Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 103.5 | 83.2 | 65.5 | 48.0 |
Revenue growth | 24.4% | 27.0% | 36.5% | |
Cost of goods sold | 24.6 | 21.8 | 17.8 | 12.7 |
Gross profit | 78.9 | 61.4 | 47.7 | 35.3 |
Gross margin | 76.2% | 73.8% | 72.8% | 73.5% |
Selling, general and administrative | | | | 4.3 |
Sales and marketing | 1.9 | 1.3 | 1.1 | 1.3 |
General and administrative | 5.6 | 6.3 | 3.9 | |
EBIT | 71.4 | 53.8 | 42.7 | 27.6 |
EBIT margin | 69.0% | 64.7% | 65.1% | 57.4% |
Pre-tax income | 62.9 | 47.1 | 37.3 | 30.4 |
Income taxes | 18.1 | 4.7 | 1.3 | 1.1 |
Tax rate | 28.7% | 10.0% | 3.6% | 3.5% |
Net income | 44.8 | 42.4 | 35.9 | 29.3 |
Net margin | 43.3% | 51.0% | 54.8% | 61.0% |
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Diluted EPS | $2.61 | $2.83 | $3.57 | $3.40 |
Shares outstanding (diluted) | 17.2 | 15.0 | 10.1 | 8.6 |
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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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