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 | 75.7 | 33.4 | 23.1 | 10.1 | 0.0 | 0.6 | 1.1 | 0.0 |
Revenue growth | 126.6% | 45.0% | 129.3% | | -100.0% | -41.7% | | |
Cost of goods sold | 13.5 | 7.8 | 2.4 | 1.6 | -1.6 | -0.5 | 0.8 | 0.5 |
Gross profit | 62.2 | 25.6 | 20.7 | 8.4 | 1.6 | 1.1 | 0.3 | -0.5 |
Gross margin | 82.2% | 76.6% | 89.6% | 83.7% | | 181.2% | 24.3% | |
Selling, general and administrative | 35.4 | 38.4 | 45.1 | 85.2 | 30.9 | 16.7 | | |
Research and development | 5.0 | 23.0 | 85.3 | 117.3 | 86.2 | 62.8 | 29.1 | 9.9 |
General and administrative | | | | | | | 13.9 | 11.4 |
EBITA | 23.4 | -35.2 | -109.8 | -194.1 | -115.4 | -78.4 | -42.0 | -21.3 |
EBITA margin | 30.9% | -105.3% | -476.3% | -1929.7% | | -12722.7% | -3970.6% | |
Amortization of intangibles | 1.6 | 0.6 | | | | | | |
EBIT | 21.8 | -35.8 | -109.8 | -194.1 | -115.4 | -78.4 | -42.0 | -21.3 |
EBIT margin | 28.8% | -107.2% | -476.3% | -1929.7% | | -12722.7% | -3970.6% | |
Pre-tax income | 19.7 | -39.4 | -116.5 | -199.5 | -114.8 | -78.2 | -41.9 | -21.3 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | 19.7 | -39.4 | -116.5 | -199.5 | -114.8 | -78.2 | -41.9 | -21.3 |
Net margin | 26.0% | -118.0% | -505.4% | -1983.6% | | -12692.4% | -3965.2% | |
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Diluted EPS | $0.58 | ($1.44) | ($4.30) | ($7.85) | ($5.41) | ($4.54) | ($2.68) | ($2.00) |
Shares outstanding (diluted) | 34.2 | 27.3 | 27.1 | 25.4 | 21.2 | 17.2 | 15.7 | 10.7 |
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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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