5	17.7	16.0
Gross margin	57.8%	55.1%	50.1%	51.6%	50.1%	42.5%	42.5%	44.4%
Selling, general and administrative				5.3	4.3	4.0	4.1	2.9
General and administrative	12.1	11.2	8.4	3.8	3.0	2.8	2.9	2.0
EBITA	108.4	67.6	40.3	35.2	26.0	12.9	11.0	11.1
EBITA margin	43.7%	37.2%	29.3%	39.9%	38.5%	28.2%	26.3%	30.8%
Amortization of intangibles	2.0	1.6	1.2	0.9	0.6	0.3	0.3	0.2
EBIT	106.4	66.0	39.1	34.3	25.5	12.6	10.7	10.9
EBIT margin	42.9%	36.3%	28.4%	38.9%	37.7%	27.6%	25.6%	30.2%
Pre-tax income	68.6	64.6	36.8	29.9	17.4	9.0	6.7	5.6
Income taxes	14.3	12.4	6.8	6.1	3.3	4.1	1.6	1.5
Tax rate	20.9%	19.2%	18.5%	20.4%	18.9%	45.8%	24.0%	27.1%
Net income	52.9	52.1	30.0	23.8	14.1	4.8	5.1	4.1
Net margin	21.3%	28.7%	21.8%	26.9%	20.8%	10.6%	12.2%	11.3%

Diluted EPS	$2.32	$2.53	$1.64	$1.74	$1.22	$0.61	$0.70	$0.59
Shares outstanding (diluted)	22.8	20.6	18.2	13.7	11.5	8.0	7.3	7.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.