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 | Dec-31-18 |
| | 10-K | 10-K | 10-K | 10-K | S-1/A |
| Total revenues | 1,579.8 | 1,194.3 | 695.0 | 384.9 | 332.1 |
| Revenue growth | 32.3% | 71.8% | 80.6% | 15.9% | |
| Cost of goods sold | 1,540.3 | 1,117.6 | 634.8 | 340.7 | 379.2 |
| Gross profit | 39.4 | 76.6 | 60.2 | 44.2 | -47.1 |
| Gross margin | 2.5% | 6.4% | 8.7% | 11.5% | -14.2% |
| Selling, general and administrative [+] | 300.6 | 193.4 | 120.0 | 69.1 | 5.4 |
| Sales and marketing | 117.1 | 80.1 | 55.1 | 40.6 | 5.4 |
| General and administrative | 183.5 | 113.3 | 64.9 | 28.4 | |
| Research and development | 57.2 | 33.6 | 21.0 | 14.0 | |
| Other operating expenses | 9.5 | 18.0 | -76.4 | | |
| EBITDA [+] | -328.0 | -168.3 | -4.4 | -38.8 | -17.3 |
| EBITDA growth | 94.9% | 3693.2% | -88.6% | 124.7% | |
| EBITDA margin | -20.8% | -14.1% | -0.6% | -10.1% | -5.2% |
| Depreciation | 41.5 | 32.4 | 39.0 | 38.5 | 35.2 |
| EBITA | -369.5 | -200.7 | -43.5 | -77.2 | -52.5 |
| EBITA margin | -23.4% | -16.8% | -6.3% | -20.1% | -15.8% |
| Amortization of intangibles | 24.4 | 21.8 | 19.5 | 0.9 | |
| EBIT [+] | -393.9 | -222.5 | -63.0 | -78.1 | -52.5 |
| EBIT growth | 77.0% | 253.4% | -19.4% | 48.9% | |
| EBIT margin | -24.9% | -18.6% | -9.1% | -20.3% | -15.8% |
| Non-recurring items [+] | 166.1 | -19.2 | | | |
| Asset impairment | 180.0 | | | | |
| Loss (gain) on sale of assets | -4.4 | -1.3 | | | |
| Interest expense, net [+] | 3.8 | 9.5 | 22.4 | 28.7 | |
| Interest expense | 7.5 | 9.5 | 23.0 | 29.4 | |
| Interest income | 3.7 | 0.1 | 0.6 | 0.6 | |
| Other income (expense), net [+] | 8.5 | 15.6 | | | -30.8 |
| Gain (loss) on debt retirement | | -2.4 | | | |
| Change in fair value of warrants | 9.5 | 18.0 | | | |
| Other | -1.0 | | | | -30.8 |
| Pre-tax income | -555.4 | -197.2 | -85.4 | -106.9 | -83.2 |
| Income taxes | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 |
| Tax rate | | | 0.0% | 0.0% | 0.0% |
| Minority interest | -0.4 | -7.2 | -6.8 | -10.6 | |
| Net income | -555.2 | -190.0 | -78.6 | -96.3 | -83.2 |
| Net margin | -35.1% | -15.9% | -11.3% | -25.0% | -25.1% |
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| Basic EPS [+] | ($2.26) | ($0.93) | ($0.48) | ($0.93) | |
| Growth | 143.5% | 91.7% | -47.8% | | |
| Diluted EPS [+] | ($2.26) | ($0.93) | ($0.48) | ($0.93) | |
| Growth | 143.5% | 91.7% | -47.8% | | |
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| Shares outstanding (basic) [+] | 245.7 | 204.8 | 162.5 | 103.8 | |
| Growth | 20.0% | 26.0% | 56.6% | | |
| Shares outstanding (diluted) [+] | 245.7 | 204.8 | 162.5 | 103.8 | |
| Growth | 20.0% | 26.0% | 56.6% | | |
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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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