Financial Summary (All financials)
In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 |
Revenues | 88.8 | 81.7 | 66.2 | 45.8 | 20.4 | 21.9 | 21.8 | 22.5 |
Revenue growth | 8.7% | 23.3% | 44.6% | 124.5% | -7.0% | 0.5% | -2.9% | 67.0% |
Cost of goods sold | 35.5 | 38.6 | 32.2 | 26.3 | 13.5 | 13.6 | 14.0 | 13.5 |
Gross profit | 53.3 | 43.1 | 34.1 | 19.5 | 6.9 | 8.4 | 7.9 | 9.0 |
Gross margin | 60.0% | 52.8% | 51.5% | 42.6% | 33.6% | 38.1% | 36.0% | 40.0% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 1.1 | 1.6 | 2.5 | 1.4 | 0.3 | 0.3 | 0.3 | 0.3 |
General and administrative | 8.5 | 8.9 | 9.4 | 8.4 | 2.5 | 3.5 | 3.2 | 3.3 |
EBITA | 43.6 | 32.6 | 22.1 | 9.7 | 4.1 | 4.6 | 4.3 | 5.4 |
EBITA margin | 49.2% | 40.0% | 33.4% | 21.2% | 19.9% | 21.0% | 19.9% | 24.1% |
Amortization of intangibles | 1.0 | 1.0 | 0.7 | 0.3 | | | | |
EBIT | 42.6 | 31.6 | 21.4 | 9.4 | 4.1 | 4.6 | 4.3 | 5.4 |
EBIT margin | 48.0% | 38.7% | 32.3% | 20.5% | 19.9% | 21.0% | 19.9% | 24.1% |
Pre-tax income | 34.3 | 24.3 | 15.2 | 3.7 | 0.7 | 0.8 | -19.0 | -5.0 |
Income taxes | 13.0 | 6.9 | 4.6 | -20.6 | 0.0 | 0.0 | 0.0 | -0.5 |
Tax rate | 37.9% | 28.2% | 30.5% | | 1.5% | 0.0% | 0.0% | 9.5% |
Net income | 21.3 | 17.5 | 10.6 | 24.3 | 0.7 | 0.8 | -8.5 | -4.9 |
Net margin | 24.0% | 21.4% | 16.0% | 53.1% | 3.6% | 3.4% | -39.1% | -21.9% |
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Diluted EPS | $0.56 | $0.46 | $0.30 | $0.84 | $0.03 | $0.04 | ($0.67) | ($5.08) |
Shares outstanding (diluted) | 37.9 | 37.8 | 34.7 | 28.9 | 23.2 | 20.6 | 12.7 | 1.0 |
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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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