Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 371.0 | 249.7 | 172.4 |
Revenue growth | 48.6% | 44.8% | |
Cost of goods sold | 78.0 | 52.5 | 36.5 |
Gross profit | 293.0 | 197.2 | 135.9 |
Gross margin | 79.0% | 79.0% | 78.8% |
Sales and marketing | 260.3 | 133.3 | 111.1 |
Research and development | 120.4 | 69.2 | 38.6 |
General and administrative | 117.0 | 50.8 | 15.9 |
EBITA | -200.5 | -51.8 | -28.3 |
EBITA margin | -54.0% | -20.8% | -16.4% |
Amortization of intangibles | 4.3 | 4.3 | 1.4 |
EBIT | -204.8 | -56.1 | -29.7 |
EBIT margin | -55.2% | -22.5% | -17.2% |
Pre-tax income | -181.5 | -53.3 | -27.5 |
Income taxes | 10.5 | 4.0 | 3.6 |
Net income | -2,838.7 | -1,617.8 | -624.5 |
Net margin | -765.1% | -648.0% | -362.3% |
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Diluted EPS | ($21.73) | ($21.03) | ($8.21) |
Shares outstanding (diluted) | 130.7 | 76.9 | 76.0 |
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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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