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 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Total revenues [+] | 37.0 | 21.4 | 10.5 | 10.4 | 11.3 | 14.6 | 16.6 | 20.0 |
Products | | | | | | | 15.0 | 18.9 |
Services | | | | | | | 1.6 | 1.2 |
Revenue growth | 72.8% | 103.6% | 0.7% | -7.5% | -22.5% | -12.0% | -17.3% | 14.8% |
Cost of goods sold [+] | 34.7 | 15.7 | 6.5 | 7.2 | 7.3 | 10.0 | 11.3 | 11.7 |
Cost of product sales | | | | | | | 10.5 | 11.5 |
Cost of services | | | | | | | 0.8 | 0.2 |
Gross profit | 2.3 | 5.7 | 4.1 | 3.2 | 4.0 | 4.5 | 5.3 | 8.3 |
Gross margin | 6.3% | 26.4% | 38.6% | 31.0% | 35.1% | 31.2% | 32.0% | 41.7% |
Selling, general and administrative [+] | 61.8 | 38.9 | 21.6 | 22.5 | 25.3 | 26.6 | 30.8 | 27.3 |
Sales and marketing | 9.3 | 5.7 | 2.6 | 3.7 | 2.8 | 3.9 | 4.2 | 4.0 |
General and administrative | 20.5 | 12.8 | 7.3 | 9.6 | 8.0 | 7.0 | 8.8 | 7.4 |
Other selling, general and administrative | 32.1 | 20.4 | 11.7 | 9.3 | 14.5 | 15.7 | 17.8 | 16.0 |
Research and development | 2.3 | 1.9 | 1.8 | 2.0 | 1.4 | 3.1 | 3.2 | 3.0 |
Other operating expenses | -32.5 | -20.4 | -11.7 | -9.3 | -12.2 | -14.0 | -16.2 | -14.3 |
EBITDA [+] | -27.1 | -13.9 | -7.4 | -11.6 | -10.1 | -10.5 | -11.9 | -7.1 |
EBITDA growth | 94.6% | 88.0% | -36.3% | 15.8% | -4.4% | -11.7% | 68.4% | 192.2% |
EBITDA margin | -73.3% | -65.1% | -70.5% | -111.5% | -89.1% | -72.1% | -71.9% | -35.3% |
Depreciation | 0.6 | 0.3 | 0.1 | 0.3 | 0.4 | 0.6 | 0.5 | 0.5 |
EBITA | -27.7 | -14.2 | -7.5 | -11.9 | -10.4 | -11.1 | -12.4 | -7.6 |
EBITA margin | -75.0% | -66.3% | -71.1% | -113.9% | -92.5% | -76.0% | -75.1% | -37.9% |
Amortization of intangibles | 1.6 | 0.6 | 0.2 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 |
EBIT [+] | -29.3 | -14.8 | -7.7 | -12.0 | -10.6 | -11.2 | -12.5 | -7.6 |
EBIT growth | 98.5% | 92.6% | -36.3% | 14.0% | -5.7% | -10.3% | 63.8% | 163.8% |
EBIT margin | -79.2% | -68.9% | -72.9% | -115.2% | -93.5% | -76.8% | -75.3% | -38.0% |
Non-recurring items [+] | 0.4 | | | -6.0 | | | | |
Legal settlement | | | | -6.0 | | | | |
Interest expense, net [+] | -0.1 | -0.3 | 0.3 | 0.0 | 1.3 | 0.7 | 0.0 | 0.3 |
Interest expense | 0.0 | 0.0 | 0.3 | 0.0 | 1.4 | 0.7 | 0.0 | 0.3 |
Interest income | 0.1 | 0.3 | 0.0 | 0.0 | 0.0 | | 0.0 | 0.0 |
Other income (expense), net [+] | 10.8 | 40.0 | 5.3 | -4.0 | -3.6 | -0.4 | -0.2 | -4.2 |
Gain (loss) on debt retirement | | 0.0 | 1.4 | | | -0.4 | | |
Gain (loss) on derivative instruments | | | | | | | | 0.4 |
Change in fair value of warrants | | | | | -0.3 | 0.0 | 0.0 | |
Other | -0.2 | | | | | | | 0.0 |
Pre-tax income | -18.9 | 25.5 | -2.6 | -10.0 | -15.5 | -12.3 | -12.7 | -12.0 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -0.1 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.7% | 0.0% | 0.0% |
Minority interest | -0.4 | -0.1 | | | | | | |
Net income | -21.7 | 25.5 | -2.6 | -10.0 | -15.5 | -12.3 | -12.7 | -12.0 |
Net margin | -58.5% | 119.0% | -25.0% | -95.8% | -137.7% | -84.0% | -76.7% | -60.1% |
|
Basic EPS [+] | ($8.50) | $10.14 | ($0.12) | ($0.87) | ($1.93) | ($1.76) | ($2.38) | ($2.77) |
Growth | -183.8% | -8446.2% | -86.1% | -54.7% | 9.6% | -26.1% | -14.3% | -21.6% |
Diluted EPS [+] | ($8.50) | $10.14 | ($0.12) | ($0.87) | ($1.93) | ($1.76) | ($2.38) | ($2.77) |
Growth | -183.8% | -8446.2% | -86.1% | -54.7% | 9.6% | -26.1% | -14.3% | -21.6% |
|
Shares outstanding (basic) [+] | 2.5 | 2.5 | 21.6 | 11.5 | 8.1 | 7.0 | 5.3 | 4.3 |
Growth | 1.5% | -88.4% | 88.2% | 42.2% | 15.8% | 30.4% | 23.2% | 67.6% |
Shares outstanding (diluted) [+] | 2.5 | 2.5 | 21.6 | 11.5 | 8.1 | 7.0 | 5.3 | 4.3 |
Growth | 1.5% | -88.4% | 88.2% | 42.2% | 15.8% | 30.4% | 23.2% | 67.6% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |