Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 |
Revenues | 47.7 | 26.4 |
Revenue growth | 80.6% | |
Cost of goods sold | 41.2 | 34.9 |
Gross profit | 6.4 | -8.5 |
Gross margin | 13.5% | -32.2% |
Sales and marketing | 30.9 | 71.1 |
Research and development | 12.4 | 16.5 |
General and administrative | 100.5 | 531.2 |
EBIT | -138.5 | -703.0 |
EBIT margin | -290.4% | -2662.0% |
Pre-tax income | -163.7 | -703.5 |
Income taxes | -6.2 | -1.1 |
Tax rate | 3.8% | 0.2% |
Earnings from continuing ops | -157.5 | -702.4 |
Earnings from discontinued ops | -38.1 | -71.1 |
Net income | -195.6 | -773.6 |
Net margin | -410.2% | -2929.2% |
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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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