In millions, except per share items | Dec-31-22 | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| 10-K | 8-K | 10-K | 8-K | 10-K | 10-K | S-1/A |
Revenues: |
Two Customer Member | 7.5 | | | | | | |
One Customer | | | 4.8 | | 5.9 | | |
Other | 28.3 | | 32.0 | | 19.9 | | |
Total revenues | 35.8 | 35.8 | 36.8 | 36.8 | 25.8 | 13.1 | 8.3 |
Revenue growth [+] | -2.7% | -2.7% | 42.8% | | 96.8% | 58.0% | |
One Customer | | | -19.3% | | | | |
Cost of goods sold [+] | 30.6 | 6.4 | 27.4 | 8.4 | 15.6 | -5.0 | 5.6 |
Sales commissions and fees | | | | | 2.9 | 2.8 | 2.0 |
Occupancy costs | | | | | 0.6 | 0.2 | |
Gross profit | 5.2 | 29.4 | 9.4 | 28.4 | 10.1 | 18.1 | 2.7 |
Gross margin | 14.5% | 82.1% | 25.6% | 77.2% | 39.3% | 138.4% | 32.1% |
Selling, general and administrative [+] | 59.3 | 6.9 | 48.8 | 7.6 | 31.5 | 22.3 | 6.0 |
Sales and marketing | 14.5 | 6.9 | 15.9 | 7.6 | 17.0 | 13.5 | 2.6 |
General and administrative [+] | 44.8 | | 32.9 | | 14.5 | 8.8 | |
Wages and related expenses | 6.4 | | 8.4 | | 3.5 | 2.4 | |
General and administrative expenses | 30.6 | | 16.5 | | 8.8 | 5.2 | 3.3 |
Professional fees | | | | | 1.0 | 0.5 | |
Insurance expense | | | | | 0.7 | 0.1 | |
Other selling, general and administrative | | | | | | | 3.4 |
Research and development | 0.4 | 0.4 | 1.0 | 1.0 | 1.7 | 0.6 | |
Other operating expenses | -27.0 | 49.6 | -16.5 | 43.8 | -10.2 | 4.0 | 5.1 |
EBITDA [+] | -26.4 | -26.4 | -23.0 | -23.0 | -12.4 | -8.5 | -8.3 |
EBITDA growth | 15.1% | 15.1% | 84.5% | | 47.2% | 1.9% | |
EBITDA margin | -73.8% | -73.8% | -62.4% | -62.4% | -48.3% | -64.5% | -100.0% |
Depreciation | 0.7 | 1.1 | 0.6 | 1.0 | 0.5 | 0.3 | 0.1 |
EBITA | -27.1 | -27.5 | -23.6 | -23.9 | -12.9 | -8.8 | -8.4 |
EBITA margin | -75.6% | -76.9% | -64.0% | -65.0% | -50.1% | -66.8% | -101.7% |
Amortization of intangibles | 0.4 | | 0.4 | | 0.0 | | |
EBIT [+] | -27.5 | -27.5 | -23.9 | -23.9 | -12.9 | -8.8 | -8.4 |
EBIT growth | 15.1% | 15.1% | 85.2% | | 47.7% | 3.8% | |
EBIT margin | -76.9% | -76.9% | -65.0% | -65.0% | -50.1% | -66.8% | -101.7% |
Non-recurring items [+] | 12.8 | 12.8 | 0.0 | 0.0 | | | |
Asset impairment | 12.8 | 12.8 | 0.0 | 0.0 | | | |
Interest expense, net [+] | | | | | -0.1 | 0.0 | 0.0 |
Interest expense | | | | | | 0.0 | 0.0 |
Interest income | | | | | 0.1 | | 0.0 |
Other income (expense), net [+] | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.3 | |
Other | | 11.6 | | 11.9 | | | -0.4 |
Pre-tax income | -40.3 | -40.3 | -23.9 | -23.9 | -12.9 | -8.5 | -8.5 |
Income taxes | 0.1 | 0.0 | 0.1 | 0.0 | 0.1 | 0.2 | 0.0 |
Tax rate | | | | | | | 0.0% |
Net income | -40.3 | -40.3 | -23.9 | -23.9 | -14.5 | -1.1 | -9.2 |
Net margin | -112.6% | -112.6% | -64.8% | -64.8% | -56.2% | -8.1% | -111.1% |
|
Basic EPS [+] | ($4.41) | ($4.41) | ($2.66) | ($2.66) | ($2.61) | ($0.29) | ($2.60) |
Growth | 66.0% | 65.8% | 1.6% | | 809.0% | -88.9% | |
Diluted EPS [+] | ($4.41) | ($4.41) | ($2.66) | ($2.66) | ($2.61) | ($0.29) | ($2.60) |
Growth | 66.0% | 65.8% | 1.6% | | 809.0% | -88.9% | |
|
Shares outstanding (basic) [+] | 9.1 | 9.1 | 9.0 | 9.0 | 5.5 | 3.7 | 3.5 |
Growth | 1.8% | 1.9% | 62.0% | | 51.2% | 3.6% | |
Shares outstanding (diluted) [+] | 9.1 | 9.1 | 9.0 | 9.0 | 5.5 | 3.7 | 3.5 |
Growth | 1.8% | 1.9% | 62.0% | | 51.2% | 3.6% | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |