In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-15 | Dec-31-14 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
United States | 212.3 | 182.7 | 122.6 | 52.6 | 5.7 | 0.1 | | |
Other | 8.7 | 6.4 | 5.5 | 0.7 | | | | |
Revenues | 220.9 | 189.1 | 128.0 | 53.3 | 5.7 | 0.1 | 0.0 | 0.0 |
Revenue growth [+] | 16.8% | 47.7% | 140.0% | 835.8% | 7303.3% | | | |
United States | 16.2% | 49.1% | 133.0% | 823.0% | 7303.3% | | | |
Cost of goods sold | 132.9 | 110.5 | 103.1 | 47.3 | 7.6 | 1.6 | 0.0 | 0.0 |
Gross profit | 88.0 | 78.6 | 25.0 | 6.0 | -1.9 | -1.5 | 0.0 | 0.0 |
Gross margin | 39.8% | 41.6% | 19.5% | 11.3% | -34.1% | -1965.9% | | |
Selling, general and administrative [+] | 126.0 | 137.5 | 79.6 | 42.3 | 12.0 | 4.7 | 0.2 | 0.3 |
Sales and marketing | 72.5 | 81.9 | 43.6 | 12.8 | 1.7 | | | |
General and administrative [+] | 53.5 | 55.6 | 36.0 | 29.5 | 10.3 | 4.7 | 0.2 | 0.3 |
General and administrative expenses | 53.5 | 55.6 | 36.0 | 29.5 | 10.3 | 4.7 | 0.2 | 0.3 |
Research and development | | | | | | 0.1 | | |
Other operating expenses | | 7.8 | -0.3 | -0.2 | | | | |
EBITDA [+] | -55.1 | -82.6 | -69.9 | -40.3 | -14.0 | -6.3 | | |
EBITDA growth | -33.3% | 18.2% | 73.4% | 188.4% | 120.7% | | -11.3% | -2.5% |
EBITDA margin | -24.9% | -43.7% | -54.6% | -75.6% | -245.3% | -8230.2% | | |
Depreciation | -20.2 | -19.8 | -19.7 | -7.5 | -0.6 | 0.0 | | |
EBITA | -34.9 | -62.8 | -50.3 | -32.8 | -13.4 | -6.3 | -0.2 | -0.3 |
EBITA margin | -15.8% | -33.2% | -39.3% | -61.5% | -235.4% | -8246.4% | | |
Amortization of intangibles | 20.7 | 20.2 | 20.3 | 7.8 | 0.6 | | | |
EBIT [+] | -55.6 | -83.1 | -70.6 | -40.6 | -14.0 | -6.3 | -0.2 | -0.3 |
EBIT growth | -33.1% | 17.7% | 73.8% | 189.8% | 120.7% | | -11.3% | -2.5% |
EBIT margin | -25.2% | -43.9% | -55.1% | -76.1% | -245.8% | -8246.4% | | |
Non-recurring items [+] | 0.3 | 1.2 | 0.3 | 0.2 | | | | |
Loss (gain) on sale of assets | 0.3 | 1.2 | | | | | | |
Interest expense, net [+] | 9.5 | 1.4 | 16.1 | 10.4 | 2.5 | 0.0 | 0.0 | 0.0 |
Interest expense | 9.5 | 1.4 | 16.5 | 10.5 | 2.5 | | | |
Interest income | | | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Other income (expense), net [+] | -3.0 | -5.9 | -2.0 | -6.8 | -9.7 | 0.1 | 0.0 | 0.0 |
Gain (loss) on investments | | | | | | | 0.0 | 0.0 |
Gain (loss) on derivative instruments | | 0.0 | 0.5 | -1.0 | 1.0 | | | |
Unrealized gain/loss on derivatives | | | | | | | 0.0 | 0.0 |
Other | | | -0.3 | 0.0 | 0.0 | | | |
Pre-tax income | -68.5 | -91.6 | -89.0 | -58.0 | -26.2 | -6.3 | -0.2 | -0.2 |
Income taxes | -1.1 | -1.7 | 0.2 | -19.5 | -0.1 | 0.0 | 0.0 | 0.0 |
Tax rate | 1.6% | 1.8% | | 33.7% | 0.4% | 0.0% | | |
Earnings from continuing ops | -63.9 | -89.9 | -104.9 | -38.5 | -44.1 | -6.3 | -0.2 | -0.2 |
Earnings from discontinued ops | -3.5 | | | | | | | |
Net income | -67.4 | -89.9 | -104.9 | -38.5 | -44.1 | -6.3 | -0.2 | -0.2 |
Net margin | -30.5% | -47.6% | -81.9% | -72.2% | -773.9% | -8162.0% | | |
|
Basic EPS [+] | ($3.63) | ($7.87) | ($2.28) | ($1.04) | ($1.69) | ($0.42) | ($0.02) | ($0.03) |
Growth | -53.9% | 245.0% | 119.7% | -38.5% | 300.8% | | -19.3% | 30.3% |
Diluted EPS [+] | ($3.63) | ($7.87) | ($2.28) | ($1.04) | ($1.69) | ($0.42) | ($0.02) | ($0.03) |
Growth | -53.9% | 245.0% | 119.7% | -38.5% | 300.8% | | -19.3% | 30.3% |
|
Shares outstanding (basic) [+] | 17.6 | 11.4 | 46.0 | 37.1 | 26.1 | 14.9 | 9.1 | 8.8 |
Growth | 54.2% | -75.1% | 24.0% | 41.9% | 75.1% | | 3.6% | 2.0% |
Shares outstanding (diluted) [+] | 17.6 | 11.4 | 46.0 | 37.1 | 26.1 | 14.9 | 9.1 | 8.8 |
Growth | 54.2% | -75.1% | 24.0% | 41.9% | 75.1% | | 3.6% | 2.0% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |