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Financial Fundamentals - Income Statement

  Year Ending Dec 2022 (Update) Year Ending Dec 2021 (Restated) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update)
Net Sales 69.96 2.57 64.87 49.65
Revenue 69.96 2.57 64.87 49.65
Total Revenue 69.96 2.57 64.87 49.65
Cost of Revenue 1.40 1.40 15.97 6.33
Cost of Revenue, Total 1.40 1.40 15.97 6.33
Gross Profit 68.57 1.17 48.90 43.31
Selling/General/Administrative Expense 57.90 80.75 192.96 174.11
Selling/General/Administrative Expenses, Total 57.90 80.75 192.96 174.11
Research & Development 0.00 0.00 10.43 19.79
Depreciation -- -- 1.04 0.61
Depreciation/Amortization -- -- 1.04 0.61
Restructuring Charge 9.47 0.00 -- --
Other Unusual Expense (Income) -- -- 0.00 10.06
Unusual Expense (Income) 9.47 0.00 0.00 10.06
Total Operating Expense 68.77 82.15 220.41 210.91
Operating Income 1.19 -79.58 -155.54 -161.26
Interest Expense - Non-Operating -- -- -28.58 -17.38
Interest Expense, Net Non-Operating -- -- -28.58 -17.38
Interest Income, Non-Operating -- -- -- --
Investment Income, Non-Operating -- -- -- --
Interest/Investment Income, Non-Operating -- -- -- --
Interest Income (Expense), Net-Non-Operating, Total -- -- -28.58 -17.38
Other Non-Operating Income (Expense) -0.12 0.27 0.60 2.50
Other, Net -0.12 0.27 0.60 2.50
Net Income Before Taxes 1.07 -79.31 -183.52 -176.15
Income Tax – Total 0.00 0.00 0.00 0.00
Income After Tax 1.07 -79.31 -183.52 -176.15
Net Income Before Extraordinary Items 1.07 -79.31 -183.52 -176.15
Discontinued Operations 111.48 -93.11 -- --
Tax on Extraordinary Items -0.55 0.00 -- --
Total Extraordinary Items 110.92 -93.11 -- --
Net Income 112.00 -172.42 -183.52 -176.15
Income Available to Common Excluding Extraordinary Items 1.07 -79.31 -183.52 -176.15
Income Available to Common Stocks Including Extraordinary Items 112.00 -172.42 -183.52 -176.15
Basic Weighted Average Shares 9.03 7.96 5.51 4.93
Basic EPS Excluding Extraordinary Items 0.12 -9.96 -33.29 -35.75
Basic EPS Including Extraordinary Items 12.41 -21.66 -33.29 -35.75
Dilution Adjustment -- -- -- --
Diluted Net Income 112.00 -172.42 -183.52 -176.15
Diluted Weighted Average Shares 9.37 7.96 5.51 4.93
Diluted EPS Excluding Extraordinary Items 0.11 -9.96 -33.29 -35.75
Diluted EPS Including Extraordinary Items 11.96 -21.66 -33.29 -35.75
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00
Impairment-Assets Held for Use, Supplemental -- -- 1.13 --
Non-Recurring Items, Total -- -- 1.13 --
Total Special Items 9.47 0.00 1.13 10.06
Normalized Income Before Taxes 10.55 -79.31 -182.39 -166.09
Effect of Special Items on Income Taxes 0.00 0.00 0.00 0.00
Income Taxes Excluding Impact of Special Items 0.00 0.00 0.00 0.00
Normalized Income After Taxes 10.55 -79.31 -182.39 -166.09
Normalized Income Available to Common 10.55 -79.31 -182.39 -166.09
Basic Normalized EPS 1.17 -9.96 -33.08 -33.71
Diluted Normalized EPS 1.13 -9.96 -33.08 -33.71
Amortization of Intangibles, Supplemental 0.60 0.30 0.27 0.20
Depreciation, Supplemental 0.60 0.40 0.77 0.42
Interest Expense, Supplemental 36.07 32.92 28.58 17.38
Rental Expense, Supplemental 1.40 2.10 2.33 1.56
Stock-Based Compensation, Supplemental 11.57 18.13 10.68 10.69
Advertising Expense, Supplemental 13.20 -- 35.80 9.05
Research & Development Expense, Supplemental 0.00 0.00 10.43 19.79
Audit-Related Fees, Supplemental 0.56 0.54 0.44 0.41
Audit-Related Fees 0.07 0.00 0.00 0.00
Tax Fees, Supplemental 0.24 0.10 0.12 0.14
All Other Fees Paid to Auditor, Supplemental 0.00 0.01 0.00 0.00
Gross Margin 98.00 45.51 75.37 87.24
Operating Margin 1.70 -3,092.77 -239.76 -324.82
Pretax Margin 1.54 -3,082.20 -282.90 -354.80
Effective Tax Rate 0.00 -- -- --
Net Profit Margin 1.54 -3,082.20 -282.90 -354.80
Normalized EBIT 10.66 -79.58 -154.41 -151.21
Normalized EBITDA 11.86 -78.88 -153.37 -150.59
Defined Contribution Expense - Domestic 0.50 -- 0.49 --
Total Pension Expense 0.50 -- 0.49 --
For a more complete picture of our financial results, please review our SEC Filings

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