In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
| 10-K | 10-K | 10-K | S-1/A |
Revenues: |
United states | 8.8 | 12.9 | 7.3 | |
Germany | 2.6 | 1.7 | 1.9 | |
Switzerland | 2.8 | 4.3 | 4.1 | |
Other | 3.0 | 4.3 | 2.7 | |
Total revenues [+] | 17.1 | 23.2 | 16.1 | 16.5 |
Products | | | | 9.3 |
Services | | | | 2.1 |
Revenue growth [+] | -26.3% | 44.5% | -2.6% | |
United states | -32.0% | 76.5% | | |
Germany | 56.3% | -11.7% | | |
Switzerland | -36.1% | 4.9% | | |
Cost of goods sold [+] | 25.7 | 31.0 | 24.1 | 13.6 |
Cost of product sales | | | | 10.6 |
Cost of services | | | | 3.0 |
Gross profit | -8.5 | -7.7 | -8.1 | 2.9 |
Gross margin | -49.8% | -33.3% | -50.2% | 17.3% |
Selling, general and administrative [+] | 41.8 | 29.7 | 15.9 | 13.0 |
Sales and marketing | 15.0 | 11.8 | 6.0 | 4.0 |
General and administrative | 26.8 | 17.9 | 10.0 | 8.9 |
Research and development | 12.9 | 9.8 | 6.5 | 5.4 |
Other operating expenses | | | | 3.1 |
EBITDA [+] | -60.4 | -45.7 | -29.0 | -17.2 |
EBITDA growth | 32.1% | 57.4% | 69.0% | |
EBITDA margin | -352.4% | -196.7% | -180.6% | -104.0% |
Depreciation and amortization | 2.8 | 1.5 | 1.5 | 1.5 |
EBIT [+] | -63.2 | -47.2 | -30.5 | -18.6 |
EBIT growth | 33.8% | 54.7% | 63.9% | |
EBIT margin | -369.0% | -203.3% | -190.0% | -112.9% |
Interest expense, net [+] | -1.8 | 2.6 | 3.4 | 2.4 |
Interest expense | | 2.6 | 3.4 | 2.4 |
Interest income | 1.8 | | | |
Other income (expense), net [+] | 0.1 | -23.6 | -3.0 | 0.3 |
Gain (loss) on debt retirement | | -3.1 | -2.9 | |
Change in fair value of warrants | | -19.6 | | |
Other | 0.1 | -0.9 | 0.0 | 0.0 |
Pre-tax income | -61.4 | -73.4 | -36.9 | -20.7 |
Income taxes | -0.6 | 0.1 | 0.1 | 0.4 |
Tax rate | 0.9% | | | |
Net income | -60.8 | -78.0 | -45.2 | -21.2 |
Net margin | -354.9% | -335.9% | -281.3% | -128.2% |
|
Basic EPS [+] | ($1.43) | ($3.94) | ($126.11) | |
Growth | -63.7% | -96.9% | | |
Diluted EPS [+] | ($1.43) | ($3.94) | ($126.11) | |
Growth | -63.7% | -96.9% | | |
|
Shares outstanding (basic) [+] | 42.5 | 19.8 | 0.4 | |
Growth | 114.6% | 5417.2% | | |
Shares outstanding (diluted) [+] | 42.5 | 19.8 | 0.4 | |
Growth | 114.6% | 5417.2% | | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |