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 | 0.0 | 0.0 | 5.0 | 6.7 | 0.0 | 0.0 | 0.0 |
Revenue growth | | | -100.0% | -25.6% | | | | |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 5.0 | 6.7 | 0.0 | 0.0 | 0.0 |
Gross profit | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross margin | | | | 0.0% | 0.0% | | | |
Selling, general and administrative | 80.0 | 32.9 | 6.4 | | | | | |
Research and development | | | | | | 7.6 | 9.2 | 9.1 |
General and administrative | | | | 3.4 | 3.7 | 4.3 | 5.8 | 5.1 |
EBITA | -81.3 | -32.3 | -6.6 | -5.0 | -6.7 | -11.9 | -15.0 | -14.2 |
EBITA margin | | | | -100.0% | -100.0% | | | |
Amortization of intangibles | 0.5 | 0.2 | | | | | | |
EBIT | -81.8 | -32.5 | -6.6 | -5.0 | -6.7 | -11.9 | -15.0 | -14.2 |
EBIT margin | | | | -100.0% | -100.0% | | | |
Pre-tax income | -76.2 | -32.4 | -6.3 | -4.6 | -6.6 | -11.9 | -14.9 | -14.1 |
Income taxes | 0.0 | 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% | 0.0% |
Net income | -76.2 | -32.4 | -6.3 | -4.6 | -6.6 | -11.9 | -14.9 | -14.1 |
Net margin | | | | -93.4% | -98.4% | | | |
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Diluted EPS | ($1.90) | ($0.82) | ($0.24) | ($0.27) | ($0.61) | ($1.82) | ($2.28) | ($0.31) |
Shares outstanding (diluted) | 40.2 | 39.4 | 26.1 | 17.4 | 10.7 | 6.5 | 6.5 | 45.4 |
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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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