Financial Summary (All financials)
In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
Revenues | 194.1 | 83.1 | 69.9 | 24.2 | 0.0 | 0.0 | 0.0 | 0.0 |
Revenue growth | 133.5% | 19.0% | 189.0% | | | | | |
Cost of goods sold | 26.8 | 25.3 | 4.8 | 0.6 | 16.7 | 9.8 | 0.0 | 0.0 |
Gross profit | 167.3 | 57.8 | 65.1 | 23.5 | -16.7 | -9.8 | 0.0 | 0.0 |
Gross margin | 86.2% | 69.5% | 93.1% | 97.3% | | | | |
Selling, general and administrative | 137.8 | 137.2 | 138.4 | 120.6 | 56.9 | 34.7 | 30.6 | |
Research and development | 75.8 | 74.0 | 91.4 | 86.1 | 72.1 | 52.4 | 44.5 | 29.9 |
General and administrative | | | | | | | | 20.1 |
EBITA | -15.3 | -127.9 | -174.5 | -208.1 | -145.4 | -96.9 | -75.1 | -50.0 |
EBITA margin | -7.9% | -153.8% | -249.7% | -860.6% | | | | |
Amortization of intangibles | 31.1 | 27.8 | 13.0 | 1.6 | 0.3 | | | |
EBIT | -46.4 | -155.7 | -187.5 | -209.7 | -145.7 | -96.9 | -75.1 | -50.0 |
EBIT margin | -23.9% | -187.3% | -268.3% | -867.4% | | | | |
Pre-tax income | -74.2 | -177.9 | -199.7 | -232.6 | -146.9 | -98.9 | -74.2 | -48.1 |
Income taxes | 0.6 | 5.2 | -0.1 | 0.0 | -1.8 | 0.2 | 0.1 | 0.0 |
Tax rate | | | 0.0% | | 1.2% | | | 0.0% |
Net income | -74.8 | -183.1 | -199.6 | -232.6 | -145.1 | -99.1 | -74.4 | -48.1 |
Net margin | -38.5% | -220.2% | -285.6% | -961.8% | | | | |
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Diluted EPS | ($1.61) | ($3.99) | ($4.39) | ($5.58) | ($4.11) | ($3.40) | ($2.88) | ($2.00) |
Shares outstanding (diluted) | 46.3 | 45.9 | 45.4 | 41.7 | 35.3 | 29.1 | 25.8 | 24.1 |
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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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