| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
| | 10-K | 10-K | 10-K |
| Revenues | 442.4 | 412.8 | 328.8 |
| Revenue growth | 7.2% | 25.6% | |
| Cost of goods sold | 45.3 | 32.6 | 24.7 |
| Gross profit | 397.2 | 380.2 | 304.1 |
| Gross margin | 89.8% | 92.1% | 92.5% |
| Selling, general and administrative [+] | 227.7 | 188.0 | 116.6 |
| Sales and marketing | 55.9 | 51.4 | 33.3 |
| General and administrative | 171.8 | 136.6 | 83.2 |
| Equity in earnings | | | -3.9 |
| Other operating expenses | 308.8 | 277.7 | 205.0 |
| EBITDA [+] | -94.1 | -52.8 | 3.3 |
| EBITDA growth | 78.1% | -1681.6% | |
| EBITDA margin | -21.3% | -12.8% | 1.0% |
| Depreciation | 3.2 | 2.7 | 2.8 |
| EBITA | -97.2 | -55.5 | 0.6 |
| EBITA margin | -22.0% | -13.5% | 0.2% |
| Amortization of intangibles | 42.1 | 29.9 | 21.9 |
| EBIT [+] | -139.3 | -85.4 | -21.3 |
| EBIT growth | 63.1% | 300.3% | |
| EBIT margin | -31.5% | -20.7% | -6.5% |
| Interest expense, net [+] | 0.6 | 27.6 | 31.0 |
| Interest expense | 2.4 | 27.7 | 31.0 |
| Interest income | 1.9 | 0.1 | 0.1 |
| Other income (expense), net [+] | 20.2 | 25.9 | -5.8 |
| Gain (loss) on debt retirement | | -1.1 | |
| Change in fair value of warrants | -8.4 | -12.7 | 3.4 |
| Other | 20.2 | 27.0 | -9.7 |
| Pre-tax income | -119.7 | -87.2 | -58.1 |
| Income taxes | -0.2 | -2.0 | -1.6 |
| Tax rate | 0.2% | 2.3% | 2.7% |
| Minority interest | -0.8 | -0.1 | -0.4 |
| Net income | -118.7 | -85.0 | -60.0 |
| Net margin | -26.8% | -20.6% | -18.3% |
| |
| Basic EPS [+] | ($0.34) | ($0.30) | ($0.28) |
| Growth | 12.7% | 8.4% | |
| Diluted EPS [+] | ($0.34) | ($0.30) | ($0.28) |
| Growth | 12.7% | 8.4% | |
| |
| Shares outstanding (basic) [+] | 348.1 | 281.0 | 215.1 |
| Growth | 23.9% | 30.7% | |
| Shares outstanding (diluted) [+] | 348.1 | 281.0 | 215.1 |
| Growth | 23.9% | 30.7% | |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |