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 | Dec-31-17 | Dec-31-16 | Feb-25-12 |
Revenues | 43.0 | 27.3 | 1.8 | 4.6 | 3.7 | 1.9 | 1.9 | 0.0 |
Revenue growth | 57.7% | 1393.2% | -60.6% | 24.7% | 99.5% | 0.3% | | -100.0% |
Cost of goods sold | 1.7 | 0.7 | 0.3 | 0.5 | 0.3 | 0.5 | 1.2 | 0.0 |
Gross profit | 41.3 | 26.5 | 1.6 | 4.1 | 3.4 | 1.4 | 0.6 | 0.0 |
Gross margin | 96.1% | 97.3% | 86.1% | 89.0% | 91.4% | 74.9% | 34.4% | |
Selling, general and administrative | | | | | | | | 0.0 |
General and administrative | 5.8 | 5.1 | 5.2 | 5.7 | 5.5 | 5.4 | 6.9 | 0.0 |
EBITA | -8.7 | -9.3 | 9.4 | -12.2 | -7.8 | -1.8 | -7.2 | 0.0 |
EBITA margin | -20.2% | -34.2% | 512.4% | -262.5% | -210.3% | -97.8% | -386.0% | |
Amortization of intangibles | 0.7 | 0.7 | 0.7 | 0.7 | | | | |
EBIT | -9.4 | -10.1 | 8.6 | -12.9 | -7.8 | -1.8 | -7.2 | 0.0 |
EBIT margin | -21.9% | -36.9% | 471.9% | -278.4% | -210.3% | -97.8% | -386.0% | |
Pre-tax income | -20.4 | -20.5 | 4.6 | -5.2 | -7.6 | -5.0 | -7.2 | 0.0 |
Income taxes | 0.3 | 0.3 | 0.3 | 0.1 | 0.3 | -3.0 | 0.2 | 0.0 |
Tax rate | | | 6.6% | | | 59.8% | | |
Net income | -20.7 | -20.8 | 4.3 | -5.3 | -7.9 | -2.0 | -7.4 | 0.0 |
Net margin | -48.1% | -76.3% | 237.3% | -114.3% | -212.4% | -108.5% | -400.6% | |
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Diluted EPS | ($0.56) | ($0.62) | $0.00 | ($0.17) | ($0.25) | ($0.07) | ($0.29) | |
Shares outstanding (diluted) | 37.2 | 33.3 | 32,860.0 | 31.9 | 31.6 | 30.5 | 25.4 | |
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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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