Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
Revenues | 92.5 | 74.0 | 14.0 | 13.5 | 27.8 | 18.1 | 14.6 | 57.2 |
Revenue growth | 25.0% | 428.9% | 3.8% | -51.5% | 53.5% | 23.7% | -74.4% | 275.2% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 5.0 | 0.0 |
Gross profit | 92.5 | 74.0 | 14.0 | 13.5 | 27.8 | 18.1 | 9.6 | 57.2 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 65.8% | 100.0% |
Selling, general and administrative | 85.9 | 56.5 | 34.5 | 33.7 | | | | |
Research and development | 173.9 | 154.0 | 103.9 | 89.7 | 68.6 | 58.4 | 50.9 | 36.1 |
General and administrative | | | | | 25.3 | 20.6 | 14.2 | 14.2 |
EBIT | -165.4 | -136.1 | -124.4 | -110.0 | -73.4 | -57.4 | -60.5 | 7.0 |
EBIT margin | -178.8% | -183.9% | -889.2% | -815.8% | -264.3% | -317.1% | -413.2% | 12.1% |
Pre-tax income | -166.0 | -124.9 | -118.9 | -108.4 | -57.0 | -63.9 | -51.3 | -21.9 |
Income taxes | 0.0 | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | | 0.0% | 0.0% | | | 0.0% | 0.0% | 0.0% |
Net income | -166.0 | -124.9 | -118.9 | -108.5 | -57.0 | -63.9 | -51.3 | -39.0 |
Net margin | -179.4% | -168.7% | -849.6% | -804.5% | -205.3% | -353.1% | -350.3% | -68.2% |
|
Diluted EPS | ($2.92) | ($2.38) | ($2.59) | ($2.68) | ($1.52) | ($1.92) | ($1.63) | ($4.15) |
Shares outstanding (diluted) | 56.8 | 52.5 | 45.9 | 40.4 | 37.4 | 33.3 | 31.5 | 9.4 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|