| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | S-1 |
| Revenues: |
| Interchange and card revenue | 22.3 | 28.1 | 25.9 | | | |
| Account fees | 9.0 | 10.5 | 11.3 | | | |
| Revenue recognized at a point in time | 78.7 | 90.4 | 62.4 | | | |
| Servicing fees from partner bank | | | 22.5 | | | |
| Total revenues | 83.6 | 94.7 | 66.4 | 0.0 | 0.0 | 12.5 |
| Revenue growth [+] | -11.7% | 42.5% | | | -100.0% | |
| Interchange and card revenue | -20.5% | 8.6% | | | | |
| Account fees | -14.7% | -6.8% | | | | |
| Revenue recognized at a point in time | -12.9% | 45.0% | | | | |
| Other revenue | -62.7% | 257.2% | | | | |
| Cost of goods sold [+] | 40.9 | 39.0 | 27.5 | 0.8 | 0.7 | 4.0 |
| Cost of services | | | | | | 3.7 |
| Labor costs | 39.9 | 38.0 | 26.1 | | | |
| Sales commissions and fees | | | | | | 0.2 |
| Occupancy costs | 1.0 | 0.9 | 1.4 | | | |
| Gross profit | 42.6 | 55.7 | 38.9 | -0.8 | -0.7 | 8.6 |
| Gross margin | 51.0% | 58.8% | 58.6% | | | 68.4% |
| Selling, general and administrative [+] | 12.4 | 12.9 | 13.5 | 0.4 | 0.4 | 0.7 |
| Sales and marketing | 0.7 | 0.7 | 0.9 | | | 0.2 |
| General and administrative [+] | 11.6 | 12.2 | 12.5 | 0.4 | 0.4 | |
| General and administrative expenses | 11.6 | 12.2 | 12.5 | 0.2 | 0.1 | |
| Professional fees | 10.7 | 10.4 | 9.3 | 0.2 | 0.3 | |
| Other selling, general and administrative | | | | | | 0.5 |
| Research and development | 29.2 | 29.3 | 27.4 | | | |
| Other operating expenses | 10.1 | 7.8 | 8.1 | 3.6 | 0.9 | 13.0 |
| EBITDA [+] | -8.3 | 6.2 | -9.1 | | | -4.4 |
| EBITDA growth | -233.7% | -168.8% | 91.2% | 143.3% | -55.6% | |
| EBITDA margin | -10.0% | 6.6% | -13.7% | | | -35.1% |
| Depreciation | 0.3 | 0.2 | 0.3 | | | 0.4 |
| EBITA | -8.6 | 6.1 | -9.4 | -4.8 | -2.0 | -4.8 |
| EBITA margin | -10.3% | 6.4% | -14.1% | | | -38.4% |
| Amortization of intangibles | 0.3 | 0.3 | 0.7 | | | 0.2 |
| EBIT [+] | -9.0 | 5.7 | -10.1 | -4.8 | -2.0 | -5.1 |
| EBIT growth | -256.4% | -157.0% | 111.7% | 143.3% | -61.4% | |
| EBIT margin | -10.7% | 6.1% | -15.1% | | | -40.3% |
| Non-recurring items | 0.3 | 0.1 | 0.7 | | | |
| Interest income, net [+] | | -0.1 | -1.4 | 4.0 | 1.2 | |
| Interest expense | | 0.1 | 1.4 | | | |
| Interest income | | | | 4.0 | 1.2 | |
| Other income (expense), net [+] | 8.1 | 17.2 | | 4.0 | 1.2 | |
| Change in fair value of warrants | 8.1 | 17.2 | | | | |
| Pre-tax income | -1.2 | 22.8 | -12.2 | 3.2 | 0.5 | -5.1 |
| Income taxes | -0.4 | 5.8 | 0.0 | 0.8 | 0.2 | 0.0 |
| Tax rate | 34.5% | 25.2% | | 25.0% | 42.4% | |
| Net income | -0.8 | 17.0 | -12.2 | 2.4 | 0.3 | -5.1 |
| Net margin | -0.9% | 18.0% | -18.4% | | | -40.4% |
| |
| Basic EPS [+] | ($0.07) | $1.44 | ($1.99) | $0.11 | $0.01 | ($50,690.00) |
| Growth | -104.5% | -172.1% | -1886.0% | 690.0% | -100.0% | |
| Diluted EPS [+] | ($0.07) | $1.43 | ($1.99) | $0.11 | $0.01 | ($50,690.00) |
| Growth | -104.6% | -171.6% | -1886.0% | 690.0% | -100.0% | |
| |
| |
| Shares outstanding (basic) [+] | 11.9 | 11.9 | 6.1 | 21.2 | 20.9 | 0.0 |
| Growth | 0.8% | 93.5% | -71.1% | 1.4% | 20861297.0% | |
| Shares outstanding (diluted) [+] | 11.9 | 11.9 | 6.1 | 21.2 | 20.9 | 0.0 |
| Growth | 0.0% | 95.0% | -71.1% | 1.4% | 20861297.0% | |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |