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 | 46.9 | 25.8 | 26.2 | 26.2 | 23.7 | 20.1 | 23.8 | 17.4 |
Revenue growth | 81.9% | -1.5% | 0.1% | 10.6% | 17.6% | -15.5% | 36.7% | -12.8% |
Cost of goods sold | 42.8 | 22.7 | 23.9 | 6.4 | 4.0 | 5.9 | 11.3 | 3.1 |
Gross profit | 4.1 | 3.1 | 2.3 | 19.8 | 19.6 | 14.3 | 12.5 | 14.3 |
Gross margin | 8.8% | 12.0% | 8.6% | 75.7% | 82.9% | 70.9% | 52.5% | 82.1% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 15.9 | 15.2 | 13.6 | 12.0 | 12.8 |
Research and development | | | | | | | | |
EBITA | 4.6 | 3.5 | 2.5 | 3.9 | 4.3 | 0.6 | 0.5 | -4.4 |
EBITA margin | 9.7% | 13.4% | 9.7% | 14.7% | 18.3% | 3.0% | 1.9% | -25.2% |
Amortization of intangibles | 0.4 | 0.4 | 0.3 | 0.2 | 0.3 | 0.2 | 0.3 | 0.5 |
EBIT | 4.1 | 3.1 | 2.3 | 3.6 | 4.1 | 0.4 | 0.2 | -4.9 |
EBIT margin | 8.8% | 12.0% | 8.6% | 13.8% | 17.2% | 1.8% | 0.8% | -28.2% |
Pre-tax income | 11.0 | 3.0 | 6.0 | 3.0 | 4.0 | -0.7 | 0.0 | -10.4 |
Income taxes | -4.5 | -0.1 | -3.6 | -0.9 | 0.3 | -0.4 | 0.0 | 0.0 |
Tax rate | | | | | 6.7% | 62.8% | 60.0% | |
Net income | 15.5 | 3.1 | 9.7 | 3.9 | 3.8 | -0.2 | 0.0 | -10.4 |
Net margin | 33.0% | 11.8% | 36.9% | 14.9% | 15.9% | -1.2% | 0.1% | -59.8% |
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Diluted EPS | $0.42 | $0.08 | $0.30 | $0.13 | $0.13 | ($0.01) | $0.00 | ($0.37) |
Shares outstanding (diluted) | 37.1 | 36.9 | 32.7 | 29.3 | 28.9 | 28.5 | 28.4 | 28.3 |
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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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