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 |
Revenues | 134.0 | 45.6 | 50.1 | 0.3 | 0.5 | 0.4 | 0.2 |
Revenue growth | 193.9% | -9.0% | 15660.4% | -31.3% | 10.8% | 141.6% | |
Cost of goods sold | 5.7 | 1.1 | 0.0 | 0.0 | 0.0 | 47.3 | 25.2 |
Gross profit | 128.4 | 44.5 | 50.1 | 0.3 | 0.5 | -46.9 | -25.0 |
Gross margin | 95.8% | 97.6% | 100.0% | 100.0% | 100.0% | -11212.4% | -14466.5% |
Selling, general and administrative | | | | | | -0.2 | 2.2 |
Research and development | 45.0 | 51.1 | 50.3 | 52.9 | 41.4 | | |
General and administrative | 196.4 | 173.5 | 97.3 | 22.3 | 13.7 | | |
EBITA | -109.4 | -178.6 | -103.0 | -89.8 | -53.9 | -46.7 | -27.3 |
EBITA margin | -81.6% | -391.7% | -205.5% | -28240.6% | -11651.6% | -11170.8% | -15758.4% |
Amortization of intangibles | 2.1 | 2.1 | 1.3 | 1.1 | 1.3 | | |
EBIT | -111.5 | -180.7 | -104.3 | -90.9 | -55.2 | -46.7 | -27.3 |
EBIT margin | -83.2% | -396.3% | -208.1% | -28598.4% | -11930.9% | -11170.8% | -15758.4% |
Pre-tax income | -106.4 | -180.2 | -102.8 | -88.2 | -53.0 | -70.8 | -23.3 |
Income taxes | 1.8 | 0.8 | -0.1 | 0.1 | 0.1 | 0.0 | 0.0 |
Tax rate | | | 0.1% | | | 0.0% | 0.0% |
Net income | -108.2 | -181.0 | -102.7 | -88.4 | -53.1 | -70.8 | -23.3 |
Net margin | -80.7% | -396.8% | -204.9% | -27794.0% | -11464.1% | -16935.9% | -13465.3% |
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Diluted EPS | ($0.76) | ($1.40) | ($0.87) | ($0.95) | ($0.63) | ($0.92) | ($0.66) |
Shares outstanding (diluted) | 141.9 | 129.4 | 118.5 | 93.0 | 84.8 | 76.9 | 35.3 |
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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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