Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| 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 | 10-K |
| Revenues: |
| Other countries | 63.6 | 65.4 | 27.1 | 8.8 | |
| United States | 206.1 | 314.8 | 201.9 | 111.1 | |
| Total revenues | 269.7 | 380.2 | 229.0 | 119.9 | 50.8 |
| Revenue growth [+] | -29.1% | 66.0% | 91.1% | 136.1% | |
| Other countries | -2.6% | 141.1% | 207.8% | | |
| United States | -34.5% | 55.9% | 81.8% | | |
| Cost of goods sold | 30.7 | 25.2 | 12.3 | 5.7 | 2.1 |
| Gross profit | 239.0 | 354.9 | 216.8 | 114.2 | 48.7 |
| Gross margin | 88.6% | 93.4% | 94.6% | 95.2% | 95.8% |
| Selling, general and administrative [+] | 440.0 | 602.5 | 296.7 | 127.7 | 66.7 |
| Sales and marketing | 277.0 | 466.7 | 254.3 | 111.4 | 51.7 |
| General and administrative | 163.0 | 135.8 | 42.5 | 16.4 | 15.0 |
| Research and development | 52.3 | 46.2 | 23.2 | 11.2 | 7.5 |
| EBITDA [+] | -235.4 | -282.1 | -101.6 | -24.1 | -25.1 |
| EBITDA growth | -16.6% | 177.8% | 321.2% | -4.1% | |
| EBITDA margin | -87.3% | -74.2% | -44.3% | -20.1% | -49.5% |
| Depreciation | 5.4 | 4.0 | 1.6 | 0.7 | 0.4 |
| EBITA | -240.8 | -286.2 | -103.2 | -24.8 | -25.5 |
| EBITA margin | -89.3% | -75.3% | -45.1% | -20.7% | -50.3% |
| Amortization of intangibles | 12.5 | 7.7 | | | |
| EBIT [+] | -253.3 | -293.8 | -103.2 | -24.8 | -25.5 |
| EBIT growth | -13.8% | 184.7% | 315.6% | -2.8% | |
| EBIT margin | -93.9% | -77.3% | -45.1% | -20.7% | -50.3% |
| Non-recurring items [+] | 168.1 | | | | |
| Asset impairment | 168.1 | | | | |
| Interest expense | 24.0 | 1.2 | 1.3 | 2.5 | 2.2 |
| Interest expense | 24.0 | 1.2 | 1.3 | 2.5 | 2.2 |
| Other income (expense), net [+] | 6.1 | 88.0 | -44.4 | 3.7 | 0.0 |
| Change in fair value of warrants | 6.0 | 87.9 | -23.0 | | |
| Other | 0.1 | 0.0 | -21.4 | 3.7 | 0.0 |
| Pre-tax income | -439.2 | -207.1 | -149.0 | -23.6 | -27.8 |
| Income taxes | -0.3 | -19.1 | 0.1 | 0.0 | 0.0 |
| Tax rate | 0.1% | 9.2% | | 0.0% | 0.0% |
| Net income | -438.9 | -187.9 | -149.1 | -23.6 | -27.8 |
| Net margin | -162.7% | -49.4% | -65.1% | -19.7% | -54.7% |
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| Basic EPS [+] | ($1.07) | ($0.49) | ($0.51) | ($0.09) | ($0.12) |
| Growth | 119.1% | -3.5% | 460.1% | -23.2% | |
| Diluted EPS [+] | ($1.07) | ($0.48) | ($0.51) | ($0.09) | ($0.12) |
| Growth | 121.3% | -4.4% | 460.1% | -23.2% | |
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| Shares outstanding (basic) [+] | 410.0 | 384.6 | 294.5 | 261.2 | 236.0 |
| Growth | 6.6% | 30.6% | 12.8% | 10.7% | |
| Shares outstanding (diluted) [+] | 410.0 | 388.5 | 294.5 | 261.2 | 236.0 |
| Growth | 5.5% | 31.9% | 12.8% | 10.7% | |
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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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