Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 |
Revenues | 27.3 | 28.4 |
Revenue growth | -4.0% | |
Cost of goods sold | 9.6 | 6.0 |
Gross profit | 17.7 | 22.4 |
Gross margin | 64.9% | 78.8% |
Sales and marketing | 0.6 | 0.6 |
General and administrative | 0.7 | 0.7 |
EBIT | 14.0 | 18.6 |
EBIT margin | 51.4% | 65.6% |
Pre-tax income | 5.5 | 6.5 |
Income taxes | 1.4 | 1.7 |
Tax rate | 26.1% | 25.6% |
Net income | 4.0 | 4.9 |
Net margin | 14.8% | 17.1% |
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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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