Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 208.1 | 79.7 | 53.5 | 53.5 |
Revenue growth | 161.0% | 49.1% | 0.0% | |
Cost of goods sold | 0.0 | 13.4 | 5.8 | 5.9 |
Gross profit | 208.1 | 66.3 | 47.7 | 47.6 |
Gross margin | 100.0% | 83.2% | 89.2% | 89.0% |
Selling, general and administrative | | 105.5 | 46.7 | 29.0 |
General and administrative | 15.9 | | | |
EBIT | -1.4 | -52.1 | -4.8 | 12.0 |
EBIT margin | -0.7% | -65.4% | -9.0% | 22.4% |
Pre-tax income | -97.3 | -47.3 | -1.9 | 15.3 |
Income taxes | 0.2 | 0.2 | 0.0 | 0.0 |
Tax rate | | | 0.0% | 0.0% |
Net income | -97.5 | -47.5 | -1.9 | 15.3 |
Net margin | -46.8% | -59.6% | -3.6% | 28.6% |
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Diluted EPS | ($1.72) | ($0.84) | ($0.03) | $0.27 |
Shares outstanding (diluted) | 56.6 | 56.6 | 56.6 | 56.6 |
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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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