In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| 10-K | 10-K | 10-K | 10-K/A | S-1/A |
Revenues: |
Products | 190.2 | 106.0 | 13.7 | | |
EMEA | 55.1 | 24.1 | 7.8 | 9.0 | |
Revenue recognized at a point in time | 190.2 | 106.0 | 13.7 | 22.8 | 0.8 |
Product | | | | 22.8 | 0.8 |
Total revenues | 209.0 | 112.4 | 16.5 | 26.4 | 1.0 |
Revenue growth [+] | 86.0% | 582.5% | -37.7% | 2457.0% | |
Products | 79.5% | 672.7% | | | |
EMEA | 128.8% | 209.4% | -13.4% | | |
Revenue recognized at a point in time | 79.5% | 672.7% | -39.7% | 2930.4% | |
Product | | | | 2930.4% | |
APAC | 44.0% | 512.2% | 22.6% | | |
Cost of goods sold | 194.0 | 94.1 | 31.5 | 50.8 | 5.5 |
Gross profit | 15.1 | 18.3 | -15.0 | -24.4 | -4.4 |
Gross margin | 7.2% | 16.3% | -91.4% | -92.1% | -428.8% |
Selling, general and administrative [+] | 151.2 | 126.0 | 33.9 | 30.0 | 59.6 |
Sales and marketing | 68.1 | 48.0 | 13.1 | 18.7 | 14.7 |
General and administrative | 83.1 | 78.0 | 20.7 | 11.3 | 44.9 |
Research and development | 96.9 | 68.1 | 43.1 | 54.7 | 59.6 |
Other operating expenses | | 25.6 | | | |
EBITDA [+] | -182.2 | -176.6 | -83.5 | -101.0 | -119.4 |
EBITDA growth | 3.2% | 111.6% | -17.3% | -15.5% | |
EBITDA margin | -87.2% | -157.1% | -506.8% | -381.9% | -11548.3% |
Depreciation | 12.1 | 7.3 | 7.7 | 8.1 | 4.2 |
EBITA | -194.3 | -183.9 | -91.2 | -109.0 | -123.6 |
EBITA margin | -93.0% | -163.6% | -553.5% | -412.4% | -11954.8% |
Amortization of intangibles | 38.7 | 17.5 | 0.9 | | |
EBIT [+] | -233.0 | -201.5 | -92.1 | -109.0 | -123.6 |
EBIT growth | 15.6% | 118.8% | -15.6% | -11.8% | |
EBIT margin | -111.5% | -179.2% | -558.9% | -412.4% | -11954.8% |
Non-recurring items [+] | 498.8 | | | | |
Asset impairment | 498.8 | | | | |
Interest expense | 1.7 | 0.1 | 0.3 | 0.5 | 0.3 |
Interest expense | 1.7 | 0.1 | 0.3 | 0.5 | 0.3 |
Other income (expense), net [+] | -8.3 | -68.4 | 57.4 | 6.0 | 2.5 |
Change in fair value of warrants | | -56.6 | 56.4 | | |
Pre-tax income | -741.8 | -270.0 | -35.0 | -103.6 | -121.3 |
Income taxes | -1.5 | -29.7 | -0.9 | 0.0 | 0.0 |
Tax rate | 0.2% | 11.0% | 2.7% | 0.0% | 0.0% |
Net income | -740.3 | -240.3 | -34.0 | -103.6 | -121.3 |
Net margin | -354.2% | -213.8% | -206.5% | -391.8% | -11734.9% |
|
Basic EPS [+] | ($2.35) | ($0.92) | ($0.22) | ($0.69) | ($7.36) |
Growth | 155.2% | 327.8% | -68.8% | -90.6% | |
Diluted EPS [+] | ($2.35) | ($0.92) | ($0.22) | ($0.69) | ($7.36) |
Growth | 155.2% | 327.8% | -68.8% | -90.6% | |
|
Shares outstanding (basic) [+] | 314.8 | 260.8 | 157.9 | 150.0 | 16.5 |
Growth | 20.7% | 65.1% | 5.3% | 809.4% | |
Shares outstanding (diluted) [+] | 314.8 | 260.8 | 157.9 | 150.0 | 16.5 |
Growth | 20.7% | 65.1% | 5.3% | 809.4% | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |