In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | S-1/A |
Revenues | 161.7 | 126.7 | 84.7 | 89.6 | 61.2 | 34.7 | 19.8 |
Revenue growth | 27.6% | 49.6% | -5.5% | 46.3% | 76.5% | 75.1% | |
Cost of goods sold | 55.1 | 41.3 | 32.2 | 34.7 | 25.1 | 17.0 | 9.7 |
Gross profit | 106.6 | 85.4 | 52.5 | 54.9 | 36.1 | 17.7 | 10.1 |
Gross margin | 65.9% | 67.4% | 62.0% | 61.3% | 59.0% | 51.0% | 51.0% |
Selling, general and administrative | 126.0 | 92.2 | 66.6 | 70.8 | 47.3 | 30.8 | 23.2 |
Research and development | 20.3 | 18.3 | 13.8 | 15.0 | 12.7 | 6.9 | 2.7 |
EBITDA [+] | -35.8 | -21.4 | -24.6 | -27.7 | -21.1 | -18.0 | -15.2 |
EBITDA growth | 67.1% | -12.8% | -11.2% | 31.3% | 16.7% | 18.4% | |
EBITDA margin | -22.1% | -16.9% | -29.0% | -30.9% | -34.4% | -52.0% | -77.0% |
Depreciation | 2.7 | 2.5 | 2.4 | 2.7 | 2.2 | 1.6 | 0.6 |
EBITA | -38.5 | -23.9 | -27.0 | -30.3 | -23.3 | -19.7 | -15.8 |
EBITA margin | -23.8% | -18.9% | -31.9% | -33.9% | -38.0% | -56.8% | -80.0% |
Amortization of intangibles | 1.2 | 1.2 | 0.9 | 0.6 | 0.6 | 0.3 | |
EBIT [+] | -39.7 | -25.1 | -27.9 | -30.9 | -23.9 | -20.0 | -15.8 |
EBIT growth | 57.7% | -9.9% | -9.8% | 29.7% | 19.4% | 26.2% | |
EBIT margin | -24.5% | -19.8% | -33.0% | -34.5% | -39.0% | -57.6% | -80.0% |
Interest expense, net [+] | 11.7 | 9.0 | 9.4 | 8.7 | 8.8 | 10.4 | 3.4 |
Interest expense | 11.8 | 9.1 | 9.4 | 8.7 | 8.8 | 10.4 | 3.4 |
Interest income | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Other income (expense), net [+] | -21.5 | -5.5 | -0.7 | 2.1 | 11.8 | -4.4 | -2.8 |
Gain (loss) on debt retirement | -19.0 | | | | | | |
Unrealized gain/loss on derivatives | 0.7 | 0.7 | 1.6 | 3.1 | 15.9 | -2.4 | |
Change in value of contingent liability | | | 0.3 | 0.3 | -1.7 | | |
Other | -3.2 | -6.3 | -2.7 | -1.2 | -2.4 | -0.4 | |
Pre-tax income | -72.8 | -39.7 | -38.0 | -37.5 | -20.9 | -34.8 | -22.0 |
Income taxes | 2.4 | 1.4 | 0.1 | 0.6 | 0.2 | 0.1 | 0.1 |
Net income | -75.2 | -41.1 | -38.1 | -38.2 | -21.1 | -34.9 | -22.2 |
Net margin | -46.5% | -32.5% | -45.0% | -42.6% | -34.5% | -100.6% | -111.9% |
|
Basic EPS [+] | ($3.08) | ($1.72) | ($1.63) | ($1.86) | ($1.22) | ($3.41) | |
Growth | 79.2% | 5.0% | -12.0% | 52.7% | -64.4% | | |
Diluted EPS [+] | ($3.08) | ($1.72) | ($1.63) | ($1.86) | ($1.22) | ($3.41) | |
Growth | 79.2% | 5.0% | -12.0% | 52.7% | -64.4% | | |
|
Shares outstanding (basic) [+] | 24.5 | 24.0 | 23.3 | 20.5 | 17.4 | 10.2 | |
Growth | 2.0% | 2.8% | 13.5% | 18.4% | 69.6% | | |
Shares outstanding (diluted) [+] | 24.5 | 24.0 | 23.3 | 20.5 | 17.4 | 10.2 | |
Growth | 2.0% | 2.8% | 13.5% | 18.4% | 69.6% | | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |