In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
Revenues | 0.3 | 1.3 | 69.1 | 38.8 | 0.0 |
Revenue growth | -79.3% | -98.1% | 77.9% | | |
Cost of goods sold | 15.5 | 2.8 | 0.0 | 0.0 | 0.0 |
Gross profit | -15.2 | -1.5 | 69.1 | 38.8 | 0.0 |
Gross margin | -5625.2% | -116.0% | 100.0% | 100.0% | |
Sales and marketing | 5.4 | 9.5 | 21.7 | 2.2 | 0.2 |
Research and development | 26.5 | 17.2 | 9.6 | 2.7 | 0.7 |
General and administrative | 54.0 | 47.8 | 34.4 | 33.3 | 1.0 |
EBITA | -51.4 | -56.5 | -40.5 | -21.9 | -1.9 |
EBITA margin | -19044.1% | -4336.0% | -58.7% | -56.4% | |
Amortization of intangibles | 10.6 | 1.8 | | | |
EBIT | -62.0 | -58.3 | -40.5 | -21.9 | -1.9 |
EBIT margin | -22972.6% | -4471.6% | -58.7% | -56.4% | |
Pre-tax income | -116.9 | -61.8 | -43.8 | -22.6 | -1.9 |
Income taxes | -3.7 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 3.1% | 0.1% | 0.0% | 0.0% | 0.0% |
Earnings from continuing ops | -113.2 | -61.8 | | -22.6 | -1.9 |
Earnings from discontinued ops | | | -43.8 | | |
Net income | -113.2 | -61.8 | -43.8 | -22.6 | -1.9 |
Net margin | -41941.9% | -4739.1% | -63.4% | -58.1% | |
|
Diluted EPS | ($2.17) | ($1.28) | $0.00 | ($0.90) | ($0.09) |
Shares outstanding (diluted) | 52.2 | 48.2 | 35.7 | 25.2 | 20.8 |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |