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/A |
| Revenues: |
| Enterprise | 314.0 | 187.0 | 103.4 | 50.8 |
| Consumer | 315.1 | 328.7 | 326.5 | 225.5 |
| Total revenues | 629.1 | 515.7 | 429.9 | 276.3 |
| Revenue growth [+] | 22.0% | 19.9% | 55.6% | |
| Enterprise | 68.0% | 80.7% | 103.5% | |
| Consumer | -4.2% | 0.7% | 44.8% | |
| Cost of goods sold | 275.3 | 236.0 | 209.3 | 143.5 |
| Gross profit | 353.8 | 279.6 | 220.6 | 132.8 |
| Gross margin | 56.2% | 54.2% | 51.3% | 48.1% |
| Selling, general and administrative [+] | 400.4 | 291.4 | 243.4 | 166.5 |
| Sales and marketing | 301.3 | 227.0 | 192.6 | 126.4 |
| General and administrative | 99.1 | 64.4 | 50.8 | 40.0 |
| Research and development | 104.6 | 66.1 | 50.6 | 34.4 |
| Other operating expenses | | | | -0.1 |
| Adjusted EBITDA | -48.7 | -27.9 | -30.7 | -50.3 |
| Adjusted EBITDA margin | -7.7% | -5.4% | -7.1% | -18.2% |
| Stock-based compensation | 81.3 | 34.7 | 31.6 | 9.0 |
| EBITDA [+] | -130.0 | -62.6 | -62.3 | -59.2 |
| EBITDA growth | 107.6% | 0.5% | 5.2% | |
| EBITDA margin | -20.7% | -12.1% | -14.5% | -21.4% |
| Depreciation | 16.9 | 13.8 | 11.1 | 8.7 |
| EBITA | -146.9 | -76.4 | -73.4 | -68.0 |
| EBITA margin | -23.3% | -14.8% | -17.1% | -24.6% |
| Amortization of intangibles | 4.3 | 1.5 | | |
| EBIT [+] | -151.2 | -77.9 | -73.4 | -68.0 |
| EBIT growth | 94.1% | 6.2% | 8.0% | |
| EBIT margin | -24.0% | -15.1% | -17.1% | -24.6% |
| Non-recurring items | | | | 0.1 |
| Interest income, net [+] | 4.3 | 0.0 | -1.1 | 0.1 |
| Interest expense | | 0.0 | 1.1 | |
| Interest income | 4.3 | | | 0.1 |
| Other income (expense), net | -4.7 | -0.9 | 0.1 | -0.4 |
| Pre-tax income | -151.6 | -78.8 | -74.5 | -68.3 |
| Income taxes | 2.3 | 1.2 | 3.1 | 1.4 |
| Net income | -153.9 | -80.0 | -77.6 | -69.7 |
| Net margin | -24.5% | -15.5% | -18.1% | -25.2% |
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| Basic EPS [+] | ($1.09) | ($1.46) | ($2.33) | ($2.57) |
| Growth | -25.0% | -37.4% | -9.6% | |
| Diluted EPS [+] | ($1.09) | ($1.46) | ($2.33) | ($2.57) |
| Growth | -25.0% | -37.4% | -9.6% | |
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| Shares outstanding (basic) [+] | 140.9 | 55.0 | 33.4 | 27.1 |
| Growth | 156.3% | 64.7% | 23.2% | |
| Shares outstanding (diluted) [+] | 140.9 | 55.0 | 33.4 | 27.1 |
| Growth | 156.3% | 64.7% | 23.2% | |
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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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