Financial Summary (All financials)
| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
| Revenues | 412.5 | 26.7 | 39.0 |
| Revenue growth | 1446.0% | -31.5% | |
| Cost of goods sold | 282.0 | 242.3 | 226.4 |
| Gross profit | 130.5 | -215.6 | -187.5 |
| Gross margin | 31.6% | -808.2% | -481.3% |
| Research and development | 208.6 | 199.8 | 171.2 |
| General and administrative | 73.4 | 42.6 | 55.2 |
| EBITA | 131.5 | -212.8 | -183.3 |
| EBITA margin | 31.9% | -797.8% | -470.6% |
| Amortization of intangibles | 1.0 | 2.8 | 4.2 |
| EBIT | 130.5 | -215.6 | -187.5 |
| EBIT margin | 31.6% | -808.2% | -481.3% |
| Pre-tax income | 135.2 | -212.4 | -180.1 |
| Income taxes | 10.9 | -0.5 | 0.4 |
| Tax rate | 8.1% | 0.2% | |
| Net income | 124.3 | -211.8 | -180.6 |
| Net margin | 30.1% | -794.0% | -463.5% |
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| Diluted EPS | $1.91 | ($4.06) | ($3.58) |
| Shares outstanding (diluted) | 65.2 | 52.1 | 50.4 |
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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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