Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 |
Revenues | 0.5 | 0.1 |
Revenue growth | 325.8% | |
Cost of goods sold | 5.0 | 0.0 |
Gross profit | -4.5 | 0.1 |
Gross margin | -883.0% | 100.0% |
Selling, general and administrative | 27.2 | 10.3 |
Research and development | 3.0 | 4.9 |
EBIT | -40.1 | -15.4 |
EBIT margin | -7848.1% | -12859.2% |
Pre-tax income | -95.3 | -38.5 |
Income taxes | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% |
Net income | -95.3 | -38.5 |
Net margin | -18640.9% | -32073.3% |
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Diluted EPS | ($8.40) | ($6.61) |
Shares outstanding (diluted) | 11.3 | 5.8 |
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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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