In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
| 10-K/A | 10-K/A | 10-K/A |
Revenues | 33.2 | 33.6 | 31.8 |
Revenue growth | -1.4% | 5.8% | |
Cost of goods sold | 18.9 | 17.7 | 17.9 |
Gross profit | 14.3 | 16.0 | 13.9 |
Gross margin | 43.1% | 47.4% | 43.7% |
Selling, general and administrative | 27.8 | 17.7 | 10.8 |
Research and development | 10.4 | 6.3 | 5.6 |
EBITDA [+] | -22.4 | -7.4 | -2.1 |
EBITDA growth | 202.0% | 246.0% | |
EBITDA margin | -67.7% | -22.1% | -6.8% |
Depreciation | 1.0 | 0.6 | 0.5 |
EBITA | -23.5 | -8.0 | -2.6 |
EBITA margin | -70.7% | -23.9% | -8.2% |
Amortization of intangibles | 0.5 | | |
EBIT [+] | -24.0 | -8.0 | -2.6 |
EBIT growth | 198.5% | 206.2% | |
EBIT margin | -72.3% | -23.9% | -8.2% |
Interest expense, net [+] | -0.1 | 0.4 | 0.6 |
Interest expense | 0.0 | 0.4 | 0.6 |
Interest income | 0.1 | 0.0 | 0.0 |
Other income (expense), net [+] | 3.6 | 10.1 | 0.0 |
Gain (loss) on sale of assets | 0.0 | | 0.0 |
Change in fair value of warrants | 1.6 | 8.1 | |
Change in value of contingent liability | 1.8 | | |
Other | 0.3 | 0.0 | 0.0 |
Pre-tax income | -20.2 | 1.7 | -3.2 |
Income taxes | 0.0 | -0.1 | 0.0 |
Tax rate | | | 0.9% |
Net income | -20.2 | -16.4 | -3.2 |
Net margin | -61.0% | -48.7% | -10.0% |
|
Basic EPS [+] | ($0.38) | ($0.40) | ($0.09) |
Growth | -4.4% | 349.8% | |
Diluted EPS [+] | ($0.38) | ($0.40) | ($0.09) |
Growth | -4.4% | 349.8% | |
|
Shares outstanding (basic) [+] | 53.0 | 41.0 | 35.7 |
Growth | 29.1% | 14.9% | |
Shares outstanding (diluted) [+] | 53.0 | 41.0 | 35.7 |
Growth | 29.1% | 14.9% | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |