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 | 242.7 | 131.6 | 118.8 | 131.0 | 121.1 | 103.5 | 91.3 | 92.8 |
Revenue growth | 84.4% | 10.8% | -9.3% | 8.2% | 17.0% | 13.4% | -1.6% | 6.5% |
Cost of goods sold | 86.6 | 57.7 | 49.5 | 46.9 | 44.2 | 40.1 | 36.2 | 41.3 |
Gross profit | 156.1 | 74.0 | 69.3 | 84.1 | 76.9 | 63.4 | 55.0 | 51.5 |
Gross margin | 64.3% | 56.2% | 58.3% | 64.2% | 63.5% | 61.3% | 60.3% | 55.5% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 0.6 | 0.3 | 0.3 | 1.2 | 1.6 | 1.5 | 1.6 | 1.3 |
Research and development | 15.8 | 7.9 | 5.1 | 5.6 | 6.7 | 4.4 | 4.3 | |
General and administrative | 1.2 | 1.2 | 1.0 | 1.0 | 1.0 | 1.0 | 1.1 | 1.3 |
EBITA | 95.4 | 29.7 | 38.7 | 67.9 | 60.6 | 50.5 | 41.9 | 44.5 |
EBITA margin | 39.3% | 22.5% | 32.6% | 51.9% | 50.1% | 48.8% | 45.9% | 48.0% |
Amortization of intangibles | 2.6 | 0.6 | 0.5 | 0.5 | 0.4 | 0.1 | 0.0 | |
EBIT | 92.8 | 29.0 | 38.2 | 67.4 | 60.2 | 50.4 | 41.9 | 44.5 |
EBIT margin | 38.2% | 22.0% | 32.2% | 51.5% | 49.8% | 48.7% | 45.9% | 48.0% |
Pre-tax income | 91.5 | 27.9 | 37.4 | 51.9 | 43.9 | 34.3 | 24.5 | 24.4 |
Income taxes | 24.1 | 7.8 | 9.6 | 12.4 | 9.9 | 19.2 | 8.8 | 9.0 |
Tax rate | 26.4% | 28.1% | 25.6% | 23.9% | 22.6% | 55.9% | 36.0% | 36.8% |
Net income | 67.4 | 20.0 | 27.8 | 39.5 | 34.0 | 15.1 | 15.7 | 13.5 |
Net margin | 27.8% | 15.2% | 23.4% | 30.1% | 28.1% | 14.6% | 17.2% | 14.6% |
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Diluted EPS | $1.49 | $0.65 | $0.92 | $1.30 | $1.12 | $0.50 | $0.53 | $0.45 |
Shares outstanding (diluted) | 45.2 | 30.7 | 30.2 | 30.4 | 30.3 | 30.0 | 29.8 | 29.7 |
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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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