Financial Summary (All financials)
In millions, except per share items | Dec-31-18 | Dec-31-17 |
Revenues | 11.5 | 0.0 |
Cost of goods sold | 1.2 | 0.0 |
Gross profit | 10.4 | 0.0 |
Gross margin | 89.8% | |
Selling, general and administrative | 61.9 | 13.5 |
Research and development | 18.3 | 15.7 |
EBIT | -71.1 | -29.2 |
EBIT margin | -616.0% | |
Pre-tax income | -72.3 | -30.0 |
Income taxes | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% |
Net income | -72.3 | -30.0 |
Net margin | -626.6% | |
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Diluted EPS | ($2.60) | ($1.40) |
Shares outstanding (diluted) | 27.8 | 21.4 |
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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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