Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
Revenues | 118.3 | 37.4 | 25.3 | 7.5 | 0.0 |
Revenue growth | 216.4% | 47.8% | 235.4% | | |
Cost of goods sold | 41.3 | 15.5 | 10.2 | 3.1 | 0.4 |
Gross profit | 77.0 | 21.9 | 15.1 | 4.5 | -0.4 |
Gross margin | 65.1% | 58.6% | 59.6% | 59.3% | |
Selling, general and administrative | | | | 7.8 | 0.0 |
General and administrative | 9.6 | 7.1 | 3.5 | | 0.0 |
EBIT | -10.1 | 11.7 | 2.2 | -6.5 | -0.4 |
EBIT margin | -8.5% | 31.2% | 8.7% | -85.7% | |
Pre-tax income | -39.2 | 4.9 | -2.7 | -4.7 | -0.4 |
Income taxes | -4.8 | 2.4 | -0.3 | 0.0 | 0.0 |
Tax rate | 12.2% | 48.9% | 11.2% | 0.0% | 0.0% |
Net income | -39.2 | 4.9 | -2.7 | -4.7 | -0.4 |
Net margin | -33.2% | 13.1% | -10.9% | -62.6% | |
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Diluted EPS | ($0.63) | $0.21 | ($0.15) | ($4.49) | ($18.39) |
Shares outstanding (diluted) | 62.6 | 23.0 | 18.9 | 1.1 | 0.0 |
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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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