Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 16.7 | 13.3 | 0.0 |
Revenue growth | 26.0% | | |
Cost of goods sold | 69.7 | 84.8 | 102.6 |
Gross profit | -53.0 | -71.5 | -102.6 |
Gross margin | -316.4% | -538.5% | |
Sales and marketing | 23.6 | 18.6 | 24.1 |
Research and development | 159.1 | 90.9 | 50.7 |
General and administrative | 83.0 | 60.1 | 61.2 |
EBIT | -318.8 | -241.1 | -237.1 |
EBIT margin | -1903.8% | -1814.9% | |
Pre-tax income | -361.7 | -262.2 | -236.8 |
Income taxes | 0.1 | 0.0 | 0.0 |
Tax rate | | 0.0% | 0.0% |
Net income | -361.8 | -262.2 | 0.0 |
Net margin | -2160.8% | -1973.8% | |
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Diluted EPS | ($4.87) | ($21.46) | $0.00 |
Shares outstanding (diluted) | 74.3 | 12.2 | 10,791.7 |
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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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