Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 13.0 | 0.0 | 1.1 |
Revenue growth | | -100.0% | |
Cost of goods sold | 34.2 | 0.8 | 2.0 |
Gross profit | -21.2 | -0.8 | -0.9 |
Gross margin | -162.8% | | -87.4% |
Selling, general and administrative | | 0.0 | |
Sales and marketing | 11.1 | 0.0 | 1.4 |
Research and development | 2.9 | | |
General and administrative | 24.7 | 0.0 | 4.6 |
EBIT | -59.8 | -0.8 | -7.4 |
EBIT margin | -459.5% | | -684.1% |
Pre-tax income | -72.5 | -0.5 | -7.7 |
Income taxes | 0.2 | 0.0 | 0.0 |
Tax rate | | | 0.0% |
Net income | -72.7 | -0.5 | -7.7 |
Net margin | -558.1% | | -714.5% |
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Diluted EPS | ($2.89) | ($0.23) | ($2.33) |
Shares outstanding (diluted) | 25.2 | 2.2 | 3.3 |
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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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