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 |
| 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues [+] | 16.4 | 13.7 | 4.9 | 21.3 | 18.9 | 6.4 | 0.3 | 0.0 |
Net interest income | | | | | -8.3 | | | |
Revenue growth | 19.8% | 176.3% | -76.8% | 12.6% | 196.8% | 1819.6% | 773.7% | |
Cost of goods sold | 13.7 | 14.5 | 22.3 | 40.7 | 27.1 | 9.8 | 0.7 | 0.0 |
Gross profit | 2.7 | -0.8 | -17.4 | -19.4 | -8.1 | -3.4 | -0.3 | 0.0 |
Gross margin | 16.6% | -5.9% | -350.9% | -91.3% | -43.1% | -53.1% | -98.8% | 100.0% |
Selling, general and administrative [+] | 31.6 | 27.0 | 41.4 | 72.8 | 47.6 | 22.2 | 15.8 | 10.6 |
Sales and marketing | | 5.5 | 20.6 | 49.6 | 27.7 | 6.9 | 2.7 | 0.8 |
General and administrative [+] | | 21.5 | 20.8 | 23.2 | 19.8 | 15.3 | 13.0 | 9.8 |
General and administrative expenses | | 21.5 | 20.8 | 23.2 | 19.8 | 15.3 | 13.0 | 9.8 |
Other selling, general and administrative | | | | | | | | |
Research and development | 39.7 | 27.2 | 20.4 | 38.4 | 31.9 | 30.7 | 26.3 | 18.3 |
Other operating expenses | | 3.8 | 2.3 | | | | | |
EBITDA [+] | | -57.6 | -80.3 | -129.7 | -87.3 | -56.1 | -42.3 | -28.7 |
EBITDA growth | 19.2% | -28.3% | -38.0% | 48.5% | 55.7% | 32.7% | 47.3% | 55.0% |
EBITDA margin | -418.7% | -421.1% | -1623.1% | -608.7% | -461.6% | -880.1% | -12734.3% | -75510.5% |
Depreciation and amortization | | 1.2 | 1.1 | 1.0 | 0.3 | 0.2 | 0.2 | 0.1 |
EBIT [+] | -68.6 | -58.8 | -81.5 | -130.7 | -87.6 | -56.3 | -42.4 | -28.8 |
EBIT growth | 16.7% | -27.8% | -37.6% | 49.2% | 55.5% | 32.7% | 47.3% | 54.1% |
EBIT margin | -418.7% | -430.2% | -1646.2% | -613.4% | -463.1% | -883.6% | -12781.0% | -75821.1% |
Non-recurring items [+] | | -1.6 | -2.3 | | | | | |
Asset impairment | | -1.6 | -2.3 | | | | | |
Interest expense, net [+] | 16.9 | 16.7 | 16.2 | 11.8 | -2.0 | 3.1 | 1.6 | 1.1 |
Interest expense | 18.7 | 16.7 | 16.2 | 11.8 | | 3.1 | 1.6 | 1.1 |
Interest income | 1.8 | | | | 2.0 | | | 0.0 |
Other income (expense), net [+] | 227.6 | -228.6 | -79.9 | 26.9 | -8.4 | 0.3 | 0.1 | 0.0 |
Gain (loss) on debt retirement | | | -1.2 | -3.3 | | | | |
Write-off of deferred debt issuance costs | | | -1.2 | -3.3 | | | | |
Other | 0.1 | -0.2 | -0.3 | -0.5 | -0.3 | 0.2 | 0.0 | 0.0 |
Pre-tax income | 142.1 | -302.5 | -175.2 | -115.5 | -94.0 | -59.1 | -43.9 | -29.9 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | 142.1 | -302.5 | -175.2 | -115.5 | -94.0 | -59.1 | -43.9 | -30.3 |
Net margin | 867.2% | -2212.1% | -3539.5% | -542.5% | -496.9% | -927.4% | -13231.9% | -79694.7% |
|
Basic EPS [+] | $0.30 | ($0.72) | ($0.77) | ($0.61) | ($0.60) | ($0.51) | ($0.49) | ($4.32) |
Growth | -142.4% | -6.8% | 25.6% | 2.6% | 17.1% | 3.5% | -88.6% | -56.3% |
Diluted EPS [+] | $0.23 | ($0.72) | ($0.77) | ($0.61) | ($0.60) | ($0.51) | ($0.49) | ($4.32) |
Growth | -132.1% | -6.8% | 25.6% | 2.6% | 17.1% | 3.5% | -88.6% | -56.3% |
|
Shares outstanding (basic) [+] | 468.0 | 422.3 | 227.9 | 188.8 | 157.4 | 116.0 | 89.2 | 7.0 |
Growth | 10.8% | 85.3% | 20.7% | 19.9% | 35.7% | 30.0% | 1174.5% | 266.9% |
Shares outstanding (diluted) [+] | 618.2 | 422.3 | 227.9 | 188.8 | 157.4 | 116.0 | 89.2 | 7.0 |
Growth | 46.4% | 85.3% | 20.7% | 19.9% | 35.7% | 30.0% | 1174.5% | 266.9% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |