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 | 40.2 | 28.1 | -157.0 | -150.7 | 48.7 | 56.8 | 31.9 | 19.3 |
Revenue growth | 42.8% | -117.9% | 4.2% | -409.5% | -14.3% | 77.8% | 65.2% | 147.0% |
Cost of goods sold | 11.8 | 13.6 | 22.6 | 17.4 | 10.6 | 5.8 | 2.6 | 0.8 |
Gross profit | 28.4 | 14.5 | -179.6 | -168.1 | 38.1 | 51.0 | 29.4 | 18.6 |
Gross margin | 70.5% | 51.6% | 114.4% | 111.6% | 78.2% | 89.8% | 92.0% | 96.1% |
General and administrative | 6.3 | 7.0 | 7.7 | 5.5 | 3.9 | 3.8 | 3.3 | 3.1 |
EBIT | 90.5 | 2.2 | -33.9 | -75.4 | 36.4 | 49.6 | 29.8 | 9.0 |
EBIT margin | 225.1% | 7.9% | 21.6% | 50.0% | 74.8% | 87.4% | 93.4% | 46.8% |
Pre-tax income | 27.3 | 13.3 | -72.0 | -60.6 | 38.8 | 48.6 | 25.7 | 13.0 |
Income taxes | 5.1 | 0.8 | -18.8 | -9.9 | 4.5 | 0.6 | 0.5 | -0.3 |
Tax rate | 18.6% | 5.9% | 26.1% | 16.4% | 11.7% | 1.2% | 1.8% | |
Net income | 11.9 | 2.4 | -62.1 | -59.2 | 28.5 | 45.5 | 24.8 | 13.2 |
Net margin | 29.6% | 8.6% | 39.6% | 39.3% | 58.6% | 80.2% | 77.8% | 68.4% |
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Diluted EPS | $0.60 | $0.14 | ($3.67) | ($3.53) | $1.95 | $3.98 | $3.30 | $1.76 |
Shares outstanding (diluted) | 19.8 | 17.3 | 16.9 | 16.8 | 14.7 | 11.5 | 7.5 | 7.5 |
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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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