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 |
Revenues | 46.9 | 42.2 | 26.9 | | 22.1 |
Revenue growth | 11.0% | 56.9% | | | |
Cost of goods sold | 20.8 | 19.0 | 12.0 | | 9.7 |
Gross profit | 26.0 | 23.2 | 14.9 | | 12.4 |
Gross margin | 55.5% | 55.0% | 55.5% | | 56.2% |
Selling, general and administrative | 43.9 | 32.2 | 12.5 | | 9.3 |
Research and development | 17.5 | 13.1 | 8.2 | | 9.5 |
EBITA | -35.0 | -22.1 | -5.8 | | -6.4 |
EBITA margin | -74.8% | -52.3% | -21.6% | | -29.2% |
Amortization of intangibles | 0.3 | | | | |
EBIT | -35.4 | -22.1 | -5.8 | | -6.4 |
EBIT margin | -75.5% | -52.3% | -21.6% | | -29.2% |
Pre-tax income | -33.6 | -22.2 | -12.8 | | -7.6 |
Income taxes | 0.0 | 0.0 | 0.0 | | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% | | 0.0% |
Net income | -33.6 | -22.2 | -12.9 | | -7.6 |
Net margin | -71.7% | -52.6% | -48.0% | | -34.5% |
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Diluted EPS | ($1.07) | ($0.79) | ($2.35) | | ($1.55) |
Shares outstanding (diluted) | 31.5 | 28.0 | 5.5 | | 4.9 |
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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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