Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 |
Revenues | 40.8 | 41.4 | 31.5 | 25.7 | 25.1 | 22.6 | 25.0 | 23.7 |
Revenue growth | -1.4% | 31.5% | 22.7% | 2.2% | 11.2% | -9.8% | 5.6% | 6.8% |
Cost of goods sold | 18.2 | 17.9 | 14.4 | 12.5 | 12.1 | 11.4 | 10.9 | 10.7 |
Gross profit | 22.7 | 23.5 | 17.1 | 13.2 | 13.0 | 11.1 | 14.1 | 13.0 |
Gross margin | 55.5% | 56.8% | 54.3% | 51.4% | 51.8% | 49.3% | 56.4% | 55.0% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 0.7 | 0.8 | 0.7 | 0.6 | 0.7 | 0.6 | 0.6 | 0.6 |
General and administrative | 2.3 | 2.5 | 1.8 | 1.6 | 1.6 | 1.5 | 1.7 | 1.3 |
EBIT | 17.5 | 18.2 | 13.1 | 9.7 | 9.4 | 7.8 | 10.7 | 9.9 |
EBIT margin | 42.8% | 44.0% | 41.5% | 37.9% | 37.5% | 34.6% | 42.5% | 41.6% |
Pre-tax income | 13.0 | 13.4 | 6.8 | 6.6 | 6.5 | 5.1 | 7.3 | 7.0 |
Income taxes | 2.3 | 5.5 | 1.9 | 1.5 | 1.7 | 1.2 | 2.1 | 2.1 |
Tax rate | 17.7% | 40.7% | 27.3% | 22.6% | 25.9% | 23.7% | 28.7% | 29.6% |
Net income | 10.7 | 7.9 | 5.0 | 5.1 | 4.7 | 3.8 | 4.9 | 4.1 |
Net margin | 26.2% | 19.2% | 15.8% | 19.8% | 18.6% | 16.7% | 19.6% | 17.4% |
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Diluted EPS | $2.48 | $1.85 | $1.55 | $1.79 | $1.66 | $1.36 | $1.79 | $1.53 |
Shares outstanding (diluted) | 4.3 | 4.3 | 3.2 | 2.8 | 2.8 | 2.8 | 2.7 | 2.7 |
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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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