Financial Summary (All financials)
In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 55.6 | 84.8 | 76.8 |
Revenue growth | -34.5% | 10.4% | |
Cost of goods sold | 0.0 | -0.4 | -0.8 |
Gross profit | 55.5 | 85.2 | 77.5 |
Gross margin | 99.9% | 100.5% | 101.0% |
Research and development | 90.9 | 100.3 | 83.1 |
General and administrative | 18.8 | 13.5 | 11.4 |
EBIT | -54.2 | -28.6 | -17.0 |
EBIT margin | -97.5% | -33.7% | -22.1% |
Pre-tax income | -108.5 | -1.1 | -54.5 |
Income taxes | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% |
Net income | 0.0 | 0.0 | 0.0 |
Net margin | 0.0% | 0.0% | 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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