Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 261.2 | 229.1 | 169.7 | 130.6 |
Revenue growth | 14.0% | 35.0% | 30.0% | |
Cost of goods sold | 126.2 | 106.2 | 76.9 | 64.9 |
Gross profit | 135.1 | 123.0 | 92.8 | 65.7 |
Gross margin | 51.7% | 53.7% | 54.7% | 50.3% |
Sales and marketing | 87.7 | 70.2 | 41.1 | 36.6 |
Research and development | 72.0 | 55.3 | 36.6 | 25.0 |
General and administrative | 84.0 | 52.9 | 21.9 | 17.9 |
EBIT | -108.6 | -55.4 | -6.8 | -13.9 |
EBIT margin | -41.6% | -24.2% | -4.0% | -10.6% |
Pre-tax income | -97.9 | -177.3 | -10.3 | -13.7 |
Income taxes | 6.0 | 1.6 | 1.1 | 0.5 |
Net income | -104.0 | -178.9 | -11.3 | -14.2 |
Net margin | -39.8% | -78.1% | -6.7% | -10.9% |
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Diluted EPS | ($0.62) | ($2.34) | ($0.40) | ($0.52) |
Shares outstanding (diluted) | 167.7 | 76.5 | 28.0 | 27.2 |
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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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