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 | 290.0 | 214.2 | 169.7 | 220.7 | 226.2 | 161.9 | 114.3 | 157.7 |
Revenue growth | 35.4% | 26.2% | -23.1% | -2.4% | 39.7% | 41.7% | -27.6% | -10.2% |
Cost of goods sold | 13.9 | 11.1 | 27.1 | 116.1 | 102.9 | 99.0 | 99.8 | 103.8 |
Gross profit | 276.1 | 203.1 | 142.7 | 104.6 | 123.3 | 62.9 | 14.5 | 53.9 |
Gross margin | 95.2% | 94.8% | 84.1% | 47.4% | 54.5% | 38.9% | 12.7% | 34.2% |
Selling, general and administrative | 1.4 | 0.4 | 0.0 | | | | | |
General and administrative | | | 0.0 | 28.6 | 29.5 | 26.3 | 25.5 | 25.3 |
EBIT | 91.3 | 51.4 | -157.2 | 37.8 | 39.7 | -47.3 | -150.2 | -52.3 |
EBIT margin | 31.5% | 24.0% | -92.6% | 17.1% | 17.6% | -29.2% | -131.5% | -33.2% |
Pre-tax income | 119.1 | 57.4 | -134.2 | -10.5 | 16.6 | -511.7 | -164.2 | -64.7 |
Income taxes | 0.0 | 0.0 | 0.0 | 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% | 0.0% |
Net income | 119.1 | 57.4 | -134.2 | -16.3 | 10.8 | -517.5 | -170.0 | -70.5 |
Net margin | 41.1% | 26.8% | -79.1% | -7.4% | 4.8% | -319.6% | -148.8% | -44.7% |
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Diluted EPS | $1.43 | $0.68 | ($1.56) | ($0.17) | $0.10 | ($5.41) | ($2.11) | ($0.89) |
Shares outstanding (diluted) | 83.3 | 84.9 | 86.1 | 95.2 | 104.7 | 95.7 | 80.4 | 79.5 |
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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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