Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 488.5 | 64.9 | 43.4 | 0.0 | 0.0 | 0.0 |
Revenue growth | 653.1% | 49.5% | | | | |
Cost of goods sold | 5.7 | 2.7 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 482.9 | 62.2 | 43.4 | 0.0 | 0.0 | 0.0 |
Gross margin | 98.8% | 95.8% | 100.0% | | | |
Selling, general and administrative | 181.7 | 153.6 | 37.0 | 15.1 | | |
Research and development | 292.9 | 130.3 | 126.9 | 68.5 | 50.9 | 29.0 |
General and administrative | | | | | 10.6 | 1.0 |
EBITA | 43.9 | -227.9 | -120.4 | -83.4 | -61.3 | -30.0 |
EBITA margin | 9.0% | -351.4% | -277.3% | | | |
Amortization of intangibles | 5.9 | 2.9 | 0.1 | 0.1 | 0.1 | |
EBIT | 38.1 | -230.8 | -120.5 | -83.5 | -61.4 | -30.0 |
EBIT margin | 7.8% | -355.8% | -277.6% | | | |
Pre-tax income | 43.0 | -225.4 | -120.3 | -83.2 | -61.4 | -30.0 |
Income taxes | 2.2 | 0.4 | 1.3 | 0.0 | 0.0 | 0.0 |
Tax rate | 5.1% | | | 0.0% | 0.0% | 0.0% |
Net income | 40.8 | -225.8 | -121.6 | -83.2 | -61.4 | -30.0 |
Net margin | 8.3% | -348.1% | -280.1% | | | |
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Diluted EPS | $0.43 | ($2.78) | ($4.02) | ($1.44) | ($2.13) | |
Shares outstanding (diluted) | 95.4 | 81.4 | 30.3 | 57.8 | 28.9 | |
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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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