Financial Summary (All financials)
In millions, except per share items | Dec-31-20 | Dec-31-19 |
Revenues | -28.3 | -34.5 |
Revenue growth | -18.0% | |
Cost of goods sold | -129.9 | -75.6 |
Gross profit | 101.6 | 41.1 |
Gross margin | -359.1% | -119.3% |
Sales and marketing | 5.0 | 8.9 |
General and administrative | 99.6 | 106.0 |
EBIT | -45.8 | -111.5 |
EBIT margin | 161.9% | 323.2% |
Pre-tax income | -63.2 | -172.6 |
Income taxes | -3.7 | -3.8 |
Tax rate | 5.8% | 2.2% |
Earnings from continuing ops | -58.3 | -168.2 |
Earnings from discontinued ops | -1.3 | -0.6 |
Net income | -59.6 | -168.8 |
Net margin | 210.6% | 489.4% |
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Diluted EPS | ($0.16) | ($0.59) |
Shares outstanding (diluted) | 354.8 | 286.6 |
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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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