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 | 61.2 | 51.7 | 50.7 | 53.6 | 56.1 | 46.2 | 31.0 | 13.8 |
Revenue growth | 18.3% | 2.1% | -5.4% | -4.5% | 21.3% | 49.1% | 125.4% | 226.1% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 61.2 | 51.7 | 50.7 | 53.6 | 56.1 | 46.2 | 31.0 | 13.8 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | | | | | | | | |
General and administrative | 14.9 | 18.4 | 9.6 | 10.1 | 9.7 | 8.7 | 8.5 | 5.3 |
EBIT | 25.1 | 16.9 | 22.3 | 26.3 | 29.9 | 23.5 | 18.2 | 6.5 |
EBIT margin | 41.1% | 32.6% | 44.1% | 49.2% | 53.3% | 50.8% | 58.6% | 47.1% |
Pre-tax income | 12.2 | 10.3 | 7.5 | 14.9 | 14.0 | 9.2 | 6.0 | 1.7 |
Income taxes | 0.2 | 0.0 | 0.0 | 1.0 | 1.8 | 1.2 | 0.0 | 0.0 |
Tax rate | 1.9% | 0.0% | 0.0% | 6.5% | 12.7% | 13.6% | 0.2% | 0.6% |
Net income | 8.4 | -5.8 | -5.3 | 1.3 | -0.4 | 0.9 | 1.2 | 0.8 |
Net margin | 13.7% | -11.3% | -10.4% | 2.5% | -0.7% | 2.0% | 3.8% | 5.9% |
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Diluted EPS | $0.16 | ($0.17) | ($0.18) | $0.04 | ($0.01) | $0.03 | $0.09 | $0.08 |
Shares outstanding (diluted) | 51.0 | 34.6 | 29.4 | 30.2 | 32.2 | 31.2 | 13.2 | 9.6 |
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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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