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Income Statement
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Common Size IS
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CVRx, Inc. (CVRX)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19
   8-K10-K10-KS-1/A
Revenues:  
    Germany   3.33.8 
    U.S.   9.11.7 
    Other countries   0.60.5 
Total revenues  22.513.06.16.3
            Revenue growth   [+]72.4%115.4%-3.3% 
Cost of goods sold  5.03.61.41.7
Gross profit  17.59.44.64.6
            Gross margin  77.8%72.1%76.2%73.1%
Selling, general and administrative  50.027.99.76.1
Research and development  10.07.56.48.7
EBITDA   [+] -25.8-11.4 
            EBITDA margin  -189.3%-197.9%-189.0%-162.9%
Depreciation and amortization   0.20.1 
EBIT   [+]-42.5-26.0-11.5-10.2
            EBIT margin  -189.3%-199.2%-190.2%-162.9%
Interest expense  0.22.22.51.7
Other income (expense), net  1.4-14.80.0-2.6
Pre-tax income  -41.3-43.0-14.0-14.6
Income taxes  0.10.10.10.1
Net income  -41.4-43.1-14.1-14.6
            Net margin  -184.4%-330.5%-233.1%-233.9%
   
Basic EPS   [+]($2.02)($4.16)($36.45)($30.32)
Diluted EPS   [+]($2.02)($4.16)($36.45)($30.32)
   
Shares outstanding (basic)   [+]20.510.40.40.5
Shares outstanding (diluted)   [+]20.510.40.40.5
   
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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