Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
Revenues | 345.5 | 234.7 | 165.6 |
Revenue growth | 47.2% | 41.8% | |
Cost of goods sold | 229.3 | 152.7 | 100.6 |
Gross profit | 116.2 | 82.0 | 65.0 |
Gross margin | 33.6% | 34.9% | 39.2% |
Sales and marketing | 38.5 | 27.8 | 14.8 |
Research and development | 13.6 | 4.9 | 2.8 |
General and administrative | 68.4 | 50.5 | 25.9 |
EBIT | -48.4 | -31.9 | -1.3 |
EBIT margin | -14.0% | -13.6% | -0.8% |
Pre-tax income | -50.3 | -22.2 | -0.5 |
Income taxes | 0.8 | 0.0 | 0.0 |
Tax rate | | 0.0% | 0.0% |
Net income | -24.1 | -22.2 | -0.5 |
Net margin | -7.0% | -9.5% | -0.3% |
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Diluted EPS | ($0.46) | ($0.21) | ($0.01) |
Shares outstanding (diluted) | 52.3 | 105.5 | 105.5 |
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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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