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 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues | 2.6 | 2.1 | 88.5 | 17.5 | 26.7 | 0.0 | 0.0 | 0.0 |
Revenue growth | 26.4% | -97.7% | 407.1% | -34.7% | | | | |
Cost of goods sold [+] | 0.0 | 0.0 | 2.6 | 2.8 | 0.6 | 0.0 | 0.0 | 0.0 |
Cost of product sales | | | 1.8 | 1.2 | 0.2 | | | |
Amortization of intangibles | | | 0.8 | 1.6 | 0.4 | | | |
Gross profit | 2.6 | 2.1 | 86.0 | 14.6 | 26.1 | 0.0 | 0.0 | 0.0 |
Gross margin | 100.0% | 100.0% | 97.1% | 83.9% | 97.8% | | | |
Selling, general and administrative [+] | 25.0 | 24.1 | 62.8 | 101.2 | 77.3 | 21.4 | 17.2 | 17.6 |
General and administrative | | | | | | | | 17.6 |
Research and development | 50.6 | 39.3 | 41.4 | 45.8 | 43.6 | 46.4 | 19.8 | 40.6 |
Other operating expenses | | | 31.2 | | | | | |
EBITDA [+] | -72.8 | -61.2 | -48.0 | -130.3 | -93.4 | -67.2 | -36.3 | -57.2 |
EBITDA growth | 19.0% | 27.4% | -63.1% | 39.6% | 38.8% | 85.1% | -36.5% | 7.5% |
EBITDA margin | -2805.0% | -2981.1% | -54.3% | -746.7% | -349.4% | | | |
Depreciation | 0.1 | 0.2 | 0.5 | 0.4 | 1.0 | 0.6 | 0.7 | 0.8 |
EBITA | -72.9 | -61.4 | -48.6 | -130.8 | -94.4 | -67.8 | -37.0 | -57.9 |
EBITA margin | -2809.6% | -2991.2% | -54.9% | -749.2% | -353.2% | | | |
Amortization of intangibles | | | 0.8 | 1.6 | 0.4 | | | 0.3 |
EBIT [+] | -72.9 | -61.4 | -49.4 | -132.3 | -94.8 | -67.8 | -37.0 | -58.2 |
EBIT growth | 18.8% | 24.4% | -62.7% | 39.6% | 39.8% | 83.2% | -36.4% | 8.6% |
EBIT margin | -2809.6% | -2991.2% | -55.8% | -758.1% | -354.8% | | | |
Interest expense, net [+] | 0.9 | 9.8 | 15.3 | 16.2 | 3.2 | 0.0 | -0.6 | -0.3 |
Interest expense | 2.1 | 10.0 | 15.8 | 20.6 | 5.8 | 0.6 | | |
Interest income | 1.2 | 0.2 | 0.5 | 4.4 | 2.6 | 0.6 | 0.6 | 0.3 |
Other income (expense), net [+] | 0.0 | | -2.9 | -0.6 | 25.6 | | | |
Gain (loss) on debt retirement | | | -1.6 | | | | | |
Other | 0.0 | | -1.3 | -0.6 | 25.6 | | | |
Pre-tax income | -73.8 | -71.2 | -67.5 | -149.2 | -72.4 | -67.8 | -36.4 | -57.9 |
Income taxes | 0.0 | 0.0 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | -73.8 | -71.2 | -67.7 | -149.2 | -72.4 | -67.8 | -36.4 | -57.9 |
Net margin | -2843.3% | -3468.1% | -76.5% | -854.8% | -271.1% | | | |
|
Basic EPS [+] | ($0.38) | ($0.41) | ($0.44) | ($2.00) | ($1.12) | ($1.76) | ($0.99) | ($1.61) |
Growth | -6.6% | -7.6% | -77.9% | 79.4% | -36.8% | 79.1% | -38.8% | -22.1% |
Diluted EPS [+] | ($0.38) | ($0.41) | ($0.44) | ($2.00) | ($1.04) | ($1.76) | ($0.99) | ($1.61) |
Growth | -6.6% | -7.6% | -77.9% | 91.5% | -40.8% | 79.1% | -38.8% | -22.1% |
|
Shares outstanding (basic) [+] | 193.7 | 174.4 | 153.3 | 74.6 | 65.0 | 38.4 | 37.0 | 35.9 |
Growth | 11.0% | 13.7% | 105.6% | 14.8% | 69.1% | 3.9% | 2.9% | 39.2% |
Shares outstanding (diluted) [+] | 193.7 | 174.4 | 153.3 | 74.6 | 69.3 | 38.4 | 37.0 | 35.9 |
Growth | 11.0% | 13.7% | 105.6% | 7.6% | 80.4% | 3.9% | 2.9% | 39.2% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |