Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 |
Revenues | 398.4 | 695.3 |
Revenue growth | -42.7% | |
Cost of goods sold | 285.3 | 565.9 |
Gross profit | 113.1 | 129.4 |
Gross margin | 28.4% | 18.6% |
General and administrative | 694.1 | 20,718.4 |
EBIT | -580.9 | -20,589.0 |
EBIT margin | -145.8% | -2961.1% |
Pre-tax income | -334.0 | -20,659.7 |
Income taxes | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% |
Net income | -334.0 | -20,659.7 |
Net margin | -83.8% | -2971.2% |
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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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