In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-05-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 |
| 10-K | 10-K | 10-K | 10-K | 8-K | 10-K | 8-K | 10-K |
Revenues | 0.0 | 0.0 | 0.0 | 0.0 | 8.1 | 0.0 | 10.3 | 0.0 |
Revenue growth | | -100.0% | | | -21.7% | | | |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 14.2 | 0.0 | 16.1 | 0.0 |
Gross profit | 0.0 | 0.0 | 0.0 | 0.0 | -6.1 | 0.0 | -5.8 | 0.0 |
Gross margin | | | 100.0% | | -75.2% | | -56.4% | |
Selling, general and administrative [+] | 35.1 | 22.9 | 8.0 | 6.1 | 6.1 | 5.8 | 5.8 | 9.4 |
General and administrative | 35.1 | 22.9 | 8.0 | 6.1 | 6.1 | 5.8 | 5.8 | 9.4 |
Research and development | 49.8 | 35.1 | 6.4 | 8.1 | | 10.3 | | 15.6 |
Other operating expenses | | | | | 2.0 | | 4.5 | |
EBITDA [+] | -84.4 | -57.8 | -14.2 | -14.1 | | -16.1 | | -23.4 |
EBITDA growth | 46.0% | 307.5% | 0.6% | -12.4% | -12.3% | -31.3% | | -17.6% |
EBITDA margin | | | -32983.7% | | -175.2% | | -156.4% | |
Depreciation and amortization | 0.5 | 0.2 | 0.1 | 0.1 | | 0.0 | | 1.5 |
EBIT [+] | -84.9 | -58.0 | -14.3 | -14.2 | -14.2 | -16.1 | -16.1 | -25.0 |
EBIT growth | 46.3% | 306.2% | 0.9% | -12.3% | -12.3% | -35.3% | | -17.1% |
EBIT margin | | | -33220.9% | | -175.2% | | -156.4% | |
Non-recurring items [+] | | | 7.0 | | | | | |
In-process research & development | | | 7.0 | | | | | |
Interest expense, net [+] | | | 0.7 | 1.8 | 1.8 | 3.7 | 3.8 | -0.1 |
Interest expense | | | 0.7 | 1.8 | 1.8 | 3.8 | 3.8 | |
Interest income | | | | | | 0.0 | | 0.1 |
Other income (expense), net [+] | 3.5 | -0.4 | 0.2 | -4.3 | -4.3 | 1.7 | 1.7 | -1.6 |
Change in fair value of warrants | | | | | | | | -1.5 |
Other | | | 0.2 | -0.8 | 0.8 | 0.0 | 0.0 | -0.1 |
Pre-tax income | -81.4 | -58.4 | -21.8 | -20.2 | -20.2 | -18.2 | -18.2 | -26.4 |
Income taxes | 0.0 | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | -81.4 | -58.4 | -34.4 | -20.2 | -20.2 | -18.2 | -18.2 | -22.5 |
Net margin | | | -79925.6% | | -250.4% | | -176.5% | |
|
Basic EPS [+] | ($0.38) | ($0.30) | ($0.31) | ($1.46) | ($1.46) | ($3.67) | ($3.67) | ($0.99) |
Growth | 26.7% | -2.3% | -79.0% | -60.3% | -60.3% | 269.7% | | -54.9% |
Diluted EPS [+] | ($0.38) | ($0.30) | ($0.31) | ($1.46) | ($1.46) | ($3.67) | ($3.67) | ($0.99) |
Growth | 26.7% | -2.3% | -79.0% | -60.3% | -60.3% | 269.7% | | -54.5% |
|
Shares outstanding (basic) [+] | 214.6 | 195.0 | 112.2 | 13.9 | 13.9 | 5.0 | 5.0 | 22.7 |
Growth | 10.0% | 73.8% | 707.8% | 180.1% | 180.1% | -78.1% | | 59.0% |
Shares outstanding (diluted) [+] | 214.6 | 195.0 | 112.2 | 13.9 | 13.9 | 5.0 | 5.0 | 22.7 |
Growth | 10.0% | 73.8% | 707.8% | 180.1% | 180.1% | -78.1% | | 57.5% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |