In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 |
| 10-K | 10-K | 10-K | 10-K | 10-K | S-1/A |
Revenues | 221.2 | 247.8 | 185.7 | 114.5 | 73.3 | 36.5 |
Revenue growth | -10.7% | 33.4% | 62.3% | 56.2% | 101.0% | |
Cost of goods sold | 115.7 | 125.9 | 101.0 | 69.4 | 47.3 | 22.8 |
Gross profit | 105.5 | 121.9 | 84.7 | 45.0 | 26.0 | 13.7 |
Gross margin | 47.7% | 49.2% | 45.6% | 39.4% | 35.5% | 37.5% |
Selling, general and administrative [+] | 121.1 | 127.4 | 98.6 | 88.7 | 51.8 | 32.6 |
Sales and marketing | 121.1 | 127.4 | 68.0 | 55.2 | 40.5 | 26.9 |
General and administrative | | | 30.6 | 33.5 | 11.3 | 5.6 |
Research and development | | | 8.1 | 10.7 | 3.7 | 3.7 |
Other operating expenses | 181.5 | 203.5 | 12.7 | | | |
Adjusted EBITDA | | | -11.5 | -19.5 | -28.6 | -21.3 |
Adjusted EBITDA margin | | | -6.2% | -17.0% | -39.0% | -58.4% |
Stock-based compensation | | | 22.7 | 34.7 | 0.6 | 1.0 |
EBITDA [+] | -189.6 | -201.7 | -34.2 | -54.2 | -29.2 | -22.3 |
EBITDA growth | -6.0% | 489.8% | -36.8% | 85.6% | 30.6% | |
EBITDA margin | -85.7% | -81.4% | -18.4% | -47.3% | -39.8% | -61.3% |
Depreciation and amortization | 7.5 | 7.3 | 0.6 | 0.2 | 0.3 | 0.3 |
EBIT [+] | -197.1 | -209.0 | -34.8 | -54.3 | -29.4 | -22.6 |
EBIT growth | -5.7% | 501.5% | -36.0% | 84.6% | 30.3% | |
EBIT margin | -89.1% | -84.4% | -18.7% | -47.5% | -40.2% | -62.0% |
Interest expense, net [+] | -0.1 | -0.6 | 5.0 | 4.4 | 2.4 | 0.4 |
Interest expense | 2.7 | 13.3 | 5.0 | 4.5 | 2.4 | 0.4 |
Interest income | 0.1 | 0.6 | 0.1 | 0.1 | 0.0 | 0.0 |
Other income (expense), net [+] | 3.1 | -13.8 | -23.3 | 0.0 | 0.0 | 0.0 |
Gain (loss) on debt retirement | | | -2.0 | | | |
Unrealized gain/loss on derivatives | -0.5 | 26.5 | 21.3 | | | |
Change in fair value of warrants | -0.5 | 26.5 | 21.3 | | | |
Change in value of contingent liability | | | 12.7 | | | |
Other | | | 0.0 | 0.0 | 0.0 | 0.0 |
Pre-tax income | -196.7 | -235.5 | -63.1 | -58.8 | -31.8 | -23.0 |
Income taxes | -0.4 | 0.5 | 0.0 | 0.0 | 0.1 | 0.0 |
Tax rate | 0.2% | | | | | |
Net income | -196.3 | -236.0 | -63.1 | -58.8 | -31.8 | -23.1 |
Net margin | -88.8% | -95.3% | -34.0% | -51.4% | -43.4% | -63.3% |
|
Basic EPS [+] | ($2.95) | ($6.67) | ($3.68) | ($4.35) | ($3.13) | ($2.88) |
Growth | -55.8% | 81.4% | -15.5% | 38.9% | 8.7% | |
Diluted EPS [+] | ($2.95) | ($6.67) | ($3.68) | ($4.35) | ($3.13) | ($2.88) |
Growth | -55.8% | 81.4% | -15.5% | 38.9% | 8.7% | |
|
Shares outstanding (basic) [+] | 66.5 | 35.4 | 17.2 | 13.5 | 10.2 | 8.0 |
Growth | 88.0% | 106.1% | 27.0% | 33.0% | 26.9% | |
Shares outstanding (diluted) [+] | 66.5 | 35.4 | 17.2 | 13.5 | 10.2 | 8.0 |
Growth | 88.0% | 106.1% | 27.0% | 33.0% | 26.9% | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |