Financial Summary (All financials)
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 |
Revenues | 61.1 | 20.9 | 6.2 | 2.8 | 0.1 | 0.1 | 3.3 | 4.0 |
Revenue growth | 192.0% | 236.1% | 125.8% | 3589.7% | -38.2% | -96.4% | -16.0% | 41.8% |
Cost of goods sold | 46.3 | 18.1 | 4.7 | 2.4 | 1.8 | 1.5 | 8.2 | 2.9 |
Gross profit | 14.8 | 2.8 | 1.5 | 0.4 | -1.7 | -1.3 | -4.9 | 1.1 |
Gross margin | 24.2% | 13.6% | 24.3% | 14.2% | -2285.5% | -1103.2% | -146.4% | 27.7% |
Selling, general and administrative | | | | | | | | 10.8 |
General and administrative | 88.4 | 48.9 | 16.8 | 8.7 | 11.1 | 7.3 | 1.4 | 2.6 |
EBITA | -84.0 | -53.5 | -15.8 | -9.7 | -11.6 | -20.2 | -7.2 | -10.9 |
EBITA margin | -137.4% | -255.4% | -254.1% | -352.3% | -15514.9% | -16699.8% | -217.4% | -276.6% |
Amortization of intangibles | | | | 0.1 | 0.0 | 0.0 | | 0.0 |
EBIT | -84.0 | -53.5 | -15.8 | -9.8 | -11.6 | -20.2 | -7.2 | -11.0 |
EBIT margin | -137.4% | -255.4% | -254.1% | -355.5% | -15528.7% | -16708.3% | -217.4% | -276.8% |
Pre-tax income | -91.3 | -55.1 | -17.8 | 9.6 | -3.4 | -75.4 | -7.7 | -8.2 |
Income taxes | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.4 |
Tax rate | | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
Net income | -91.6 | -55.1 | -17.8 | -9.6 | -26.9 | -79.6 | -9.2 | -9.6 |
Net margin | -149.8% | -263.2% | -286.4% | -349.7% | -35947.5% | -65862.1% | -275.6% | -242.2% |
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Diluted EPS | ($1.95) | ($1.32) | ($0.59) | ($0.37) | ($1.30) | ($25.95) | ($3.17) | ($0.12) |
Shares outstanding (diluted) | 46.9 | 41.9 | 30.0 | 26.2 | 20.7 | 3.1 | 2.9 | 79.0 |
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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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