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Axonics, Inc. (AXNX)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16
   10-K10-K10-K10-K10-K10-KS-1/A
Revenues:  
    Non-US      0.7  
Total revenues  273.7180.3111.513.80.70.10.0
            Revenue growth  51.8%61.6%707.1%1854.7%452.3%  
Cost of goods sold  76.064.644.46.50.40.10.0
Gross profit  197.7115.767.17.30.40.00.0
            Gross margin  72.2%64.2%60.2%53.0%49.6%7.8% 
Selling, general and administrative   [+]196.3135.891.767.713.15.95.0
Research and development  34.437.329.120.119.412.312.5
Other operating expenses  0.10.20.1  0.1 
EBITDA   [+]-30.8-55.7-52.1-79.4-31.2-17.5607.6
            EBITDA margin  -11.3%-30.9%-46.7%-574.6%-4411.7%-13682.8% 
Depreciation  2.31.91.61.10.80.6625.1
EBITA  -33.1-57.6-53.7-80.5-32.0-18.1-17.5
            EBITA margin  -12.1%-31.9%-48.2%-582.4%-4531.4%-14171.1% 
Amortization of intangibles  9.47.20.10.10.10.1 
EBIT   [+]-42.5-64.8-53.8-80.6-32.1-18.2-17.5
            EBIT margin  -15.5%-36.0%-48.3%-583.2%-4545.5%-14249.2% 
Non-recurring items   [+]22.47.0-0.1  -0.1 
Interest income  5.10.00.83.01.00.2 
Other income (expense), net  -2.5-7.5-1.9-2.3-1.3-0.10.1
Pre-tax income  -62.3-79.3-54.9-79.9-32.5-18.1-17.4
Income taxes  -2.60.80.00.00.00.00.0
            Tax rate  4.2%     0.0%
Net income  -59.7-80.1-54.9-79.9-32.5-18.1-17.4
            Net margin  -21.8%-44.4%-49.2%-578.4%-4594.5%-14110.2% 
   
Basic EPS   [+]($1.28)($1.86)($1.48)($2.80)($4.64)($7.04)($7.52)
Diluted EPS   [+]($1.28)($1.86)($1.48)($2.80)($4.64)($7.04)($7.52)
   
Shares outstanding (basic)   [+]46.743.137.028.67.02.62.3
Shares outstanding (diluted)   [+]46.743.137.028.67.02.62.3
   
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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