Overview Financials News + Filings Key Docs Ownership Insiders
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| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 |
| | 10-K | 10-K | S-1 |
| Revenues | 264.1 | 0.0 | 0.0 |
| Cost of goods sold | 0.0 | 0.0 | 0.0 |
| Gross profit | 264.1 | 0.0 | 0.0 |
| Gross margin | 100.0% | | |
| Selling, general and administrative | 61.5 | 23.5 | 14.0 |
| Research and development | 197.6 | 108.7 | 70.2 |
| Equity in earnings | 29.4 | 5.8 | |
| Other operating expenses | 109.2 | | -4.9 |
| EBITDA [+] | -62.6 | -119.0 | -75.2 |
| EBITDA growth | -47.4% | 58.3% | |
| EBITDA margin | -23.7% | | |
| Depreciation | 8.3 | 7.4 | 4.0 |
| EBITA | -70.9 | -126.4 | -79.2 |
| EBITA margin | -26.9% | | |
| Amortization of intangibles | 3.8 | | |
| EBIT [+] | -74.7 | -126.4 | -79.2 |
| EBIT growth | -40.9% | 59.6% | |
| EBIT margin | -28.3% | | |
| Non-recurring items [+] | 154.9 | | 4.9 |
| Unusual expense | 149.9 | | 4.9 |
| Interest expense, net [+] | 1.3 | -5.4 | 21.0 |
| Interest expense | 2.4 | 0.2 | 23.0 |
| Interest income | 1.1 | 5.6 | 1.9 |
| Other income (expense), net [+] | 40.1 | 6.9 | -5.2 |
| Gain (loss) on debt retirement | -0.7 | | -0.4 |
| Change in fair value of warrants | | | -4.9 |
| Other | | | 0.1 |
| Pre-tax income | -190.9 | -114.1 | -110.3 |
| Income taxes | -10.5 | 0.0 | 0.0 |
| Tax rate | 5.5% | | |
| Net income | -180.3 | -114.2 | -110.3 |
| Net margin | -68.3% | | |
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| Basic EPS [+] | ($0.61) | ($1.10) | ($4.11) |
| Growth | -44.3% | -73.3% | |
| Diluted EPS [+] | ($0.61) | ($1.10) | ($4.11) |
| Growth | -44.3% | -73.3% | |
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| Shares outstanding (basic) [+] | 294.9 | 103.9 | 26.8 |
| Growth | 183.7% | 287.3% | |
| Shares outstanding (diluted) [+] | 294.9 | 103.9 | 26.8 |
| Growth | 183.7% | 287.3% | |
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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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