Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 |
Revenues | 137.0 | 94.1 | 62.6 | 51.9 | 22.8 | 22.8 | 13.8 |
Revenue growth | 45.7% | 50.2% | 20.8% | 127.6% | 65.7% | | |
Cost of goods sold | 32.0 | 15.8 | 9.7 | 7.3 | 5.3 | 5.3 | 4.9 |
Gross profit | 105.0 | 78.3 | 53.0 | 44.6 | 17.5 | 17.5 | 8.8 |
Gross margin | 76.6% | 83.2% | 84.5% | 85.9% | 76.8% | 76.8% | 64.2% |
Selling, general and administrative | 143.0 | 86.7 | 48.1 | 29.8 | 16.5 | 16.5 | 15.3 |
Research and development | 44.9 | 29.6 | 13.3 | 7.4 | 4.9 | 4.9 | 4.5 |
EBITA | -82.9 | -38.1 | -6.5 | 7.3 | -3.8 | -3.8 | 29.6 |
EBITA margin | -60.5% | -40.5% | -10.4% | 14.1% | -16.7% | -16.7% | 215.3% |
Amortization of intangibles | 8.3 | 2.0 | | 0.0 | 0.0 | 0.0 | 40.5 |
EBIT | -91.1 | -40.1 | -6.5 | 7.3 | -3.8 | -3.8 | -10.9 |
EBIT margin | -66.5% | -42.6% | -10.4% | 14.1% | -16.8% | -16.8% | -79.2% |
Pre-tax income | -70.7 | -48.7 | -10.1 | 5.4 | -6.3 | -6.4 | -12.4 |
Income taxes | -1.8 | -8.7 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 |
Tax rate | 2.5% | 17.9% | | 1.3% | | | |
Net income | -68.9 | -40.0 | -10.2 | 3.0 | -10.2 | -6.4 | 0.0 |
Net margin | -50.3% | -42.5% | -16.3% | 5.8% | -44.6% | -27.9% | 0.0% |
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Diluted EPS | ($2.64) | ($1.59) | ($0.54) | $0.35 | ($5.33) | ($3.34) | $0.00 |
Shares outstanding (diluted) | 26.1 | 25.1 | 18.9 | 8.7 | 1.9 | 1.9 | 1,895.5 |
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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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