Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 20.0 | 12.9 | 40.9 | 30.3 | 1.6 | 0.2 | 0.3 | 0.2 |
Revenue growth | 55.0% | -68.5% | 34.8% | 1790.1% | 942.2% | -38.4% | 9.2% | -40.8% |
Cost of goods sold | 3.4 | 2.7 | 2.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 16.6 | 10.2 | 38.5 | 30.3 | 1.6 | 0.2 | 0.3 | 0.2 |
Gross margin | 83.0% | 79.0% | 94.1% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 143.8 | 126.4 | 105.4 | 48.8 | 24.9 | | | |
Research and development | 160.8 | 150.8 | 122.3 | 161.4 | 107.3 | 86.9 | 97.7 | 60.1 |
General and administrative | | | | | | 23.9 | 21.6 | 15.9 |
EBIT | -98.3 | -171.9 | -189.3 | -179.9 | -130.5 | -110.7 | -119.1 | -75.8 |
EBIT margin | -491.4% | -1332.2% | -462.9% | -593.0% | -8133.2% | -71903.9% | -47630.4% | -33120.5% |
Pre-tax income | -123.8 | -196.0 | -199.6 | -178.4 | -128.9 | -109.4 | -118.2 | -75.8 |
Income taxes | 0.3 | 0.3 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 |
Tax rate | | | | | | | 0.0% | 0.0% |
Net income | -124.1 | -196.3 | -199.6 | -178.4 | -129.0 | -109.6 | -118.2 | -75.8 |
Net margin | -620.4% | -1521.5% | -488.1% | -588.1% | -8036.4% | -71153.9% | -47272.4% | -33090.4% |
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Diluted EPS | ($1.65) | ($2.72) | ($3.22) | ($3.14) | ($2.81) | ($2.92) | ($3.32) | ($2.43) |
Shares outstanding (diluted) | 75.2 | 72.0 | 62.0 | 56.8 | 45.9 | 37.5 | 35.6 | 31.1 |
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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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