Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
Revenues | 6.0 | 4.2 | 0.0 |
Revenue growth | 41.6% | | |
Cost of goods sold | 3.3 | 72.9 | 22.4 |
Gross profit | 2.7 | -68.6 | -22.4 |
Gross margin | 45.4% | -1616.1% | |
Selling, general and administrative | 37.2 | 36.6 | 8.0 |
Research and development | 13.1 | 9.6 | 5.9 |
EBIT | -90.9 | -68.6 | -22.4 |
EBIT margin | -1511.4% | -1616.1% | |
Pre-tax income | -32.1 | -96.5 | -21.4 |
Income taxes | 4.6 | -0.2 | 0.1 |
Tax rate | | 0.2% | |
Net income | -36.6 | -96.3 | -21.5 |
Net margin | -609.5% | -2267.6% | |
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Diluted EPS | ($0.44) | ($5.78) | ($1.34) |
Shares outstanding (diluted) | 83.8 | 16.7 | 16.0 |
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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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