Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 147 | 102 | 77 |
Revenue growth | 44.2% | 33.4% | |
Cost of goods sold | 37 | 30 | 23 |
Gross profit | 110 | 73 | 54 |
Gross margin | 74.8% | 71.1% | 69.9% |
Sales and marketing | 92 | 60 | 37 |
Research and development | 40 | 28 | 21 |
General and administrative | 30 | 19 | 15 |
EBIT | -51 | -34 | -20 |
EBIT margin | -34.7% | -33.2% | -25.7% |
Pre-tax income | -50 | -33 | -19 |
Income taxes | 1 | 1 | 0 |
Net income | -51 | -34 | -20 |
Net margin | -34.4% | -33.3% | -25.5% |
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Diluted EPS | ($1.50) | ($2.10) | ($1.31) |
Shares outstanding (diluted) | 34 | 16 | 15 |
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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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