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 | 45.8 | 32.2 | 18.1 | 15.1 | 66.8 | 174.6 | 47.5 | 41.1 |
Revenue growth | 42.2% | 77.9% | 20.0% | -77.4% | -61.7% | 267.8% | 15.5% | -61.2% |
Cost of goods sold | 10.4 | 6.8 | 3.5 | 6.7 | 62.5 | 163.3 | 40.6 | 43.4 |
Gross profit | 35.4 | 25.4 | 14.7 | 8.4 | 4.3 | 11.3 | 6.9 | -2.2 |
Gross margin | 77.3% | 78.8% | 80.9% | 55.5% | 6.4% | 6.5% | 14.5% | -5.5% |
Sales and marketing | 19.6 | 14.0 | 8.3 | 10.8 | 10.5 | 20.1 | 13.9 | 30.5 |
Research and development | 16.2 | 10.7 | 11.3 | 22.8 | 21.9 | 17.4 | 7.5 | 32.4 |
General and administrative | 14.8 | 20.1 | 22.2 | 10.1 | 48.1 | 51.5 | 39.4 | 46.8 |
EBIT | -26.6 | -91.7 | -27.2 | -55.6 | -78.7 | 91.4 | 48.8 | -110.8 |
EBIT margin | -58.1% | -284.7% | -150.0% | -368.5% | -117.8% | 52.3% | 102.8% | -269.5% |
Pre-tax income | -67.4 | -45.4 | -16.9 | -29.0 | -58.4 | -42.8 | -52.8 | -214.6 |
Income taxes | 2.3 | 1.0 | 0.1 | -1.9 | -9.0 | -4.5 | -2.5 | -3.1 |
Tax rate | | | | 6.7% | 15.4% | 10.5% | 4.7% | 1.5% |
Earnings from continuing ops | -75.2 | -206.2 | -13.9 | 18.0 | -131.7 | 8.8 | -63.1 | -444.8 |
Earnings from discontinued ops | | 112.8 | -5.3 | -69.1 | 134.4 | -119.3 | -122.2 | 1.5 |
Net income | -75.2 | -93.4 | -19.2 | -51.1 | 2.7 | -110.4 | -185.4 | -443.3 |
Net margin | -164.3% | -289.9% | -106.2% | -338.7% | 4.0% | -63.2% | -390.4% | -1078.3% |
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Diluted EPS | ($0.07) | ($0.19) | ($0.01) | $0.02 | ($0.12) | $0.00 | ($0.06) | ($0.43) |
Shares outstanding (diluted) | 1,133.9 | 1,099.5 | 1,063.7 | 1,049.0 | 1,095.8 | 2,058.3 | 1,027.2 | 1,027.2 |
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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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