Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 0.0 | 0.1 | 0.6 | 0.0 |
Revenue growth | -100.0% | -88.2% | | |
Cost of goods sold | 4.2 | 37.3 | 18.3 | -14.2 |
Gross profit | -4.2 | -37.3 | -17.7 | 14.2 |
Gross margin | | -56471.2% | -3176.8% | |
Research and development | 47.6 | 71.4 | 20.6 | 10.7 |
General and administrative | 28.4 | 51.8 | 12.2 | 3.0 |
EBIT | -76.0 | -125.1 | -32.3 | -13.7 |
EBIT margin | | -189507.6% | -5795.7% | |
Pre-tax income | -75.2 | -137.2 | -40.0 | -14.2 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.1 |
Tax rate | 0.0% | 0.0% | 0.0% | |
Net income | -75.2 | -137.2 | -40.0 | -14.2 |
Net margin | | -207840.9% | -7173.6% | |
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Diluted EPS | ($0.60) | ($1.79) | ($0.61) | ($0.42) |
Shares outstanding (diluted) | 125.9 | 76.6 | 65.6 | 33.9 |
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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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