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 | 94.6 | 70.4 | 55.8 | 26.9 | 31.5 | 13.4 | 106.4 | 28.7 |
Revenue growth | 34.3% | 26.2% | 107.8% | -14.7% | 135.6% | -87.4% | 271.3% | -38.9% |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 94.6 | 70.4 | 55.8 | 26.9 | 31.5 | 13.4 | 106.4 | 28.7 |
Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 418.8 | 256.7 | 149.8 | | | | | |
Research and development | | | | 86.1 | 89.1 | 90.3 | 59.9 | 46.4 |
General and administrative | | | | 39.6 | 31.3 | 36.5 | 27.8 | 19.7 |
EBIT | -399.9 | -215.0 | -122.0 | -98.9 | -88.9 | -113.4 | 18.7 | -37.4 |
EBIT margin | -422.7% | -305.3% | -218.5% | -368.0% | -282.3% | -848.3% | 17.6% | -130.5% |
Pre-tax income | -389.0 | -215.3 | -127.3 | -121.7 | -106.3 | -127.8 | 16.5 | -37.5 |
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 | -389.0 | -215.3 | -127.3 | -121.7 | -106.3 | -127.8 | 16.5 | -37.5 |
Net margin | -411.2% | -305.7% | -228.0% | -452.9% | -337.4% | -955.9% | 15.5% | -130.9% |
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Diluted EPS | ($4.33) | ($2.80) | ($1.97) | ($2.11) | ($1.95) | ($2.59) | $0.39 | ($0.97) |
Shares outstanding (diluted) | 89.8 | 76.9 | 64.5 | 57.6 | 54.4 | 49.4 | 42.6 | 38.8 |
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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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