Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 |
Revenues | 157 | 80 |
Revenue growth | 96.3% | |
Cost of goods sold | 70 | 143 |
Gross profit | 87 | -63 |
Gross margin | 55.4% | -78.8% |
Selling, general and administrative | 6,390 | 1,022 |
Research and development | 244 | 181 |
EBIT | -6,547 | -1,266 |
EBIT margin | -4170.1% | -1582.5% |
Pre-tax income | -6,560 | -1,157 |
Income taxes | 0 | 0 |
Tax rate | 0.0% | 0.0% |
Net income | -6,560 | -1,157 |
Net margin | -4178.3% | -1446.3% |
|
Diluted EPS | ($0.20) | ($0.04) |
Shares outstanding (diluted) | 32,015 | 31,623 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|