Overview Financials News + Filings Key Docs Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
| | 10-K | 10-K | 10-K | 20-F |
| Revenues: |
| Customer 1 | 533.3 | 119.8 | 11.9 | |
| Customer 2 | 255.3 | 39.8 | 14.9 | |
| U.K. | 41.5 | 35.5 | 28.8 | |
| U.S. | 1,044.0 | 230.6 | 32.7 | |
| Total revenues | 1,109.7 | 320.8 | 79.3 | 0.0 |
| Revenue growth [+] | 245.9% | 304.7% | | |
| Customer 1 | 345.2% | 905.1% | | |
| Customer 2 | 542.0% | 166.2% | | |
| U.K. | 16.9% | 23.1% | | |
| U.S. | 352.7% | 605.5% | | |
| Rest of World | -55.8% | 208.2% | | |
| Cost of goods sold | 1,096.2 | 372.6 | 105.1 | 0.0 |
| Gross profit | 13.5 | -51.8 | -25.8 | 0.0 |
| Gross margin | 1.2% | -16.1% | -32.6% | |
| Selling, general and administrative | 227.9 | 187.2 | 90.7 | |
| Research and development | 79.2 | 68.5 | 80.5 | |
| Equity in earnings | | -3.3 | -1.1 | |
| Other operating expenses | | -3.9 | | |
| EBITDA [+] | -293.6 | -306.9 | -198.2 | |
| EBITDA growth | -4.3% | 54.8% | | |
| EBITDA margin | -26.5% | -95.6% | -250.0% | |
| Depreciation | 7.6 | 1.6 | 4.0 | |
| EBITA | -301.2 | -308.5 | -202.1 | 0.0 |
| EBITA margin | -27.1% | -96.1% | -255.0% | |
| Amortization of intangibles | 4.5 | 7.6 | | |
| EBIT [+] | -305.7 | -316.1 | -202.1 | 0.0 |
| EBIT growth | -3.3% | 56.4% | | |
| EBIT margin | -27.5% | -98.5% | -255.0% | |
| Non-recurring items [+] | 64.1 | | | |
| Asset impairment | 64.1 | | | |
| Loss (gain) on sale of assets | | -3.9 | | |
| Loss (gain) on sale of business | | 3.9 | | |
| Interest expense, net [+] | 31.7 | 12.7 | 3.4 | |
| Interest expense | 32.7 | 13.0 | 4.0 | |
| Interest income | 1.0 | 0.3 | 0.6 | |
| Other income (expense), net [+] | 179.9 | 243.9 | -2.8 | |
| Gain (loss) on foreign currency transactions | -10.4 | 0.8 | -2.8 | |
| Pre-tax income | -221.5 | -84.9 | -208.4 | 0.0 |
| Income taxes | -0.1 | -1.4 | 4.6 | 0.0 |
| Tax rate | 0.0% | 1.7% | | |
| Minority interest | | -6.0 | -1.2 | |
| Net income | -221.4 | -77.4 | -211.8 | 0.0 |
| Net margin | -20.0% | -24.1% | -267.2% | |
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| Basic EPS [+] | ($12.01) | ($6.93) | ($21.80) | |
| Growth | 73.3% | -68.2% | | |
| Diluted EPS [+] | ($12.01) | ($6.93) | ($21.80) | |
| Growth | 73.3% | -68.2% | | |
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| Shares outstanding (basic) [+] | 18.4 | 11.2 | 9.7 | |
| Growth | 65.1% | 14.9% | | |
| Shares outstanding (diluted) [+] | 18.4 | 11.2 | 9.7 | |
| Growth | 65.1% | 14.9% | | |
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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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