Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
Revenues | 36.4 | 5.0 | 2.6 |
Revenue growth | 620.6% | 91.1% | |
Cost of goods sold | 66.4 | 7.4 | 2.3 |
Gross profit | -30.0 | -2.4 | 0.3 |
Gross margin | -82.6% | -46.8% | 11.4% |
Sales and marketing | 9.5 | 3.5 | 1.5 |
Research and development | 30.7 | 20.1 | 7.0 |
General and administrative | 41.1 | 27.2 | 3.6 |
EBIT | -111.3 | -53.2 | -11.9 |
EBIT margin | -306.1% | -1053.0% | -449.5% |
Pre-tax income | -73.3 | 23.4 | -16.7 |
Income taxes | 0.0 | 0.0 | 0.0 |
Tax rate | | 0.0% | 0.0% |
Net income | -73.3 | 23.4 | -16.7 |
Net margin | -201.6% | 463.6% | -631.1% |
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Diluted EPS | ($0.42) | $0.22 | ($0.23) |
Shares outstanding (diluted) | 174.4 | 107.8 | 72.0 |
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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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