Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
Revenues | 381.8 | 121.4 | 16.4 |
Revenue growth | 213.7% | 640.8% | |
Cost of goods sold | 349.8 | 110.6 | 14.4 |
Gross profit | 32.0 | 10.8 | 2.0 |
Gross margin | 8.4% | 8.9% | 12.1% |
Sales and marketing | 22.7 | 7.8 | 0.9 |
Research and development | 4.9 | 4.0 | 0.4 |
General and administrative | 24.2 | 10.6 | 3.7 |
EBIT | -19.7 | -11.0 | -2.6 |
EBIT margin | -5.2% | -9.1% | -16.1% |
Pre-tax income | -20.3 | -11.7 | -3.6 |
Income taxes | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% |
Net income | -20.6 | -11.7 | -3.6 |
Net margin | -5.4% | -9.6% | -22.1% |
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Diluted EPS | ($0.12) | ($0.07) | ($0.04) |
Shares outstanding (diluted) | 171.5 | 170.5 | 101.8 |
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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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