Overview Financials News + Filings Key Docs Charts Ownership Insiders
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Recent News + Filings (All items)
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Revenue Mix by Segment
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Financial Summary (All financials)
| 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 |
| Revenues | 30.1 | 23.4 | 9.3 | 1.7 | 0.7 | 1.7 | 3.0 | 0.5 |
| Revenue growth | 28.2% | 151.1% | 436.5% | 146.8% | -59.3% | -41.3% | 499.6% | |
| Cost of goods sold | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Gross profit | 30.1 | 23.4 | 9.3 | 1.7 | 0.7 | 1.7 | 3.0 | 0.5 |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and development | 70.2 | 58.7 | 27.2 | 35.8 | 29.0 | 10.6 | 3.0 | 0.4 |
| General and administrative | 18.0 | 14.6 | 10.9 | 9.5 | 8.4 | 6.1 | 1.1 | 0.4 |
| EBIT | -58.1 | -49.9 | -28.7 | -43.6 | -36.6 | -15.0 | -1.2 | -0.4 |
| EBIT margin | -193.4% | -212.7% | -308.0% | -2504.3% | -5195.3% | -865.0% | -40.3% | -75.4% |
| Pre-tax income | -55.4 | -50.4 | -27.9 | -41.9 | -36.9 | -8.0 | -1.2 | -0.4 |
| Income taxes | 2.3 | -0.1 | 0.0 | 0.0 | -0.4 | -0.2 | 0.1 | 0.0 |
| Tax rate | | 0.2% | 0.0% | 0.0% | 1.0% | 2.5% | | 0.0% |
| Net income | -57.8 | -50.3 | -27.9 | -41.9 | -36.5 | -7.8 | -1.2 | -0.4 |
| Net margin | -192.1% | -214.7% | -299.3% | -2405.3% | -5175.5% | -449.6% | -41.8% | -75.0% |
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| Diluted EPS | ($1.73) | ($1.98) | ($1.34) | ($2.28) | ($2.63) | ($1.20) | ($2.18) | ($0.74) |
| Shares outstanding (diluted) | 33.4 | 25.5 | 20.8 | 18.4 | 13.8 | 6.5 | 0.6 | 0.5 |
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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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