Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
Revenues | 37.9 | 23.7 | 11.8 |
Revenue growth | 59.9% | 100.3% | |
Cost of goods sold | 26.0 | 13.1 | 8.1 |
Gross profit | 11.9 | 10.7 | 3.7 |
Gross margin | 31.5% | 45.0% | 31.4% |
Selling, general and administrative | 78.4 | 51.4 | 9.5 |
Research and development | 50.3 | 27.5 | 13.0 |
EBITA | -116.7 | -68.2 | -18.6 |
EBITA margin | -307.6% | -287.2% | -157.3% |
Amortization of intangibles | 6.9 | 0.3 | 0.2 |
EBIT | -123.6 | -68.5 | -18.8 |
EBIT margin | -325.8% | -288.6% | -158.7% |
Pre-tax income | 50.1 | -152.6 | -19.0 |
Income taxes | -22.8 | 0.0 | 0.0 |
Net income | 73.9 | -152.7 | -19.0 |
Net margin | 194.8% | -643.3% | -160.7% |
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Diluted EPS | $0.51 | ($3.90) | ($1.17) |
Shares outstanding (diluted) | 145.7 | 39.2 | 16.2 |
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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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