Overview Financials News + Filings Key Docs Ownership Insiders
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Recent News + Filings (All items)
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Revenue Mix by Segment
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Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
| Revenues | 2,731.0 | 1,705.0 | 823.0 | 665.0 |
| Revenue growth | 60.2% | 107.2% | 23.8% | |
| Cost of goods sold | 2,220.0 | 1,391.0 | 683.0 | 603.0 |
| Gross profit | 511.0 | 314.0 | 140.0 | 62.0 |
| Gross margin | 18.7% | 18.4% | 17.0% | 9.3% |
| Sales and marketing | 319.0 | 190.0 | 138.0 | 128.0 |
| Research and development | 282.0 | 163.0 | 109.0 | 64.0 |
| General and administrative | 294.0 | 189.0 | 113.0 | 83.0 |
| EBITA | -379.0 | -224.0 | -216.0 | -213.0 |
| EBITA margin | -13.9% | -13.1% | -26.2% | -32.0% |
| Amortization of intangibles | 5.0 | 4.0 | 4.0 | |
| EBIT | -384.0 | -228.0 | -220.0 | -213.0 |
| EBIT margin | -14.1% | -13.4% | -26.7% | -32.0% |
| Pre-tax income | -277.0 | -490.0 | -248.0 | -212.0 |
| Income taxes | -2.0 | -3.0 | 0.0 | -3.0 |
| Tax rate | 0.7% | 0.6% | 0.0% | 1.4% |
| Net income | -275.0 | -487.0 | -249.0 | -209.0 |
| Net margin | -10.1% | -28.6% | -30.3% | -31.4% |
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| Diluted EPS | ($0.54) | ($1.68) | ($1.25) | ($1.07) |
| Shares outstanding (diluted) | 512.2 | 289.6 | 200.0 | 194.8 |
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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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