Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 |
Revenues | 0.3 | 2.1 | 2.3 | 1,919.7 |
Revenue growth | -84.8% | -10.0% | -99.9% | |
Cost of goods sold | 0.2 | 1.2 | 1.3 | 1,223.0 |
Gross profit | 0.2 | 0.9 | 1.0 | 696.7 |
Gross margin | 50.1% | 44.6% | 44.6% | 36.3% |
Research and development | 36.3 | 26.5 | 15.0 | 4,278.9 |
General and administrative | 15.6 | 8.3 | 3.1 | 2,708.9 |
EBITA | -51.7 | -33.9 | -17.1 | -6,291.0 |
EBITA margin | -16316.3% | -1629.2% | -739.0% | -327.7% |
Amortization of intangibles | 0.0 | | | |
EBIT | -51.7 | -33.9 | -17.1 | -6,291.0 |
EBIT margin | -16325.8% | -1629.2% | -739.0% | -327.7% |
Pre-tax income | -50.5 | -33.8 | -17.0 | -7,709.4 |
Income taxes | 0.0 | -0.3 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.9% | 0.0% | 0.0% |
Net income | -50.5 | -33.5 | -17.0 | -7,709.4 |
Net margin | -15937.3% | -1612.3% | -737.2% | -401.6% |
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Diluted EPS | ($1.91) | ($2.46) | ($3.44) | ($2.18) |
Shares outstanding (diluted) | 26.4 | 13.6 | 5.0 | 3,535.8 |
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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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