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 | Dec-31-15 |
Revenues | 0.0 | 14.7 | 0.0 | 2.7 | 1.7 | 0.4 | 0.7 | 0.0 |
Revenue growth | -100.0% | 121897.9% | -99.6% | 62.5% | 305.5% | -39.1% | | |
Cost of goods sold | 0.0 | 0.0 | -8.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 0.0 | 14.7 | 8.2 | 2.7 | 1.7 | 0.4 | 0.7 | 0.0 |
Gross margin | | 100.0% | 68304.8% | 100.0% | 100.0% | 100.0% | 100.0% | |
Research and development | 3.4 | 5.4 | 3.6 | 5.4 | 8.1 | 10.3 | 8.4 | 2.7 |
General and administrative | 8.3 | 5.3 | 4.7 | 4.4 | 4.4 | 4.6 | 5.6 | 4.0 |
EBITA | -11.7 | -10.6 | -8.2 | -7.2 | -11.0 | -14.6 | -13.4 | -6.2 |
EBITA margin | | -72.4% | -67897.5% | -267.8% | -663.1% | -3572.5% | -1994.8% | |
Amortization of intangibles | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | | | |
EBIT | -11.7 | -10.7 | -8.2 | -7.2 | -11.0 | -14.6 | -13.4 | -6.2 |
EBIT margin | | -72.6% | -68104.8% | -268.7% | -663.5% | -3572.5% | -1994.8% | |
Pre-tax income | -13.7 | -14.0 | -6.8 | -7.0 | -10.7 | -14.6 | -13.3 | -8.4 |
Income taxes | -0.1 | -0.2 | 0.0 | 0.1 | 0.1 | -1.3 | 0.0 | 0.0 |
Tax rate | 0.8% | 1.4% | | | | 9.2% | 0.0% | 0.0% |
Net income | -13.6 | -13.8 | -6.9 | -7.1 | -10.8 | -13.2 | -13.3 | -16.6 |
Net margin | | -93.6% | -56901.7% | -264.2% | -654.2% | -3243.5% | -1993.8% | |
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Diluted EPS | ($18.55) | ($57.12) | ($1.49) | ($2.23) | ($4.57) | ($0.93) | ($1.51) | ($2.70) |
Shares outstanding (diluted) | 0.7 | 0.2 | 4.6 | 3.2 | 2.4 | 14.3 | 8.8 | 6.2 |
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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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