Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 0.3 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 13.0 | 0.0 |
Revenue growth | 240.3% | 570.3% | -21.4% | | | -100.0% | | |
Cost of goods sold | -32.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 33.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 13.0 | 0.0 |
Gross margin | 10812.9% | 100.0% | 100.0% | 100.0% | | | 100.0% | |
Selling, general and administrative | | | | | | | | |
Sales and marketing | 6.6 | 3.7 | 1.1 | 1.0 | 1.2 | 0.8 | 0.3 | |
Research and development | 14.6 | 13.0 | 14.5 | 10.4 | 10.9 | 8.0 | 7.9 | 6.1 |
General and administrative | 11.7 | 11.7 | 5.7 | 4.7 | 5.8 | 5.8 | 4.2 | 2.3 |
EBITA | -31.7 | -28.3 | -21.2 | -16.0 | -17.8 | -14.6 | -12.3 | -9.9 |
EBITA margin | -10347.7% | -31396.2% | -157516.5% | -93329.7% | | | -95.3% | |
Amortization of intangibles | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
EBIT | -31.8 | -28.4 | -21.2 | -16.0 | -17.9 | -14.7 | -12.4 | -10.0 |
EBIT margin | -10372.4% | -31498.0% | -158176.2% | -93840.2% | | | -95.9% | |
Pre-tax income | 0.3 | 0.2 | -20.4 | -16.1 | -18.0 | -14.8 | -11.9 | -9.5 |
Income taxes | 30.9 | 27.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 9381.4% | 15512.5% | | 0.0% | 0.0% | 0.0% | 0.0% | |
Net income | 0.3 | 0.2 | -20.3 | -16.1 | -18.0 | -14.8 | -11.9 | -9.5 |
Net margin | 107.6% | 194.5% | -151157.1% | -94168.5% | | | -91.9% | |
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Diluted EPS | $0.01 | $0.00 | ($0.45) | ($0.41) | ($0.57) | ($0.56) | ($0.52) | ($0.54) |
Shares outstanding (diluted) | 53.9 | 52.7 | 45.3 | 39.2 | 31.4 | 26.4 | 23.0 | 17.7 |
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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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