Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 105.5 | 110.6 | 86.4 | 56.7 | 37.6 | 22.9 | 17.6 | 12.2 |
Revenue growth | -4.6% | 28.0% | 52.2% | 50.8% | 64.5% | 30.1% | 44.4% | |
Cost of goods sold | 58.7 | 48.8 | 38.2 | 29.9 | 19.7 | 12.9 | 9.8 | 5.7 |
Gross profit | 46.8 | 61.7 | 48.2 | 26.8 | 17.9 | 10.0 | 7.7 | 6.5 |
Gross margin | 44.4% | 55.8% | 55.8% | 47.3% | 47.7% | 43.7% | 44.1% | 53.5% |
Selling, general and administrative | 92.0 | 92.3 | 59.6 | 52.2 | 33.7 | 19.7 | 12.5 | 10.2 |
Research and development | 25.9 | 28.0 | 20.2 | 16.2 | 15.8 | 16.3 | 17.0 | |
EBITA | -53.2 | -56.6 | -29.5 | -40.2 | -31.0 | -26.0 | -21.7 | -14.5 |
EBITA margin | -50.4% | -51.2% | -34.1% | -70.9% | -82.2% | -113.7% | -123.5% | -119.2% |
Amortization of intangibles | 1.8 | 2.0 | 2.1 | 1.4 | 0.6 | | | |
EBIT | -55.0 | -58.6 | -31.6 | -41.6 | -31.6 | -26.0 | -21.7 | -14.5 |
EBIT margin | -52.1% | -53.0% | -36.6% | -73.3% | -83.8% | -113.7% | -123.5% | -119.2% |
Pre-tax income | -96.6 | -57.7 | -31.9 | -41.0 | -31.5 | -27.0 | -23.2 | -15.9 |
Income taxes | 0.1 | 0.0 | -0.4 | -0.2 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | | 0.1% | 1.2% | 0.5% | 0.1% | 0.0% | 0.0% | 0.0% |
Net income | -96.7 | -57.7 | -31.5 | -40.8 | -31.5 | -31.2 | -27.6 | -15.9 |
Net margin | -91.6% | -52.2% | -36.5% | -71.9% | -83.7% | -136.3% | -157.1% | -130.9% |
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Diluted EPS | ($2.61) | ($1.60) | ($1.07) | ($1.63) | ($1.43) | ($8.30) | ($12.89) | ($0.01) |
Shares outstanding (diluted) | 37.0 | 36.0 | 29.6 | 25.1 | 22.0 | 3.8 | 2.1 | 1,813.2 |
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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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