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In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 |
| 10-K | 10-K | 10-K |
Revenues | 170.2 | 68.4 | 30.9 |
Revenue growth | 148.7% | 121.8% | |
Cost of goods sold | 46.2 | 20.3 | 8.3 |
Gross profit | 124.0 | 48.2 | 22.5 |
Gross margin | 72.9% | 70.4% | 73.1% |
Selling, general and administrative [+] | 133.7 | 59.5 | 27.6 |
Sales and marketing | 78.1 | 36.4 | 16.5 |
General and administrative | 55.7 | 23.1 | 11.1 |
Research and development | 49.8 | 24.9 | 12.0 |
Other operating expenses | 1.7 | -2.4 | |
EBITDA [+] | -55.3 | -31.9 | -16.7 |
EBITDA growth | 73.2% | 91.6% | |
EBITDA margin | -32.5% | -46.7% | -54.0% |
Depreciation | 3.3 | 1.3 | 0.4 |
EBITA | -58.6 | -33.2 | -17.0 |
EBITA margin | -34.5% | -48.5% | -55.2% |
Amortization of intangibles | 2.6 | 0.6 | 0.0 |
EBIT [+] | -61.2 | -33.8 | -17.0 |
EBIT growth | 81.2% | 98.3% | |
EBIT margin | -36.0% | -49.4% | -55.2% |
Non-recurring items [+] | -0.8 | 1.2 | |
Unusual expense | -0.8 | 1.2 | |
Other income (expense), net [+] | 3.7 | 1.6 | 0.1 |
Change in value of contingent liability | 0.8 | -1.2 | |
Other | 3.7 | 1.6 | 0.1 |
Pre-tax income | -56.6 | -33.4 | -16.9 |
Income taxes | -1.4 | 0.0 | -0.1 |
Tax rate | 2.4% | | 0.4% |
Net income | -55.4 | -33.5 | -17.0 |
Net margin | -32.5% | -49.0% | -55.1% |
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Basic EPS [+] | ($1.09) | ($2.02) | ($1.18) |
Growth | -46.3% | 71.9% | |
Diluted EPS [+] | ($1.09) | ($2.02) | ($1.18) |
Growth | -46.3% | 71.9% | |
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Shares outstanding (basic) [+] | 50.9 | 16.6 | 14.4 |
Growth | 207.3% | 14.8% | |
Shares outstanding (diluted) [+] | 50.9 | 16.6 | 14.4 |
Growth | 207.3% | 14.8% | |
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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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