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 |
Revenues | 29.1 | 20.4 | 16.6 | 22.8 | 22.1 | 10.4 | 1.6 |
Revenue growth | 42.5% | 23.1% | -27.2% | 3.1% | 112.8% | 548.3% | |
Cost of goods sold | 6.9 | 5.4 | 6.3 | 4.7 | 4.3 | 1.7 | 0.5 |
Gross profit | 22.2 | 15.0 | 10.3 | 18.1 | 17.8 | 8.7 | 1.1 |
Gross margin | 76.3% | 73.6% | 62.1% | 79.3% | 80.4% | 84.0% | 71.3% |
Sales and marketing | | | | | | | 0.0 |
General and administrative | 11.2 | 9.2 | 6.0 | 14.1 | 7.9 | 1.9 | 1.0 |
EBITA | -4.2 | -4.1 | -8.0 | -2.6 | 4.0 | -2.0 | -0.3 |
EBITA margin | -14.3% | -20.1% | -47.9% | -11.6% | 18.3% | -19.3% | -18.5% |
Amortization of intangibles | 0.8 | 0.3 | 0.4 | 0.9 | 1.7 | 0.7 | 0.0 |
EBIT | -5.0 | -4.4 | -8.3 | -3.5 | 2.4 | -2.7 | -0.3 |
EBIT margin | -17.0% | -21.6% | -50.1% | -15.5% | 10.8% | -26.0% | -21.0% |
Pre-tax income | -18.3 | -12.3 | -24.0 | -42.5 | -4.9 | -10.3 | -4.2 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | | | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | -11.1 | -14.1 | -26.5 | -42.6 | -5.0 | -10.8 | -4.3 |
Net margin | -38.2% | -68.9% | -159.5% | -186.7% | -22.5% | -103.5% | -266.4% |
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Diluted EPS | ($1.43) | ($1.82) | ($3.61) | ($6.22) | ($0.76) | ($3.97) | ($3.87) |
Shares outstanding (diluted) | 7.8 | 7.7 | 7.3 | 6.8 | 6.6 | 2.7 | 1.1 |
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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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