In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
| 10-K/A | 10-K | 10-K |
Revenues [+] | 534.5 | 359.1 | 54.3 |
Products | 534.5 | 362.3 | 55.1 |
Net interest income | | -3.2 | -0.9 |
Revenue growth | 48.8% | 561.8% | |
Cost of goods sold | 446.0 | 282.7 | 47.9 |
Gross profit | 88.5 | 76.5 | 6.4 |
Gross margin | 16.6% | 21.3% | 11.8% |
Selling, general and administrative [+] | 79.4 | 48.9 | 19.3 |
Sales and marketing | 25.5 | 12.0 | 4.9 |
General and administrative [+] | 25.1 | 15.3 | 7.9 |
Wages and related expenses | 0.9 | | |
General and administrative expenses | 24.2 | 15.3 | 7.9 |
Other selling, general and administrative | 28.8 | 21.6 | 6.6 |
Other operating expenses | 16.9 | 11.3 | 1.7 |
EBITDA [+] | -7.7 | 16.3 | -14.7 |
EBITDA growth | -147.5% | -211.0% | |
EBITDA margin | -1.4% | 4.5% | -27.1% |
Depreciation | 1.3 | 0.5 | 0.2 |
EBITA | -9.0 | 15.9 | -14.8 |
EBITA margin | -1.7% | 4.4% | -27.4% |
Amortization of intangibles | 10.2 | 6.1 | 0.4 |
EBIT [+] | -19.2 | 9.8 | -15.2 |
EBIT growth | -296.8% | -164.0% | |
EBIT margin | -3.6% | 2.7% | -28.1% |
Non-recurring items [+] | 109.1 | 1.4 | -0.8 |
Asset impairment | 109.1 | | |
Loss (gain) on sale of assets | | 1.4 | |
Loss (gain) on sale of business | | | -0.8 |
Interest expense, net [+] | 3.4 | 0.0 | 0.3 |
Interest expense | 3.9 | 0.1 | 0.3 |
Interest income | 0.5 | 0.1 | 0.0 |
Other income (expense), net [+] | -2.6 | -5.0 | -6.1 |
Gain (loss) on debt retirement | 0.0 | -1.7 | -1.8 |
Gain (loss) on derivative instruments | | -0.5 | -0.8 |
Unrealized gain/loss on derivatives | 3.2 | | |
Change in fair value of warrants | 3.2 | | -2.1 |
Other | -2.5 | -0.3 | 0.0 |
Pre-tax income | -134.4 | 3.3 | -20.9 |
Income taxes | -8.4 | 4.4 | 0.7 |
Tax rate | 6.3% | 132.8% | |
Net income | -126.0 | 7.7 | -21.6 |
Net margin | -23.6% | 2.1% | -39.7% |
|
Basic EPS [+] | ($1.18) | $0.47 | ($3.95) |
Growth | -349.6% | -112.0% | |
Diluted EPS [+] | ($1.18) | $0.40 | ($3.95) |
Growth | -395.7% | -110.1% | |
|
Shares outstanding (basic) [+] | 106.4 | 64.5 | 5.5 |
Growth | 64.9% | 1081.1% | |
Shares outstanding (diluted) [+] | 106.4 | 76.5 | 5.5 |
Growth | 39.2% | 1299.5% | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |