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 | 160.3 | 130.2 | 46.9 | 16.5 | 17.1 | 110.4 | 0.0 | 73.6 |
Revenue growth | 23.1% | 177.4% | 183.6% | -3.3% | -84.5% | 380575.9% | -100.0% | 1595.4% |
Cost of goods sold | 23.1 | 21.5 | 8.7 | 3.5 | 121.2 | 97.2 | 109.5 | 70.1 |
Gross profit | 137.2 | 108.6 | 38.3 | 13.1 | -104.1 | 13.2 | -109.5 | 3.6 |
Gross margin | 85.6% | 83.5% | 81.6% | 78.9% | -608.1% | 12.0% | -377537.9% | 4.8% |
Selling, general and administrative | 145.6 | 119.4 | 89.9 | 89.1 | 63.7 | | | |
Research and development | 37.8 | 30.4 | 23.9 | 39.6 | 57.5 | 60.1 | 83.5 | 50.8 |
General and administrative | | | | | | 37.0 | 26.4 | 20.0 |
EBITA | -46.2 | -41.1 | -75.5 | -115.6 | -104.0 | -84.4 | -109.5 | -70.2 |
EBITA margin | -28.8% | -31.6% | -160.9% | -698.9% | -607.9% | -76.5% | -377693.1% | -95.3% |
Amortization of intangibles | | | | | | | 0.3 | 0.6 |
EBIT | -46.2 | -41.1 | -75.5 | -115.6 | -104.0 | -84.4 | -109.8 | -70.8 |
EBIT margin | -28.8% | -31.6% | -160.9% | -698.9% | -607.9% | -76.5% | -378727.6% | -96.1% |
Pre-tax income | -63.5 | -58.5 | -96.5 | -128.5 | -111.9 | -88.3 | -111.6 | -70.9 |
Income taxes | 0.1 | 0.6 | 0.0 | 0.3 | 0.5 | 0.8 | 0.0 | 0.0 |
Tax rate | | | 0.0% | | | | 0.0% | 0.0% |
Net income | -63.6 | -59.1 | -96.5 | -128.8 | -112.4 | -89.1 | -111.6 | -70.9 |
Net margin | -39.7% | -45.4% | -205.7% | -778.5% | -656.4% | -80.7% | -384951.7% | -96.3% |
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Diluted EPS | ($1.17) | ($1.22) | ($2.19) | ($3.93) | ($3.57) | ($3.32) | ($5.51) | ($4.29) |
Shares outstanding (diluted) | 54.4 | 48.4 | 44.2 | 32.8 | 31.5 | 26.8 | 20.3 | 16.5 |
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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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