In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Revenue growth | | | | | | | | -100.0% |
Cost of goods sold | 1.2 | 1.1 | 0.9 | 0.9 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross profit | -1.2 | -1.1 | -0.9 | -0.9 | 0.0 | 0.0 | 0.0 | 0.0 |
Gross margin | | | | | | | | |
Selling, general and administrative [+] | 58.8 | 41.8 | 28.9 | 18.2 | 17.9 | 4.9 | 1.6 | 7.8 |
General and administrative | 58.8 | 41.8 | 28.9 | 18.2 | 17.9 | 4.9 | 1.6 | 7.8 |
Research and development | 165.6 | 125.5 | 105.4 | 57.9 | 53.3 | 14.9 | 6.0 | 12.6 |
Other operating expenses | -1.2 | -1.1 | -0.9 | -0.9 | | | | |
EBITDA [+] | -220.4 | -164.0 | -133.2 | -75.7 | -70.8 | -19.6 | -7.5 | -20.4 |
EBITDA growth | 34.4% | 23.2% | 75.8% | 6.9% | 261.9% | 160.7% | -63.1% | 164.2% |
EBITDA margin | | | | | | | | |
Depreciation and amortization | 3.9 | 3.2 | 1.1 | 0.4 | 0.3 | 0.2 | 0.1 | 0.0 |
EBIT [+] | -224.3 | -167.2 | -134.3 | -76.2 | -71.2 | -19.8 | -7.6 | -20.4 |
EBIT growth | 34.1% | 24.5% | 76.4% | 7.0% | 259.9% | 161.1% | -62.9% | 164.7% |
EBIT margin | | | | | | | | |
Interest expense, net [+] | 1.9 | 3.0 | 7.0 | 6.0 | 6.0 | | | 1.1 |
Interest expense | 1.9 | 3.0 | 7.0 | 6.0 | 6.0 | | | 1.2 |
Interest income | | | | | | | | 0.1 |
Other income (expense), net [+] | 4.3 | 1.2 | 1.6 | 4.8 | 2.7 | 0.2 | 0.0 | -46.4 |
Gain (loss) on derivative instruments | | | | | | | | -42.8 |
Change in fair value of warrants | | | | | | | | 0.3 |
Pre-tax income | -221.9 | -169.1 | -139.7 | -77.3 | -74.5 | -19.6 | -7.6 | -68.0 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | -221.9 | -169.1 | -139.7 | -77.3 | -74.5 | -19.6 | -7.6 | -68.0 |
Net margin | | | | | | | | |
|
Basic EPS [+] | ($3.26) | ($2.67) | ($2.52) | ($1.58) | ($1.89) | ($2.88) | ($1.11) | ($3.71) |
Growth | 21.8% | 6.0% | 60.0% | -16.7% | -34.3% | 160.0% | -70.2% | -60.3% |
Diluted EPS [+] | ($3.26) | ($2.67) | ($2.52) | ($1.58) | ($1.89) | ($2.88) | ($1.11) | ($3.71) |
Growth | 21.8% | 6.0% | 60.0% | -16.7% | -34.3% | 160.0% | -70.2% | -60.3% |
|
Shares outstanding (basic) [+] | 68.1 | 63.2 | 55.4 | 49.0 | 39.4 | 6.8 | 6.8 | 18.3 |
Growth | 7.8% | 14.2% | 13.0% | 24.5% | 479.5% | -0.6% | -62.7% | 1695.1% |
Shares outstanding (diluted) [+] | 68.1 | 63.2 | 55.4 | 49.0 | 39.4 | 6.8 | 6.8 | 18.3 |
Growth | 7.8% | 14.2% | 13.0% | 24.5% | 479.5% | -0.6% | -62.7% | 1695.1% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |