Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
Revenues | 273.1 | 134.9 | 63.5 | 42.4 |
Revenue growth | 102.4% | 112.6% | 49.8% | |
Cost of goods sold | 95.1 | 61.3 | 20.6 | 13.8 |
Gross profit | 178.0 | 73.7 | 42.9 | 28.5 |
Gross margin | 65.2% | 54.6% | 67.6% | 67.3% |
Sales and marketing | 42.4 | 21.7 | 8.3 | 5.7 |
Research and development | 14.3 | 5.2 | 1.6 | 0.9 |
General and administrative | 38.3 | 43.0 | 4.1 | 1.6 |
EBIT | 83.0 | 3.8 | 28.9 | 20.4 |
EBIT margin | 30.4% | 2.8% | 45.6% | 48.0% |
Pre-tax income | 84.6 | 4.1 | 29.4 | 20.5 |
Income taxes | 2.0 | 0.9 | 0.4 | 0.3 |
Tax rate | 2.4% | 21.1% | 1.5% | 1.3% |
Net income | 82.6 | -2.1 | 27.0 | -9.1 |
Net margin | 30.2% | -1.5% | 42.5% | -21.4% |
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Diluted EPS | $0.28 | ($0.02) | $0.37 | ($0.12) |
Shares outstanding (diluted) | 297.5 | 91.8 | 73.4 | 73.4 |
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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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