Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 |
Revenues | 262.1 | 211.7 |
Revenue growth | 23.8% | |
Cost of goods sold | 143.3 | 125.5 |
Gross profit | 118.8 | 86.2 |
Gross margin | 45.3% | 40.7% |
Sales and marketing | 70.4 | 36.7 |
Research and development | 33.2 | 19.9 |
General and administrative | 115.5 | 81.5 |
EBIT | -350.9 | -61.1 |
EBIT margin | -133.9% | -28.9% |
Pre-tax income | -338.5 | -76.1 |
Income taxes | 8.6 | 7.7 |
Net income | 0.0 | 0.0 |
Net margin | 0.0% | 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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