Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
Revenues | 7.0 | 1.7 | 0.4 |
Revenue growth | 305.8% | 337.3% | |
Cost of goods sold | 3.4 | 1.0 | 0.3 |
Gross profit | 3.6 | 0.8 | 0.1 |
Gross margin | 51.8% | 44.7% | 14.7% |
Sales and marketing | 21.8 | 9.4 | 5.2 |
Research and development | 22.6 | 12.1 | 8.2 |
General and administrative | 22.1 | 11.9 | 2.5 |
EBITA | -103.6 | -35.6 | -17.2 |
EBITA margin | -1481.1% | -2065.7% | -4372.6% |
Amortization of intangibles | 2.5 | 0.4 | |
EBIT | -106.1 | -36.0 | -17.2 |
EBIT margin | -1516.7% | -2088.9% | -4372.6% |
Pre-tax income | -130.9 | -30.7 | -20.0 |
Income taxes | 0.1 | 0.2 | 0.1 |
Net income | -131.1 | -30.9 | -20.0 |
Net margin | -1874.6% | -1795.4% | -5086.5% |
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Diluted EPS | ($0.95) | ($0.45) | ($0.65) |
Shares outstanding (diluted) | 138.4 | 69.2 | 30.7 |
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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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