Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-05-22 | Dec-31-21 | Dec-05-21 | Dec-31-20 | Dec-05-20 | Dec-31-19 |
Revenues | 421.5 | 421.5 | 358.4 | 358.4 | 208.4 | 208.4 | 106.8 |
Revenue growth | 17.6% | 17.6% | 72.0% | 72.0% | 95.0% | | |
Cost of goods sold | 0.0 | 384.1 | 0.0 | 314.1 | 0.0 | 184.1 | 0.0 |
Gross profit | 421.5 | 37.4 | 358.4 | 44.4 | 208.4 | 24.2 | 106.8 |
Gross margin | 100.0% | 8.9% | 100.0% | 12.4% | 100.0% | 11.6% | 100.0% |
Selling, general and administrative | 527.7 | 143.6 | 435.2 | 121.2 | 249.0 | 64.9 | 186.1 |
EBITA | -98.6 | -106.2 | -74.8 | -76.8 | -38.2 | -40.6 | -76.4 |
EBITA margin | -23.4% | -25.2% | -20.9% | -21.4% | -18.3% | -19.5% | -71.5% |
Amortization of intangibles | 3.6 | | 2.0 | | 1.4 | | 0.4 |
EBIT | -102.2 | -106.2 | -76.8 | -76.8 | -39.6 | -40.6 | -76.8 |
EBIT margin | -24.2% | -25.2% | -21.4% | -21.4% | -19.0% | -19.5% | -71.8% |
Pre-tax income | -102.1 | -102.1 | -77.5 | -77.5 | -40.5 | -40.5 | -77.2 |
Income taxes | 0.1 | 0.1 | 0.7 | 0.7 | 0.5 | 0.5 | 0.0 |
Net income | -102.2 | -102.2 | -78.2 | -78.2 | -41.0 | -41.0 | -77.2 |
Net margin | -24.2% | -24.2% | -21.8% | -21.8% | -19.7% | -19.7% | -72.3% |
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Diluted EPS | ($0.65) | ($0.65) | ($0.62) | ($0.62) | ($1.90) | ($1.90) | ($4.20) |
Shares outstanding (diluted) | 157.0 | 157.0 | 125.3 | 125.3 | 21.6 | 21.6 | 18.4 |
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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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