| 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 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | S-1/A |
| Revenues: |
| Proprietary product sales, net | 7.7 | 8.5 | 5.6 | | | | |
| Sunovion | | | 11.9 | | | | |
| Indivior | | | 26.1 | | | | |
| Other | 40.0 | 42.3 | 2.1 | | | | |
| Total revenues | 47.7 | 50.8 | 45.8 | 52.6 | 67.4 | 66.9 | 67.1 |
| Revenue growth [+] | -6.2% | 10.9% | -12.8% | -22.0% | 0.8% | -0.3% | |
| Proprietary product sales, net | -10.0% | 50.6% | | | | | |
| United States | -6.9% | 4.6% | -15.2% | -25.2% | 1.3% | | |
| Cost of goods sold | 0.0 | 0.0 | 0.0 | 20.4 | 0.0 | 0.0 | 31.8 |
| Gross profit | 47.7 | 50.8 | 45.8 | 32.2 | 67.4 | 66.9 | 35.3 |
| Gross margin | 100.0% | 100.0% | 100.0% | 61.3% | 100.0% | 100.0% | 52.6% |
| Selling, general and administrative | 52.9 | 53.5 | 55.9 | 64.3 | 72.3 | 25.1 | 20.8 |
| Research and development | 17.5 | 17.0 | 19.9 | 20.6 | 23.1 | 22.1 | |
| Other operating expenses | 19.4 | 15.0 | 13.0 | | 21.0 | 19.8 | 15.4 |
| EBITDA [+] | -39.7 | -31.7 | -39.5 | -49.8 | -45.7 | 3.7 | 3.0 |
| EBITDA growth | 25.1% | -19.6% | -20.7% | 8.9% | -1339.1% | 21.2% | |
| EBITDA margin | -83.2% | -62.4% | -86.0% | -94.6% | -67.8% | 5.5% | 4.5% |
| Depreciation | 2.3 | 2.9 | 3.4 | 2.9 | 3.2 | 3.8 | 3.8 |
| EBITA | -42.0 | -34.6 | -42.8 | -52.6 | -48.9 | -0.1 | -0.8 |
| EBITA margin | -88.0% | -68.1% | -93.4% | -100.0% | -72.5% | -0.1% | -1.2% |
| Amortization of intangibles | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| EBIT [+] | -42.1 | -34.7 | -42.9 | -52.7 | -48.9 | -0.1 | -0.8 |
| EBIT growth | 21.3% | -19.1% | -18.6% | 7.6% | 43204.4% | -86.7% | |
| EBIT margin | -88.2% | -68.2% | -93.6% | -100.1% | -72.6% | -0.2% | -1.3% |
| Interest expense, net [+] | 6.6 | 10.0 | 11.1 | 8.7 | 7.7 | 7.7 | |
| Interest expense | 6.6 | 10.0 | 11.1 | 9.3 | 7.7 | 7.7 | |
| Interest income | | | | 0.6 | | | |
| Other income (expense), net [+] | -5.8 | -25.8 | -1.8 | -4.9 | -4.7 | -1.1 | -8.8 |
| Gain (loss) on debt retirement | | -13.8 | | -4.9 | | | -0.8 |
| Change in fair value of warrants | | | | | -5.3 | -1.1 | |
| Pre-tax income | -54.4 | -70.5 | -55.8 | -66.2 | -61.4 | -8.9 | -9.6 |
| Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | -54.4 | -70.5 | -55.8 | -66.2 | -61.4 | -11.4 | -9.6 |
| Net margin | -114.1% | -138.8% | -121.7% | -125.9% | -91.0% | -17.1% | -14.3% |
| |
| Basic EPS [+] | ($1.12) | ($1.85) | ($1.66) | ($2.61) | ($2.96) | | |
| Growth | -39.7% | 11.8% | -36.6% | -11.8% | | | |
| Diluted EPS [+] | ($1.12) | ($1.85) | ($1.66) | ($2.61) | ($2.96) | | |
| Growth | -39.7% | 11.8% | -36.6% | -11.8% | | | |
| |
| Shares outstanding (basic) [+] | 48.7 | 38.1 | 33.7 | 25.4 | 20.7 | | |
| Growth | 28.0% | 13.2% | 32.7% | 22.3% | | | |
| Shares outstanding (diluted) [+] | 48.7 | 38.1 | 33.7 | 25.4 | 20.7 | | |
| Growth | 28.0% | 13.2% | 32.7% | 22.3% | | | |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |