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Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20
   8-K10-K10-K
Revenues  59.80.00.0
Cost of goods sold  125.40.00.0
Gross profit  -65.60.00.0
            Gross margin  -109.8%  
Selling, general and administrative   [+]65.636.914.0
Research and development   158.7120.9
Other operating expenses  -5.8  
EBITDA   [+] -195.0-134.8
            EBITDA margin  -209.8%  
Depreciation and amortization   0.50.1
EBIT   [+]-125.4-195.6-134.9
            EBIT margin  -209.8%  
Interest expense, net   [+]-4.3-0.24.9
Other income (expense), net  10.4-0.50.1
Pre-tax income  -110.6-195.8-139.6
Income taxes  -0.30.50.0
            Tax rate  0.3%  
Net income  -110.3-195.8-139.6
            Net margin  -184.6%  
   
Basic EPS   [+] ($5.69)($11.58)
Diluted EPS   [+] ($5.69)($11.58)
   
Shares outstanding (basic)   [+] 34.412.1
Shares outstanding (diluted)   [+] 34.412.1
   
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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