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 | 41.5 | 56.2 | 36.7 | 30.7 | 26.0 | 37.5 | 22.4 | 23.5 |
Revenue growth | -26.1% | 53.0% | 19.4% | 18.3% | -30.7% | 67.5% | -4.6% | 34.8% |
Cost of goods sold | 10.0 | 6.0 | 5.0 | 2.5 | 14.2 | 8.5 | 9.7 | 17.9 |
Gross profit | 31.5 | 50.1 | 31.7 | 28.2 | 11.8 | 29.0 | 12.6 | 5.6 |
Gross margin | 76.0% | 89.3% | 86.3% | 91.7% | 45.3% | 77.3% | 56.5% | 23.8% |
Selling, general and administrative | | | | | | | | |
Research and development | 7.0 | 7.3 | 4.3 | 1.2 | | | | |
General and administrative | 13.0 | 13.6 | 10.5 | 7.4 | 4.9 | 4.1 | 2.8 | 3.4 |
EBIT | 10.2 | 33.7 | 3.5 | 17.5 | 6.9 | 33.4 | 10.9 | -4.3 |
EBIT margin | 24.7% | 59.9% | 9.6% | 57.1% | 26.5% | 89.2% | 48.7% | -18.2% |
Pre-tax income | 9.5 | 33.0 | 3.7 | 16.8 | 6.2 | 24.0 | 10.4 | -1.1 |
Income taxes | -4.0 | 7.1 | -1.5 | -7.0 | 0.0 | 15.8 | -21.6 | 3.3 |
Tax rate | | 21.5% | | | 0.7% | 65.6% | | |
Net income | 13.5 | 25.9 | 5.2 | 23.8 | 6.2 | 3.0 | 28.9 | -7.4 |
Net margin | 32.5% | 46.2% | 14.2% | 77.5% | 23.8% | 8.1% | 129.1% | -31.4% |
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Diluted EPS | $1.05 | $2.02 | $0.40 | $1.85 | $0.47 | $0.23 | $2.22 | ($0.57) |
Shares outstanding (diluted) | 12.9 | 12.8 | 12.9 | 12.9 | 13.1 | 13.0 | 13.0 | 13.0 |
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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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