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 | 302.6 | 0.1 | 0.1 | 1.5 | 1.6 | 1.6 |
Revenue growth | 37.1% | -100.0% | 355942.4% | 34.9% | -95.9% | -0.2% | -0.3% | 24.5% |
Cost of goods sold | -22.1 | -58.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 22.2 | 58.3 | 302.6 | 0.1 | 0.1 | 1.5 | 1.6 | 1.6 |
Gross margin | 46200.0% | 166648.6% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 15.7 | 52.7 | 45.8 | 15.9 | 20.7 | 14.7 | 25.0 | 23.2 |
Research and development | 6.4 | 5.6 | 8.8 | 3.8 | 4.8 | 4.2 | 4.2 | 2.3 |
EBIT | -22.1 | -49.2 | 199.2 | -19.7 | -25.5 | -17.3 | -28.5 | -29.2 |
EBIT margin | -45991.7% | -140497.1% | 65.8% | -23135.3% | -40407.9% | -1119.7% | -1839.0% | -1876.3% |
Pre-tax income | -20.2 | -49.1 | 307.5 | -19.6 | -25.4 | -17.3 | -28.4 | -29.2 |
Income taxes | 16.0 | -6.2 | 27.0 | -0.4 | 0.0 | 0.0 | 0.1 | 0.0 |
Tax rate | | 12.6% | 8.8% | 2.0% | | | | |
Net income | -36.3 | -42.9 | 280.4 | -19.2 | -25.4 | -17.3 | -28.6 | -29.2 |
Net margin | -75541.7% | -122631.4% | 92.7% | -22564.7% | -40327.0% | -1116.9% | -1843.2% | -1880.0% |
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Diluted EPS | ($0.51) | ($0.60) | $3.92 | ($0.28) | ($0.40) | ($0.30) | ($0.51) | ($0.56) |
Shares outstanding (diluted) | 71.3 | 71.2 | 71.6 | 68.6 | 63.0 | 58.4 | 56.0 | 52.4 |
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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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