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BICYCLE THERAPEUTICS plc (BCYC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17
   10-K10-K10-K10-K10-K10-K
Revenues  14.511.710.413.87.12.1
            Revenue growth  23.6%12.6%-24.7%93.4%246.4% 
Cost of goods sold  0.00.00.00.00.00.0
Gross profit  14.511.710.413.87.12.1
            Gross margin  100.0%100.0%100.0%100.0%100.0%100.0%
Selling, general and administrative   [+]49.532.429.214.68.16.4
Research and development  81.644.933.125.520.811.9
EBITDA   [+]-113.0-64.2-50.7-25.3-21.0-15.9
            EBITDA margin  -781.1%-548.9%-487.8%-183.6%-294.8%-770.9%
Depreciation and amortization  3.71.41.31.00.70.3
EBIT   [+]-116.7-65.6-52.0-26.3-21.7-16.2
            EBIT margin  -806.6%-561.0%-500.1%-190.6%-304.7%-787.0%
Interest expense, net   [+]3.33.00.5-0.8-0.2-0.1
Other income (expense), net  5.80.10.7-5.4-0.7-0.1
Pre-tax income  -114.2-68.5-51.7-30.9-22.2-16.3
Income taxes  -1.5-1.7-0.7-0.3-0.40.0
            Tax rate  1.3%2.4%1.4%0.8%1.8%0.1%
Net income  -112.7-66.8-51.0-30.6-21.8-16.3
            Net margin  -779.3%-571.2%-491.0%-221.8%-306.1%-789.3%
   
Basic EPS   [+]($3.80)($2.67)($2.66)($2.77)($49.78)($48.81)
Diluted EPS   [+]($3.80)($2.67)($2.66)($2.77)($49.78)($48.81)
   
Shares outstanding (basic)   [+]29.725.119.111.00.40.3
Shares outstanding (diluted)   [+]29.725.119.111.00.40.3
   
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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