Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
Revenues | 163.2 | 138.2 | 110.0 |
Revenue growth | 18.1% | 25.6% | |
Cost of goods sold | 93.2 | 74.2 | 60.5 |
Gross profit | 70.0 | 63.9 | 49.5 |
Gross margin | 42.9% | 46.3% | 45.0% |
Sales and marketing | 52.9 | 45.1 | 27.3 |
General and administrative | 36.8 | 27.5 | 18.8 |
EBITA | -47.2 | -87.0 | -5.3 |
EBITA margin | -28.9% | -63.0% | -4.8% |
Amortization of intangibles | 0.7 | 0.4 | 0.2 |
EBIT | -47.9 | -87.4 | -5.5 |
EBIT margin | -29.3% | -63.3% | -5.0% |
Pre-tax income | -47.6 | -87.6 | -6.1 |
Income taxes | 0.1 | 0.0 | 0.0 |
Tax rate | | 0.0% | 0.0% |
Net income | -33.9 | -46.0 | 0.0 |
Net margin | -20.7% | -33.3% | 0.0% |
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Diluted EPS | ($0.78) | ($1.33) | |
Shares outstanding (diluted) | 43.5 | 34.5 | |
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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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