Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 302.1 | 179.9 | 105.8 |
Revenue growth | 67.9% | 70.0% | |
Cost of goods sold | 174.2 | 117.9 | 78.0 |
Gross profit | 127.9 | 61.9 | 27.8 |
Gross margin | 42.3% | 34.4% | 26.3% |
Sales and marketing | 75.4 | 37.6 | 37.0 |
Research and development | 174.3 | 77.4 | 52.0 |
General and administrative | 71.6 | 17.9 | 12.2 |
EBIT | -183.6 | -69.8 | -73.4 |
EBIT margin | -60.8% | -38.8% | -69.4% |
Pre-tax income | -174.9 | -66.7 | -70.4 |
Income taxes | 0.5 | 0.2 | 0.1 |
Net income | -175.4 | -66.9 | -73.9 |
Net margin | -58.1% | -37.2% | -69.9% |
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Diluted EPS | ($0.36) | ($0.30) | ($0.33) |
Shares outstanding (diluted) | 489.1 | 222.0 | 222.0 |
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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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