In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| 10-K | 10-K | 10-K | 10-K/A | 10-K |
Revenues [+] | 16.0 | 10.8 | 7.1 | 7.9 | 0.0 |
Other income | 0.6 | | | | |
Revenue growth | 48.4% | 51.7% | -9.7% | | |
Cost of goods sold | 37.7 | 28.8 | 0.0 | 0.0 | 0.0 |
Gross profit | -21.8 | -18.0 | 7.1 | 7.9 | 0.0 |
Gross margin | -136.1% | -167.4% | 100.0% | 100.0% | |
Selling, general and administrative | 54.0 | 47.2 | 39.8 | 40.8 | 0.8 |
Equity in earnings | | | | -0.3 | |
Other operating expenses | -49.8 | -42.7 | -11.1 | -23.1 | |
EBITDA [+] | -26.0 | -22.4 | -21.6 | -10.1 | |
EBITDA growth | 15.7% | 3.8% | 114.1% | 1194.3% | |
EBITDA margin | -162.4% | -208.3% | -304.6% | -128.5% | |
Depreciation and amortization | 12.0 | 12.2 | 11.1 | 10.9 | |
EBIT [+] | -38.0 | -34.6 | -32.7 | -21.0 | -0.8 |
EBIT growth | 9.7% | 5.9% | 55.6% | 2592.8% | |
EBIT margin | -237.7% | -321.6% | -460.8% | -267.4% | |
Non-recurring items [+] | | 1.7 | | 12.2 | |
Asset impairment | | 1.7 | | | |
Loss (gain) on sale of assets | | | | 12.2 | |
Interest expense, net [+] | 5.4 | 3.6 | 5.7 | 9.4 | -2.1 |
Interest expense | 5.4 | 3.6 | 5.7 | 9.4 | |
Interest income | | | | | 2.1 |
Other income (expense), net [+] | -2.8 | -52.8 | -7.3 | -13.3 | 0.0 |
Gain (loss) on debt retirement | | | -4.3 | | |
Change in fair value of warrants | 9.4 | -48.1 | 26.7 | | |
Pre-tax income | -46.2 | -92.8 | -45.7 | -55.9 | 1.4 |
Income taxes | 0.8 | 0.3 | -0.2 | 0.0 | 0.3 |
Tax rate | | | 0.4% | 0.0% | 20.9% |
Minority interest | 0.3 | 0.4 | -0.2 | | |
Net income | -46.5 | -93.2 | -45.5 | -55.9 | 1.1 |
Net margin | -290.7% | -865.5% | -640.8% | -711.1% | |
|
Basic EPS [+] | ($8.92) | ($22.71) | ($1.71) | ($10.28) | $0.27 |
Growth | -60.7% | 1230.3% | -83.4% | -3860.2% | |
Diluted EPS [+] | ($8.92) | ($22.71) | ($1.71) | ($10.28) | $0.27 |
Growth | -60.7% | 1230.3% | -83.4% | -3860.2% | |
|
Shares outstanding (basic) [+] | 5.2 | 4.1 | 26.6 | 5.4 | 4.0 |
Growth | 26.9% | -84.6% | 390.1% | 37.5% | |
Shares outstanding (diluted) [+] | 5.2 | 4.1 | 26.6 | 5.4 | 4.0 |
Growth | 26.9% | -84.6% | 390.1% | 37.5% | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |