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 |
Revenues | 128.3 | 109.7 | 81.1 | 75.3 | 66.6 | 52.5 | 41.4 |
Revenue growth | 17.0% | 35.3% | 7.7% | 13.0% | 26.8% | 26.8% | |
Cost of goods sold | 41.3 | 34.8 | 28.8 | 25.2 | 21.0 | 16.2 | 13.9 |
Gross profit | 87.0 | 74.9 | 52.2 | 50.1 | 45.6 | 36.3 | 27.5 |
Gross margin | 67.8% | 68.3% | 64.4% | 66.6% | 68.5% | 69.1% | 66.4% |
Selling, general and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
EBITA | 70.9 | 61.3 | 35.2 | 37.4 | 31.8 | 26.9 | 21.0 |
EBITA margin | 55.2% | 55.9% | 43.5% | 49.6% | 47.8% | 51.2% | 50.7% |
Amortization of intangibles | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 |
EBIT | 70.7 | 61.1 | 35.1 | 37.2 | 31.6 | 26.7 | 20.9 |
EBIT margin | 55.1% | 55.7% | 43.2% | 49.4% | 47.5% | 50.8% | 50.5% |
Pre-tax income | 71.7 | 61.6 | 35.7 | 38.3 | 32.1 | 27.0 | 21.3 |
Income taxes | 18.3 | 15.9 | 8.5 | 6.9 | 5.2 | 10.1 | 8.1 |
Tax rate | 25.5% | 25.8% | 23.8% | 18.1% | 16.3% | 37.5% | 37.9% |
Net income | 49.3 | 44.5 | 27.2 | 31.4 | 26.9 | 16.9 | 13.2 |
Net margin | 38.4% | 40.6% | 33.6% | 41.7% | 40.4% | 32.1% | 31.9% |
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Diluted EPS | $1.72 | $1.54 | $0.93 | $1.05 | $0.91 | $0.68 | $0.58 |
Shares outstanding (diluted) | 28.7 | 29.0 | 29.2 | 30.0 | 29.4 | 25.0 | 22.6 |
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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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