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 | 49.7 | 17.5 | 27.8 | 240.0 | 263.7 | 245.7 | |
Revenue growth | 184.1% | -37.0% | -88.4% | -9.0% | 7.3% | | |
Cost of goods sold | 9.5 | 3.6 | 3.3 | 111.6 | 140.1 | 125.2 | |
Gross profit | 40.3 | 13.9 | 24.5 | 128.4 | 123.6 | 120.6 | |
Gross margin | 81.0% | 79.3% | 88.1% | 53.5% | 46.9% | 49.1% | |
Selling, general and administrative | 82.0 | 87.5 | 72.8 | 93.0 | 74.2 | 57.0 | |
Research and development | 4.0 | 6.9 | 13.4 | 32.3 | 43.7 | 42.7 | |
EBITA | -45.7 | -60.7 | -61.7 | 55.7 | 82.8 | -8.7 | |
EBITA margin | -91.9% | -346.7% | -222.4% | 23.2% | 31.4% | -3.5% | |
Amortization of intangibles | | | | 52.7 | 77.1 | 43.4 | |
EBIT | -45.7 | -60.7 | -61.7 | 3.1 | 5.7 | -52.1 | |
EBIT margin | -91.9% | -346.7% | -222.4% | 1.3% | 2.2% | -21.2% | |
Pre-tax income | -51.7 | -82.5 | -94.8 | -298.0 | -118.7 | -85.6 | |
Income taxes | 0.0 | 0.3 | -5.8 | -27.1 | -9.0 | -44.5 | |
Tax rate | 0.0% | | 6.1% | 9.1% | 7.6% | 52.0% | |
Net income | -51.7 | -64.9 | -79.6 | -270.9 | -109.7 | -41.1 | |
Net margin | -104.0% | -371.0% | -286.7% | -112.9% | -41.6% | -16.7% | |
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Diluted EPS | ($0.58) | ($1.23) | ($1.47) | ($5.17) | ($2.42) | ($0.96) | |
Shares outstanding (diluted) | 89.8 | 67.4 | 60.7 | 52.4 | 45.3 | 42.9 | |
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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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