Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
Revenues | 482.7 | 172.4 | 111.8 |
Revenue growth | 180.0% | 54.2% | |
Cost of goods sold | 198.9 | 84.7 | 73.1 |
Gross profit | 283.8 | 87.7 | 38.7 |
Gross margin | 58.8% | 50.9% | 34.6% |
Selling, general and administrative | 24.3 | 17.1 | 17.7 |
EBIT | 232.0 | 47.0 | 0.0 |
EBIT margin | 48.1% | 27.3% | 0.0% |
Pre-tax income | 218.9 | 5.1 | -34.1 |
Income taxes | 1.9 | 0.8 | 0.4 |
Tax rate | 0.8% | 16.3% | |
Net income | 217.0 | 4.3 | -34.4 |
Net margin | 45.0% | 2.5% | -30.8% |
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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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