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 | 131.0 | 101.8 | 97.3 | 64.2 | 50.4 | 46.6 | 43.8 | 40.2 |
Revenue growth | 28.7% | 4.6% | 51.6% | 27.4% | 8.1% | 6.6% | 8.8% | 3.9% |
Cost of goods sold | 25.3 | 22.4 | 20.8 | 18.6 | 15.5 | 14.1 | 13.1 | 12.3 |
Gross profit | 105.8 | 79.4 | 76.6 | 45.6 | 34.9 | 32.5 | 30.7 | 28.0 |
Gross margin | 80.7% | 78.0% | 78.7% | 71.0% | 69.2% | 69.8% | 70.1% | 69.5% |
Selling, general and administrative | 8.2 | 6.8 | 4.9 | | | | | 9.3 |
Sales and marketing | | | | 1.6 | 0.9 | 0.8 | 0.7 | |
General and administrative | 4.0 | 3.5 | 1.8 | 4.2 | 3.2 | 2.5 | 2.6 | 2.0 |
EBITA | 98.6 | 73.3 | 72.4 | 22.4 | 18.1 | 18.1 | 22.1 | 18.9 |
EBITA margin | 75.3% | 72.0% | 74.4% | 34.8% | 36.0% | 38.7% | 50.5% | 47.1% |
Amortization of intangibles | 1.0 | 0.7 | 0.7 | 0.7 | 0.2 | 0.2 | 0.3 | 0.3 |
EBIT | 97.6 | 72.6 | 71.7 | 21.6 | 18.0 | 17.8 | 21.8 | 18.6 |
EBIT margin | 74.5% | 71.3% | 73.6% | 33.7% | 35.7% | 38.2% | 49.7% | 46.3% |
Pre-tax income | 40.5 | 29.5 | 25.2 | 22.8 | 18.3 | 17.9 | 16.3 | 14.2 |
Income taxes | 8.0 | 6.0 | 5.1 | 4.4 | 3.3 | 5.2 | 4.7 | 3.8 |
Tax rate | 19.7% | 20.3% | 20.3% | 19.2% | 18.1% | 29.0% | 28.5% | 27.0% |
Net income | 32.5 | 23.5 | 20.1 | 18.4 | 14.9 | 12.7 | 11.7 | 10.3 |
Net margin | 24.8% | 23.1% | 20.6% | 28.7% | 29.7% | 27.3% | 26.7% | 25.7% |
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Diluted EPS | $2.48 | $2.03 | $1.82 | $1.67 | $1.63 | $1.39 | $1.28 | $1.13 |
Shares outstanding (diluted) | 13.1 | 11.6 | 11.1 | 11.0 | 9.2 | 9.2 | 9.1 | 9.2 |
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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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