Overview Financials News + Filings Key Docs Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
| | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Smart Building Platform | 55.4 | 28.7 | | |
| United States | 91.1 | 63.5 | 30.7 | 19.4 |
| Canada | 10.1 | 9.6 | 1.4 | 4.5 |
| Smart Glass | 35.0 | 41.7 | 32.9 | 24.0 |
| Total revenues | 101.3 | 74.0 | 32.9 | 24.0 |
| Revenue growth [+] | 36.9% | 124.8% | 37.4% | |
| Smart Building Platform | 93.0% | | | |
| United States | 43.5% | 107.0% | 58.2% | |
| Canada | 6.0% | 607.3% | -69.8% | |
| Smart Glass | -16.2% | 26.8% | 37.4% | |
| Products | 32.0% | 124.3% | 32.7% | |
| Cost of goods sold | 186.2 | 194.7 | 120.6 | 203.7 |
| Gross profit | -84.9 | -120.7 | -87.7 | -179.8 |
| Gross margin | -83.8% | -163.1% | -266.4% | -750.5% |
| Selling, general and administrative | 159.7 | 131.2 | 74.0 | 73.5 |
| Research and development | 70.3 | 93.5 | 68.8 | 74.9 |
| Other operating expenses | 16.9 | | | |
| EBITDA [+] | -307.9 | -303.6 | -205.5 | -302.9 |
| EBITDA growth | 1.4% | 47.7% | -32.1% | |
| EBITDA margin | -303.8% | -410.3% | -624.2% | -1264.5% |
| Depreciation and amortization | 24.0 | 41.8 | 25.0 | 25.2 |
| EBIT [+] | -331.8 | -345.4 | -230.5 | -328.2 |
| EBIT growth | -3.9% | 49.9% | -29.8% | |
| EBIT margin | -327.5% | -466.7% | -700.0% | -1369.9% |
| Non-recurring items [+] | 9.1 | | | -22.5 |
| Asset impairment | 9.1 | | | |
| Legal settlement | | | | -22.5 |
| Interest expense, net [+] | 2.9 | 5.9 | 26.3 | 5.0 |
| Interest expense | 2.9 | 5.9 | 26.8 | 10.6 |
| Interest income | | | 0.5 | 5.6 |
| Other income (expense), net [+] | 6.9 | 7.9 | 7.1 | -1.4 |
| Gain (loss) on debt retirement | | -10.0 | | -3.0 |
| Other | -0.4 | -6.4 | 0.0 | -0.1 |
| Pre-tax income | -336.9 | -343.4 | -249.7 | -312.1 |
| Income taxes | 0.1 | -0.4 | 0.0 | 0.1 |
| Tax rate | | 0.1% | | |
| Net income | -337.1 | -343.0 | -249.7 | -312.1 |
| Net margin | -332.7% | -463.4% | -758.4% | -1302.9% |
| |
| Basic EPS [+] | ($1.56) | ($1.97) | ($148.81) | ($198.66) |
| Growth | -20.8% | -98.7% | -25.1% | |
| Diluted EPS [+] | ($1.56) | ($1.97) | ($148.81) | ($198.66) |
| Growth | -20.8% | -98.7% | -25.1% | |
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| Shares outstanding (basic) [+] | 215.6 | 173.7 | 1.7 | 1.6 |
| Growth | 24.1% | 10250.6% | 6.8% | |
| Shares outstanding (diluted) [+] | 215.6 | 173.7 | 1.7 | 1.6 |
| Growth | 24.1% | 10250.6% | 6.8% | |
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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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