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 |
Revenues | 0.0 | 0.0 | 0.0 | 0.0 | 0.9 | 0.5 | 0.0 |
Revenue growth | | | -100.0% | -95.7% | 71.1% | | |
Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 0.0 | 0.0 | 0.0 | 0.0 | 0.9 | 0.5 | 0.0 |
Gross margin | | | | 100.0% | 100.0% | 100.0% | |
Selling, general and administrative | 30.4 | 24.5 | 32.1 | | | | |
Research and development | | | | 90.8 | 68.6 | 25.5 | 10.1 |
General and administrative | | | | 11.3 | 8.8 | 4.5 | 3.3 |
EBITA | -40.1 | -85.9 | -50.5 | -102.0 | -76.6 | -29.5 | -13.4 |
EBITA margin | | | | -275732.4% | -8810.0% | -5798.2% | |
Amortization of intangibles | 1.7 | 1.7 | | | | | |
EBIT | -41.9 | -87.6 | -50.5 | -102.0 | -76.6 | -29.5 | -13.4 |
EBIT margin | | | | -275732.4% | -8810.0% | -5798.2% | |
Pre-tax income | -44.1 | -90.9 | -51.3 | -102.7 | -76.6 | -29.0 | -13.4 |
Income taxes | 0.3 | 0.7 | 0.7 | 0.4 | 0.5 | 0.4 | 0.1 |
Net income | -44.4 | -91.6 | -52.0 | -103.1 | -77.1 | -29.4 | -13.5 |
Net margin | | | | -278729.7% | -8867.2% | -5788.6% | |
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Diluted EPS | ($3.63) | ($8.41) | ($32.49) | ($7.10) | ($8.82) | ($170.84) | ($568.87) |
Shares outstanding (diluted) | 12.2 | 10.9 | 1.6 | 14.5 | 8.7 | 0.2 | 0.0 |
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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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