Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
Revenues | 697.8 | 477.0 | 84.7 |
Revenue growth | 46.3% | 463.0% | |
Cost of goods sold | 686.3 | 474.3 | 84.2 |
Gross profit | 11.5 | 2.7 | 0.5 |
Gross margin | 1.7% | 0.6% | 0.6% |
General and administrative | 17.7 | 9.8 | 2.8 |
EBIT | -47.2 | -20.2 | -4.8 |
EBIT margin | -6.8% | -4.2% | -5.6% |
Pre-tax income | -30.1 | -57.0 | -34.2 |
Income taxes | 0.3 | -5.3 | 0.4 |
Tax rate | | 9.3% | |
Net income | -30.3 | -51.7 | -34.6 |
Net margin | -4.3% | -10.8% | -40.9% |
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Diluted EPS | ($0.15) | ($0.33) | ($1.92) |
Shares outstanding (diluted) | 197.7 | 156.4 | 18.0 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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