Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
Revenues | 125.6 | 114.8 | 58.8 |
Revenue growth | 9.4% | 95.3% | |
Cost of goods sold | 92.0 | 100.3 | 53.2 |
Gross profit | 33.6 | 14.5 | 5.6 |
Gross margin | 26.7% | 12.6% | 9.5% |
Sales and marketing | 19.0 | 9.3 | 4.3 |
General and administrative | 8.2 | 5.5 | 2.5 |
EBITA | -25.9 | -66.9 | -27.2 |
EBITA margin | -20.6% | -58.2% | -46.2% |
Amortization of intangibles | 0.5 | 0.4 | 0.3 |
EBIT | -26.4 | -67.2 | -27.4 |
EBIT margin | -21.0% | -58.5% | -46.7% |
Pre-tax income | -38.0 | -75.1 | -32.4 |
Income taxes | 0.1 | 0.1 | 0.0 |
Net income | -38.1 | -75.2 | -32.4 |
Net margin | -30.3% | -65.5% | -55.1% |
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Diluted EPS | ($0.18) | ($0.38) | ($0.17) |
Shares outstanding (diluted) | 206.9 | 200.3 | 186.8 |
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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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