In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Mar-31-16 |
| 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Global Logistics Solutions | | | | | 19.6 | | | |
Total revenues [+] | 237.3 | 222.6 | 78.7 | 33.9 | 19.6 | 12.0 | 7.7 | 5.9 |
Products | 103.4 | | | | | | | |
Services | 133.9 | | | | | | | |
Revenue growth | 6.6% | 182.9% | 131.9% | 72.9% | 64.2% | 55.7% | | 49.5% |
Cost of goods sold [+] | 133.4 | 126.0 | 42.4 | 16.6 | 9.4 | 6.0 | 4.6 | 4.0 |
Cost of product sales | 58.2 | | | | | | | |
Cost of services | 75.2 | | | | | | | |
Gross profit | 103.9 | 96.6 | 36.3 | 17.4 | 10.2 | 6.0 | 3.1 | 1.9 |
Gross margin | 43.8% | 43.4% | 46.2% | 51.1% | 52.2% | 49.9% | 40.4% | 32.1% |
Selling, general and administrative [+] | 120.1 | 97.6 | 56.9 | 31.3 | 17.0 | 12.7 | 11.3 | 10.1 |
Sales and marketing | | | | | 7.2 | 5.2 | 4.8 | 4.2 |
General and administrative | | | | | 9.8 | 7.4 | 6.4 | 5.9 |
Research and development | 15.7 | 16.8 | 9.5 | 3.7 | 1.8 | 1.2 | 0.6 | 0.6 |
Other operating expenses | | | | | 0.0 | | | |
EBITDA [+] | | 2.4 | -20.1 | -15.3 | -7.8 | -7.2 | -8.4 | -8.5 |
EBITDA growth | -1419.4% | -112.0% | 32.0% | 96.0% | 7.7% | -13.9% | | 57.6% |
EBITDA margin | -13.4% | 1.1% | -25.6% | -45.0% | -39.7% | -60.5% | -109.3% | -144.5% |
Depreciation | | 5.8 | 3.3 | 2.1 | 0.9 | 0.7 | 0.4 | 0.2 |
EBITA | -31.9 | -3.4 | -23.4 | -17.4 | -8.6 | -7.9 | -8.8 | -8.7 |
EBITA margin | -13.4% | -1.5% | -29.7% | -51.2% | -44.0% | -66.0% | -114.2% | -148.1% |
Amortization of intangibles | | 14.4 | 6.6 | 0.3 | | | | 0.0 |
EBIT [+] | -31.9 | -17.8 | -30.0 | -17.7 | -8.6 | -7.9 | -8.8 | -8.7 |
EBIT growth | 78.9% | -40.6% | 69.8% | 104.5% | 9.5% | -10.0% | | 56.3% |
EBIT margin | -13.4% | -8.0% | -38.1% | -52.1% | -44.0% | -66.0% | -114.2% | -148.6% |
Interest expense, net [+] | 6.1 | 1.4 | 1.8 | 0.8 | 0.1 | 0.0 | 0.1 | 1.1 |
Interest expense | 6.1 | 4.7 | 2.6 | 1.4 | 0.1 | 0.0 | 0.1 | 1.1 |
Interest income | | 3.3 | 0.8 | 0.6 | | | | |
Other income (expense), net [+] | 3.0 | -254.6 | -0.9 | 0.2 | -0.8 | 0.0 | -4.2 | 0.0 |
Gain (loss) on debt retirement | | -251.8 | | | | | | |
Unrealized gain/loss on derivatives | | | | | | | -4.2 | |
Change in fair value of warrants | | | | | | | -4.2 | |
Other | | -2.8 | -0.9 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 |
Pre-tax income | -35.1 | -273.8 | -32.7 | -18.3 | -9.5 | -7.9 | -13.1 | -9.8 |
Income taxes | 2.2 | 1.7 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | | | 0.1% | | | | | |
Net income | 0.0 | -283.7 | -75.0 | -18.3 | -9.6 | -7.9 | -13.2 | -15.1 |
Net margin | 0.0% | -127.5% | -95.3% | -54.0% | -48.7% | -66.1% | -171.8% | -256.0% |
|
Basic EPS [+] | ($0.93) | ($6.18) | ($1.94) | ($0.55) | ($0.34) | ($0.34) | ($0.93) | ($2.05) |
Growth | -85.0% | 217.7% | 254.2% | 62.1% | -1.5% | -62.9% | | -15.8% |
Diluted EPS [+] | ($0.93) | ($6.18) | ($1.94) | ($0.55) | ($0.34) | ($0.34) | ($0.93) | ($2.05) |
Growth | -85.0% | 217.7% | 254.2% | 62.1% | -1.5% | -62.9% | | -15.8% |
|
Shares outstanding (basic) [+] | 0.0 | 45.9 | 38.6 | 33.4 | 28.2 | 23.0 | 14.2 | 7.3 |
Growth | -99.9% | 19.0% | 15.5% | 18.4% | 22.9% | 61.5% | | 46.6% |
Shares outstanding (diluted) [+] | 0.0 | 45.9 | 38.6 | 33.4 | 28.2 | 23.0 | 14.2 | 7.3 |
Growth | -99.9% | 19.0% | 15.5% | 18.4% | 22.9% | 61.5% | | 46.6% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |