Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
Revenues | 84.0 | 56.0 | 37.9 |
Revenue growth | 49.8% | 47.9% | |
Cost of goods sold | 14.6 | 9.7 | 11.0 |
Gross profit | 69.3 | 46.3 | 26.9 |
Gross margin | 82.6% | 82.7% | 71.0% |
Sales and marketing | 1.2 | 1.5 | 1.1 |
General and administrative | 6.7 | 5.3 | 2.8 |
EBIT | 16.6 | -18.8 | -25.6 |
EBIT margin | 19.7% | -33.6% | -67.7% |
Pre-tax income | 14.0 | -21.2 | -25.5 |
Income taxes | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% |
Net income | 2.0 | -0.7 | -5.4 |
Net margin | 2.4% | -1.2% | -14.4% |
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Diluted EPS | $0.10 | ($0.04) | ($0.31) |
Shares outstanding (diluted) | 19.8 | 17.8 | 17.5 |
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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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