Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 8.6 | 66.3 | 12.5 | 90.6 | 105.0 | 138.7 | 297.8 | 167.0 |
Revenue growth | -87.0% | 428.6% | -86.2% | -13.7% | -24.3% | -53.4% | 78.3% | 278.3% |
Cost of goods sold | 36.0 | 57.0 | 52.9 | 65.2 | 64.1 | 89.6 | 124.6 | 77.8 |
Gross profit | -27.4 | 9.3 | -40.3 | 25.4 | 40.9 | 49.1 | 173.2 | 89.1 |
Gross margin | -318.9% | 14.0% | -321.5% | 28.1% | 38.9% | 35.4% | 58.2% | 53.4% |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 4.4 | 7.4 | 3.9 | 9.3 | 26.9 | 40.3 | 42.6 | 27.7 |
General and administrative | 15.7 | 16.8 | 24.5 | 22.4 | 35.3 | 37.4 | 33.8 | 28.0 |
EBITA | -47.5 | -14.9 | -89.4 | -5.7 | -17.6 | -25.9 | 94.6 | 28.9 |
EBITA margin | -553.0% | -22.4% | -712.2% | -6.3% | -16.8% | -18.7% | 31.8% | 17.3% |
Amortization of intangibles | | | | 0.6 | 3.8 | 4.8 | 4.8 | 3.6 |
EBIT | -47.5 | -14.9 | -89.4 | -6.3 | -21.4 | -30.7 | 89.9 | 25.4 |
EBIT margin | -553.0% | -22.4% | -712.2% | -6.9% | -20.4% | -22.1% | 30.2% | 15.2% |
Pre-tax income | -39.4 | -3.8 | -88.0 | -8.2 | -140.4 | -11.4 | 47.8 | 58.9 |
Income taxes | 0.0 | 0.1 | 0.1 | -0.2 | 5.0 | 20.1 | 1.1 | -21.9 |
Tax rate | | | | 3.0% | | | 2.3% | |
Net income | -39.4 | -3.9 | -88.2 | -8.0 | -145.4 | -31.5 | 46.7 | 80.8 |
Net margin | -458.8% | -5.8% | -702.6% | -8.8% | -138.5% | -22.7% | 15.7% | 48.4% |
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Diluted EPS | ($1.65) | ($0.18) | ($4.15) | ($0.38) | ($6.92) | ($1.62) | $3.14 | $6.19 |
Shares outstanding (diluted) | 23.9 | 21.3 | 21.3 | 21.2 | 21.0 | 19.4 | 14.9 | 13.0 |
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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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