Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
Revenues | 330.6 | 164.1 | 79.4 |
Revenue growth | 101.5% | 106.6% | |
Cost of goods sold | 0.0 | 0.0 | 0.0 |
Gross profit | 330.6 | 164.1 | 79.4 |
Gross margin | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 439.4 | 244.4 | |
Sales and marketing | | | 11.1 |
General and administrative | | | 8.4 |
EBITA | -203.8 | -119.4 | 38.5 |
EBITA margin | -61.7% | -72.8% | 48.5% |
Amortization of intangibles | 20.4 | 2.0 | |
EBIT | -224.3 | -121.5 | 38.5 |
EBIT margin | -67.8% | -74.0% | 48.5% |
Pre-tax income | -214.7 | -169.4 | 21.3 |
Income taxes | -25.6 | 0.1 | 0.0 |
Tax rate | 11.9% | | 0.0% |
Net income | -189.1 | -182.3 | -67.2 |
Net margin | -57.2% | -111.1% | -84.6% |
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Diluted EPS | ($0.78) | ($1.88) | ($1.49) |
Shares outstanding (diluted) | 241.7 | 97.2 | 45.2 |
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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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