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-05-18 | Dec-31-17 | Dec-31-16 |
Revenues | 5.0 | -0.9 | 1.4 | 0.4 | 0.8 | 0.8 | 10.0 | 6.4 |
Revenue growth | -689.6% | -161.2% | 269.8% | -50.7% | -92.4% | | 56.5% | 4482.7% |
Cost of goods sold | 37.7 | 132.5 | 13.1 | 5.8 | 8.0 | 16.0 | 24.4 | 13.6 |
Gross profit | -32.6 | -133.3 | -11.7 | -5.5 | -7.2 | -15.2 | -14.4 | -7.2 |
Gross margin | -650.0% | 15652.1% | -838.4% | -1452.2% | -945.8% | -1990.4% | -143.1% | -111.7% |
Selling, general and administrative | 73.2 | 40.2 | 20.2 | 10.2 | 11.5 | 11.5 | 8.8 | 6.2 |
Research and development | 23.2 | 11.6 | 9.1 | 8.2 | 7.4 | 7.4 | 17.7 | 6.1 |
EBIT | -129.1 | -185.1 | -41.0 | -23.9 | -34.1 | -34.1 | -41.0 | -19.5 |
EBIT margin | -2569.8% | 21729.1% | -2943.0% | -6338.1% | -4463.9% | -4463.9% | -408.8% | -304.2% |
Pre-tax income | -117.3 | -423.2 | 91.6 | -37.2 | -36.5 | -36.5 | -41.2 | -19.6 |
Income taxes | 0.0 | -21.8 | 21.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 5.2% | 23.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | -117.3 | -401.3 | 69.8 | -37.2 | -36.5 | -36.5 | -41.2 | -19.6 |
Net margin | -2334.7% | 47110.5% | 5010.8% | -9869.0% | -4783.0% | -4783.0% | -410.6% | -304.9% |
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Diluted EPS | ($0.74) | ($3.12) | $0.70 | ($0.58) | ($0.72) | | ($1.06) | ($0.78) |
Shares outstanding (diluted) | 158.6 | 128.7 | 99.9 | 64.3 | 50.4 | | 38.8 | 25.2 |
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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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