Financial Summary (All financials)
In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
Revenues | 116.6 | 40.1 | 22.5 | 35.5 | 12.1 | 9.6 | 10.5 | 72.0 |
Revenue growth | 190.7% | 78.0% | -36.5% | 194.2% | 25.4% | -8.6% | -85.4% | -7.7% |
Cost of goods sold | 44.4 | 18.1 | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | 72.3 | 22.0 | 22.1 | 35.5 | 12.1 | 9.6 | 10.5 | 72.0 |
Gross margin | 62.0% | 54.9% | 98.2% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
Selling, general and administrative | 218.9 | 151.2 | 91.1 | 58.2 | 38.9 | 23.6 | 15.4 | |
Research and development | 124.6 | 216.2 | 203.7 | 246.9 | 200.4 | 123.6 | 79.3 | 49.7 |
General and administrative | | | | | | | | 11.5 |
EBIT | -268.4 | -345.3 | -272.7 | -269.6 | -227.2 | -137.6 | -84.2 | 10.8 |
EBIT margin | -230.1% | -860.5% | -1209.4% | -759.3% | -1882.1% | -1429.3% | -799.3% | 15.0% |
Pre-tax income | -292.9 | -350.5 | -285.6 | -268.1 | -226.9 | -137.1 | -83.4 | 11.4 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | -0.4 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% |
Net income | -290.7 | -350.2 | -286.1 | -269.0 | -226.5 | -137.1 | -83.4 | 11.4 |
Net margin | -249.2% | -872.7% | -1268.9% | -757.8% | -1876.6% | -1424.7% | -791.5% | 15.8% |
|
Diluted EPS | ($4.06) | ($5.31) | ($4.81) | ($4.76) | ($4.36) | ($3.19) | ($3.65) | $5.55 |
Shares outstanding (diluted) | 71.6 | 66.0 | 59.5 | 56.5 | 52.0 | 43.0 | 22.8 | 2.0 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|