In millions, except per share items | Jun-30-23 | Mar-31-23 | Dec-31-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 |
| 10-Q | 10-Q | 8-K | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
Revenues: |
Proprietary Transactions | 18.6 | 25.3 | | 12.2 | 14.1 | | | |
Non-Proprietary Transaction | 90.4 | 109.3 | | 81.5 | 52.0 | | | |
Total revenues | 109.0 | 134.6 | 99.2 | 93.6 | 66.1 | 43.7 | 32.0 | 39.7 |
Revenue growth [+] | 16.5% | 103.6% | 126.9% | 135.9% | 107.9% | 85.8% | 13.5% | |
Proprietary Transactions | 52.8% | 79.7% | | | | | | |
Non-Proprietary Transaction | 11.0% | 110.1% | | | | | | |
Cost of goods sold | 106.1 | 125.1 | 98.4 | 87.9 | 75.1 | 45.6 | 31.6 | 39.7 |
Gross profit | 3.0 | 9.5 | 0.8 | 5.7 | -8.9 | -1.9 | 0.4 | 0.0 |
Gross margin | 2.7% | 7.1% | 0.8% | 6.1% | -13.5% | -4.3% | 1.3% | -0.1% |
Selling, general and administrative [+] | 10.9 | 16.2 | 21.6 | 20.3 | 20.3 | 24.0 | 28.1 | 18.6 |
General and administrative | | | | | | 24.0 | | |
Research and development | 10.3 | 12.6 | 11.8 | 12.0 | 12.3 | 14.2 | 10.5 | 8.8 |
Other operating expenses | | | | | | | | -2.8 |
EBITDA [+] | -12.9 | -14.0 | | -21.0 | -36.1 | -35.7 | | -21.8 |
EBITDA growth | -38.8% | -61.1% | -8.8% | -3.5% | 103.8% | 111.6% | 160.8% | |
EBITDA margin | -11.8% | -10.4% | -32.8% | -22.4% | -54.6% | -81.6% | -119.1% | -54.8% |
Depreciation and amortization | 5.3 | 5.3 | | 5.5 | 5.4 | 4.4 | | 2.8 |
EBIT [+] | -18.2 | -19.3 | -32.6 | -26.5 | -41.5 | -40.1 | -38.1 | -24.6 |
EBIT growth | -31.5% | -53.5% | -18.7% | 7.9% | 104.5% | 110.5% | 160.8% | |
EBIT margin | -16.7% | -14.3% | -32.8% | -28.4% | -62.7% | -91.6% | -119.1% | -62.0% |
Non-recurring items [+] | 19.2 | | | | | | | |
Asset impairment | 19.2 | | | | | | | |
Interest expense | 6.9 | 6.4 | 5.4 | 3.4 | 6.4 | 0.5 | 1.5 | 1.3 |
Interest expense | 6.9 | 6.4 | 5.4 | 3.4 | 6.4 | 0.5 | 1.5 | 1.3 |
Other income (expense), net [+] | -5.0 | 20.8 | -15.6 | 4.9 | 30.4 | -1.7 | 5.6 | -1.5 |
Gain (loss) on debt retirement | | | | | | | -11.7 | |
Change in fair value of warrants | 3.0 | -21.7 | | -5.9 | -31.7 | 0.4 | -15.2 | 1.7 |
Other | -1.9 | -0.9 | -0.1 | -1.0 | -1.3 | -1.3 | 2.1 | 0.2 |
Pre-tax income | -49.3 | -4.8 | -53.6 | -25.0 | -17.5 | -42.2 | -34.1 | -27.4 |
Income taxes | -0.1 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.2 | 0.0 |
Tax rate | 0.3% | | | | 0.2% | | | 0.0% |
Earnings from continuing ops | -49.1 | -4.8 | -53.6 | -25.1 | -17.4 | -42.2 | -34.3 | -27.4 |
Earnings from discontinued ops | | | -22.8 | | | | | |
Net income | -56.8 | -3.1 | -53.6 | -27.6 | -16.6 | -42.2 | -34.3 | -27.4 |
Net margin | -52.1% | -2.3% | -54.0% | -29.4% | -25.1% | -96.5% | -107.1% | -69.1% |
|
Basic EPS [+] | ($0.26) | ($0.03) | ($0.29) | ($0.14) | ($0.11) | ($0.35) | ($0.29) | ($0.25) |
Growth | 93.4% | -76.1% | -17.2% | -46.1% | -47.2% | 13.6% | 54.7% | |
Diluted EPS [+] | ($0.26) | ($0.03) | ($0.29) | ($0.14) | ($0.11) | ($0.35) | ($0.29) | ($0.25) |
Growth | 93.4% | -76.1% | -17.2% | -46.1% | -47.2% | 13.6% | 54.7% | |
|
Shares outstanding (basic) [+] | 187.7 | 187.1 | 186.8 | 185.5 | 160.7 | 121.8 | 118.7 | 109.2 |
Growth | 1.2% | 16.4% | 53.3% | 69.9% | 47.8% | 46.3% | 30.8% | |
Shares outstanding (diluted) [+] | 187.7 | 187.1 | 186.8 | 185.5 | 160.7 | 121.8 | 118.7 | 109.2 |
Growth | 1.2% | 16.4% | 53.3% | 69.9% | 47.8% | 46.3% | 30.8% | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |