Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
Revenues | 1,049.5 | 637.4 | 485.5 | 145.9 | 87.7 |
Revenue growth | 64.7% | 31.3% | 232.8% | 66.4% | |
Cost of goods sold | 1,290.3 | 816.0 | 0.0 | 0.0 | 0.0 |
Gross profit | -240.8 | -178.6 | 485.5 | 145.9 | 87.7 |
Gross margin | -22.9% | -28.0% | 100.0% | 100.0% | 100.0% |
Sales and marketing | 5.1 | 2.2 | 1.5 | 0.8 | 1.9 |
General and administrative | | | 53.4 | 36.4 | 28.5 |
EBIT | -245.9 | -180.8 | -35.1 | -39.5 | -49.7 |
EBIT margin | -23.4% | -28.4% | -7.2% | -27.1% | -56.7% |
Pre-tax income | -1,559.7 | -204.3 | -41.1 | -35.0 | -43.8 |
Income taxes | -1.9 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | 0.0 | 0.0 | -41.1 | -35.0 | -43.8 |
Net margin | 0.0% | 0.0% | -8.5% | -24.0% | -49.9% |
|
Diluted EPS | $0.00 | | ($0.62) | ($0.74) | ($1.78) |
Shares outstanding (diluted) | 41.6 | | 65.8 | 47.6 | 24.6 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|