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 | 185.4 | 149.4 | 98.4 | 50.7 | 31.8 |
| Revenue growth | 24.1% | 51.8% | 94.2% | 59.4% | |
| Cost of goods sold | 57.5 | 30.8 | 18.7 | 15.6 | 10.8 |
| Gross profit | 127.9 | 118.5 | 79.8 | 35.1 | 21.0 |
| Gross margin | 69.0% | 79.4% | 81.0% | 69.3% | 66.0% |
| Sales and marketing | 33.6 | 18.0 | 8.5 | 6.4 | 4.3 |
| Research and development | 72.9 | 58.9 | 32.9 | 21.7 | 17.1 |
| General and administrative | 73.0 | 69.6 | 22.2 | 12.2 | 8.3 |
| EBITA | -47.9 | -27.5 | 16.1 | -5.1 | -8.8 |
| EBITA margin | -25.8% | -18.4% | 16.4% | -10.0% | -27.6% |
| Amortization of intangibles | 3.8 | 0.5 | | | |
| EBIT | -51.7 | -28.0 | 16.1 | -5.1 | -8.8 |
| EBIT margin | -27.9% | -18.7% | 16.4% | -10.0% | -27.6% |
| Pre-tax income | -47.3 | -46.8 | 3.3 | -8.2 | -11.5 |
| Income taxes | -1.3 | -4.6 | 0.2 | 0.0 | 0.0 |
| Tax rate | 2.7% | 9.7% | 5.8% | | |
| Net income | -46.0 | -42.3 | 0.0 | -8.4 | -11.6 |
| Net margin | -24.8% | -28.3% | 0.0% | -16.6% | -36.3% |
| |
| Diluted EPS | ($0.28) | ($0.34) | $0.00 | ($0.48) | ($0.98) |
| Shares outstanding (diluted) | 161.3 | 123.8 | 20.1 | 17.4 | 11.8 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|