Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 262.7 | 149.7 | 114.6 |
Revenue growth | 75.5% | 30.6% | |
Cost of goods sold | 476.2 | 114.1 | 89.3 |
Gross profit | -213.4 | 35.7 | 25.3 |
Gross margin | -81.2% | 23.8% | 22.1% |
Sales and marketing | 27.3 | 13.2 | 17.7 |
Research and development | 26.5 | 11.2 | 13.3 |
General and administrative | 293.2 | 31.6 | 29.5 |
EBITA | -504.1 | 13.0 | -8.9 |
EBITA margin | -191.9% | 8.7% | -7.8% |
Amortization of intangibles | 56.3 | 33.4 | 26.3 |
EBIT | -560.4 | -20.4 | -35.2 |
EBIT margin | -213.3% | -13.6% | -30.7% |
Pre-tax income | -604.5 | -28.5 | -45.6 |
Income taxes | -11.7 | 1.8 | -5.4 |
Tax rate | 1.9% | | 11.8% |
Net income | -592.8 | -30.3 | -40.2 |
Net margin | -225.6% | -20.3% | -35.1% |
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Diluted EPS | ($3.93) | ($0.43) | ($0.59) |
Shares outstanding (diluted) | 150.9 | 70.0 | 68.4 |
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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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