Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 28.9 | 5.0 | 9.5 | 9.7 | 5.3 | 6.5 | 3.8 | 2.4 |
Revenue growth | 474.8% | -47.0% | -1.8% | 81.5% | -17.9% | 72.1% | 57.1% | |
Cost of goods sold | 13.1 | -0.8 | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 15.7 | 5.8 | 9.6 | 9.7 | 5.3 | 6.5 | 3.8 | 2.4 |
Gross margin | 54.5% | 115.2% | 100.7% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 51.6 | 55.3 | 62.5 | 41.7 | 29.5 | | | |
Research and development | 12.6 | 15.1 | 26.4 | 82.3 | 49.6 | 48.0 | 23.6 | 9.4 |
General and administrative | | | | | | 13.5 | 7.9 | 3.7 |
EBIT | -48.5 | -66.1 | -79.5 | -114.4 | -73.8 | -55.0 | -27.8 | -10.7 |
EBIT margin | -167.9% | -1315.4% | -838.4% | -1184.5% | -1386.9% | -849.2% | -736.9% | -446.0% |
Pre-tax income | -49.0 | -69.3 | -82.7 | -114.7 | -73.0 | -55.6 | -47.4 | -14.1 |
Income taxes | 0.5 | 0.1 | 0.1 | 0.0 | 1.4 | -0.7 | -0.4 | 0.1 |
Tax rate | | | | | | 1.2% | 0.9% | |
Net income | -49.5 | -69.5 | -82.8 | -114.8 | -74.4 | -54.9 | -47.0 | -14.2 |
Net margin | -171.1% | -1382.2% | -872.9% | -1188.7% | -1397.9% | -846.8% | -1246.7% | -593.1% |
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Diluted EPS | ($1.14) | ($5.41) | ($11.15) | ($22.60) | ($2.49) | ($2.56) | ($4.44) | ($43.80) |
Shares outstanding (diluted) | 43.3 | 12.8 | 7.4 | 5.1 | 29.8 | 21.5 | 10.6 | 0.3 |
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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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