Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 |
Revenues | 82.8 | 253.8 | 1.2 | 45.8 | 431.4 | 116.6 | 20.8 |
Revenue growth | -67.4% | 20930.7% | -97.4% | 1521.5% | 251283.4% | 461.1% | |
Cost of goods sold | 82.2 | 248.6 | 1.2 | 45.7 | 414.0 | 113.1 | 14.1 |
Gross profit | 0.6 | 5.3 | 0.0 | 0.2 | 17.4 | 3.5 | 6.7 |
Gross margin | 0.8% | 2.1% | 0.0% | 0.4% | 4.0% | 3.0% | 32.3% |
Sales and marketing | 2.1 | 0.5 | 0.0 | 0.2 | 24.1 | 10.7 | 8.0 |
Research and development | | | | | 4.4 | 4.0 | 2.4 |
General and administrative | 46.5 | 43.7 | 0.3 | 0.1 | 23.0 | 15.0 | 10.4 |
EBITA | -44.8 | -38.2 | -0.3 | -0.1 | -34.1 | -26.1 | -14.0 |
EBITA margin | -54.1% | -15.0% | -22.7% | -0.3% | -7.9% | -22.4% | -67.2% |
Amortization of intangibles | 1.5 | 0.8 | 0.0 | 0.0 | | | |
EBIT | -46.4 | -39.0 | -0.3 | -0.1 | -34.1 | -26.1 | -14.0 |
EBIT margin | -56.0% | -15.3% | -22.9% | -0.3% | -7.9% | -22.4% | -67.2% |
Pre-tax income | -84.5 | -196.7 | -0.2 | -0.1 | -88.1 | -29.4 | -17.7 |
Income taxes | 0.1 | -0.7 | 0.0 | 0.0 | 0.9 | 1.2 | -1.7 |
Tax rate | | 0.4% | 0.0% | 0.0% | | | 9.6% |
Earnings from continuing ops | -84.7 | -196.6 | -0.2 | -0.1 | -88.6 | -61.0 | -16.0 |
Earnings from discontinued ops | | | | | -0.6 | 1.8 | -8.1 |
Net income | -84.7 | -196.6 | -0.2 | -0.1 | -89.2 | -59.2 | -24.1 |
Net margin | -102.3% | -77.4% | -13.8% | -0.2% | -20.7% | -50.7% | -115.8% |
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Diluted EPS | $0.00 | ($1.72) | $0.00 | $0.00 | ($3.55) | ($2.44) | |
Shares outstanding (diluted) | 200,167.2 | 114.4 | 74.0 | 74.0 | 25.0 | 25.0 | |
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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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