Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
Revenues | 83.6 | 79.9 | 0.0 |
Revenue growth | 4.6% | | |
Cost of goods sold | 57.6 | 66.9 | 0.0 |
Gross profit | 26.0 | 13.0 | 0.0 |
Gross margin | 31.1% | 16.3% | |
Selling, general and administrative | 138.4 | 171.4 | 8.8 |
Sales and marketing | 12.7 | 42.4 | |
EBITA | -89.5 | -139.2 | -8.8 |
EBITA margin | -107.0% | -174.1% | |
Amortization of intangibles | 22.8 | 19.2 | |
EBIT | -112.4 | -158.4 | -8.8 |
EBIT margin | -134.4% | -198.2% | |
Pre-tax income | -252.7 | -504.7 | -6.5 |
Income taxes | -15.0 | -6.4 | 0.0 |
Tax rate | 5.9% | 1.3% | 0.0% |
Earnings from continuing ops | -237.7 | -498.3 | -6.5 |
Earnings from discontinued ops | -5.2 | -88.7 | |
Net income | -242.9 | -587.0 | -6.5 |
Net margin | -290.5% | -734.5% | |
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Diluted EPS | ($2.32) | ($5.25) | ($0.42) |
Shares outstanding (diluted) | 102.6 | 95.0 | 15.2 |
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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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