Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 |
Revenues | 0.3 | 0.5 |
Revenue growth | -40.0% | |
Cost of goods sold | 0.4 | 0.4 |
Gross profit | -0.1 | 0.2 |
Gross margin | -36.5% | 34.0% |
Selling, general and administrative | 61.7 | 42.7 |
Research and development | 28.9 | 18.2 |
EBIT | -90.7 | -60.7 |
EBIT margin | -28073.4% | -11286.1% |
Pre-tax income | -7.9 | -61.3 |
Income taxes | 0.0 | 0.0 |
Tax rate | | 0.0% |
Net income | -19.0 | -126.7 |
Net margin | -5894.4% | -23542.2% |
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Diluted EPS | ($0.64) | ($91.88) |
Shares outstanding (diluted) | 29.9 | 1.4 |
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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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