Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
Revenues | 440.5 | 318.7 | 94.1 |
Revenue growth | 38.2% | 238.7% | |
Cost of goods sold | 285.8 | 209.0 | 62.7 |
Gross profit | 154.7 | 109.7 | 31.3 |
Gross margin | 35.1% | 34.4% | 33.3% |
Sales and marketing | 4.8 | 4.8 | 0.7 |
Research and development | 5.4 | 3.3 | 1.2 |
General and administrative | 103.4 | 74.9 | 34.9 |
EBITA | 30.9 | 21.2 | -9.6 |
EBITA margin | 7.0% | 6.6% | -10.2% |
Amortization of intangibles | 3.2 | 1.8 | 1.5 |
EBIT | 27.7 | 19.3 | -11.0 |
EBIT margin | 6.3% | 6.1% | -11.7% |
Pre-tax income | 22.8 | 19.8 | -14.6 |
Income taxes | -8.0 | 0.6 | -0.2 |
Tax rate | | 3.1% | 1.1% |
Net income | 34.6 | 23.7 | -14.4 |
Net margin | 7.9% | 7.4% | -15.3% |
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Diluted EPS | $0.34 | $0.25 | ($0.25) |
Shares outstanding (diluted) | 103.0 | 94.9 | 58.4 |
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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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