Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
Revenues | 21.0 | 34.5 | 13.1 |
Revenue growth | -39.3% | 163.7% | |
Cost of goods sold | 15.2 | 28.7 | 8.6 |
Gross profit | 5.8 | 5.8 | 4.5 |
Gross margin | 27.5% | 16.9% | 34.5% |
Sales and marketing | 1.0 | 1.3 | 1.0 |
Research and development | 1.5 | 2.3 | 1.9 |
General and administrative | 1.2 | 1.1 | 1.1 |
EBIT | 2.1 | 1.1 | 0.5 |
EBIT margin | 9.9% | 3.3% | 4.2% |
Pre-tax income | 1.1 | 0.9 | 0.4 |
Income taxes | 0.1 | 0.6 | 0.0 |
Tax rate | 12.0% | 63.3% | |
Net income | 0.9 | 0.3 | 0.4 |
Net margin | 4.4% | 0.9% | 3.4% |
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Diluted EPS | $0.05 | $0.02 | $0.02 |
Shares outstanding (diluted) | 20.4 | 20.0 | 20.0 |
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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. |
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