Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 301.3 | 233.1 | 163.9 | 82.1 |
Revenue growth | 29.3% | 42.2% | 99.6% | |
Cost of goods sold | 202.1 | 143.4 | 94.5 | 46.4 |
Gross profit | 99.2 | 89.7 | 69.4 | 35.7 |
Gross margin | 32.9% | 38.5% | 42.3% | 43.5% |
Sales and marketing | 38.2 | 36.4 | 25.5 | 13.3 |
General and administrative | 128.8 | 64.9 | 38.1 | 22.5 |
EBIT | -67.8 | -11.6 | 5.8 | -0.1 |
EBIT margin | -22.5% | -5.0% | 3.5% | -0.1% |
Pre-tax income | -337.7 | -13.7 | 4.5 | -0.8 |
Income taxes | 0.4 | 0.2 | 0.2 | 0.0 |
Tax rate | | | 4.1% | |
Net income | -82.9 | -13.8 | 4.3 | -0.8 |
Net margin | -27.5% | -5.9% | 2.6% | -0.9% |
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Diluted EPS | ($1.62) | ($1.64) | | |
Shares outstanding (diluted) | 51.2 | 8.4 | | |
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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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