In millions, except per share items | Jun-30-23 | Mar-31-23 | Dec-31-22 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 |
| 8-K | 8-K | 10-K | 10-Q/A | 10-Q | 10-Q/A | 10-K | 10-Q/A |
Revenues: |
United States | | | 4.8 | 4.9 | 5.3 | 5.0 | 3.3 | |
United Kingdom | | | 0.2 | 0.3 | 0.4 | 0.4 | 0.5 | |
Denmark | | | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | |
Total revenues | 5.7 | 4.9 | 5.4 | 5.5 | 6.1 | 5.8 | 4.2 | 4.4 |
Revenue growth [+] | -6.7% | -15.7% | 28.2% | 24.3% | 32.8% | 41.8% | 15.0% | |
United States | | | 45.5% | | | | | |
United Kingdom | | | -59.7% | | | | | |
Denmark | | | -10.5% | | | | | |
Cost of goods sold | 2.5 | 3.5 | 4.2 | 4.6 | 4.7 | 4.0 | 2.0 | 0.9 |
Gross profit | 3.2 | 1.3 | 1.2 | 0.9 | 1.4 | 1.7 | 2.2 | 3.5 |
Gross margin | 56.3% | 27.6% | 21.9% | 16.4% | 22.9% | 30.3% | 52.2% | 80.1% |
Selling, general and administrative [+] | 26.6 | 28.7 | 30.1 | 29.5 | 28.9 | 26.0 | 22.9 | 18.8 |
Sales and marketing | 19.4 | 21.5 | | 22.9 | 22.4 | 19.5 | | |
General and administrative | | | 7.2 | | | | 6.5 | |
Research and development | 8.2 | 7.9 | 8.0 | 8.0 | 7.9 | 7.4 | 6.5 | 5.5 |
Other operating expenses | -11.2 | | -18.2 | -5.9 | -7.8 | -7.6 | -2.8 | -3.2 |
EBITDA [+] | -20.1 | -21.6 | -18.5 | -30.4 | -27.4 | -23.9 | -24.3 | 147.5 |
EBITDA growth | -26.5% | -9.5% | -24.0% | -120.6% | -118.2% | -115.4% | -115.2% | |
EBITDA margin | -354.4% | -445.3% | -343.6% | -554.8% | -449.7% | -414.8% | -579.9% | 3349.9% |
Depreciation | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.0 | 164.9 |
EBITA | -20.4 | -21.8 | -18.6 | -30.5 | -27.4 | -24.0 | -24.3 | -17.4 |
EBITA margin | -358.6% | -449.3% | -346.4% | -557.0% | -451.1% | -415.8% | -580.6% | -394.3% |
Amortization of intangibles | | | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
EBIT [+] | -20.4 | -21.9 | -18.8 | -30.6 | -27.6 | -24.1 | -24.5 | -17.5 |
EBIT growth | -26.0% | -9.0% | -23.4% | 75.3% | 89.5% | 159.3% | 422.1% | |
EBIT margin | -359.8% | -451.4% | -349.0% | -559.5% | -453.4% | -418.2% | -583.9% | -396.7% |
Non-recurring items | | | 18.2 | 5.9 | 7.8 | 7.6 | 2.8 | 3.7 |
Interest expense, net [+] | -0.1 | | -0.1 | 0.0 | 0.0 | 0.0 | 0.6 | 0.9 |
Interest expense | | | | | | | 0.6 | |
Interest income | 0.1 | | 0.1 | 0.0 | 0.0 | 0.0 | | 0.0 |
Other income (expense), net [+] | 57.3 | 13.7 | 18.2 | -84.3 | -85.5 | -42.1 | -46.6 | 1.2 |
Unrealized gain/loss on derivatives | 13.0 | 13.1 | 18.2 | 5.9 | 7.8 | 7.2 | 2.8 | 3.8 |
Change in fair value of warrants | 12.9 | 13.0 | 18.0 | 5.9 | 7.8 | 7.2 | 2.8 | 3.8 |
Other | 57.4 | 14.0 | 18.4 | -84.3 | -85.5 | -42.1 | -47.2 | 0.5 |
Pre-tax income | 23.9 | -21.5 | -18.5 | -120.8 | -120.9 | -73.8 | -74.4 | -20.8 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Minority interest | | | -0.5 | -4.4 | -6.3 | -4.2 | -4.1 | -2.1 |
Net income | 21.8 | -21.7 | -18.9 | -117.4 | -115.5 | -70.2 | -70.7 | -18.9 |
Net margin | 383.5% | -447.0% | -351.8% | -2144.1% | -1898.2% | -1217.9% | -1686.9% | -429.8% |
|
Basic EPS [+] | $2.03 | ($1.40) | ($0.94) | ($6.13) | ($6.31) | ($3.86) | ($4.39) | ($1.59) |
Growth | -132.1% | -63.7% | -78.7% | 286.5% | 301.2% | 176.5% | 492.2% | |
Diluted EPS [+] | $2.03 | ($1.40) | ($0.94) | ($6.13) | ($6.31) | ($3.86) | ($4.39) | ($1.59) |
Growth | -132.1% | -63.7% | -78.7% | 286.5% | 301.2% | 176.5% | 492.2% | |
|
Shares outstanding (basic) [+] | | | 20.2 | 19.1 | 18.3 | 18.2 | 16.1 | 11.9 |
Growth | | | 25.6% | 60.4% | 93.4% | 160.4% | 144.4% | |
Shares outstanding (diluted) [+] | | | 20.2 | 19.1 | 18.3 | 18.2 | 16.1 | 11.9 |
Growth | | | 25.6% | 60.4% | 93.4% | 160.4% | 144.4% | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |