Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-20 |
Revenues | 3.0 | 0.0 |
Cost of goods sold | 0.7 | 0.0 |
Gross profit | 2.3 | 0.0 |
Gross margin | 75.4% | |
Selling, general and administrative | | 0.0 |
General and administrative | 70.8 | 0.0 |
EBIT | -37.4 | -0.2 |
EBIT margin | -1232.2% | |
Pre-tax income | -37.2 | -0.1 |
Income taxes | 1.8 | 0.0 |
Tax rate | | 0.0% |
Net income | -39.1 | -0.1 |
Net margin | -1285.9% | |
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Diluted EPS | ($0.16) | |
Shares outstanding (diluted) | 248.2 | |
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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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