MAGNEGAS CORP (MNGA) [Rocket]

In millions, except per share items	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Total revenues [+]	9.7	3.7	3.6	2.4	1.0	1.0	0.6	0.4
Licensing					0.1	0.1	0.1	0.2
Oil & gas							0.6	0.1
Revenue growth	161.1%	4.7%	46.1%	137.6%	3.4%	69.3%	53.0%	-81.2%
Cost of goods sold	5.6	2.2	2.0	1.5	0.7	0.5	0.5	0.0
Gross profit	4.1	1.5	1.5	1.0	0.3	0.4	0.0	0.3
Gross margin	42.1%	40.4%	43.2%	39.3%	34.1%	44.5%	6.6%	88.8%
Selling, general and administrative [+]	18.0	12.4	10.5	8.7	4.0	3.5	6.8	1.4
Sales and marketing								0.4
General and administrative [+]								0.0
General and administrative expenses							3.8	1.0
Professional fees								0.0
Other selling, general and administrative								1.0
Research and development	0.0	0.2	0.7	0.3	0.4	0.2		0.1
Other operating expenses			1.9	0.6	3.1	3.1	-0.1	1.7
EBITDA [+]	-13.9	-11.1	-11.5	-8.1	-6.8	-5.8	-6.2	-2.9
EBITDA growth	25.4%	-3.3%	42.0%	19.4%	16.1%	-6.3%	118.3%	-2996.6%
EBITDA margin	-143.2%	-298.3%	-323.2%	-332.6%	-661.8%	-589.8%	-1065.7%	-747.0%
Depreciation	1.1	0.7	0.6	0.6	0.3	0.4	0.4	0.0
EBITA	-15.0	-11.8	-12.1	-8.6	-7.1	-6.3	-6.6	-2.9
EBITA margin	-154.2%	-316.4%	-339.9%	-355.5%	-693.9%	-633.9%	-1134.8%	-756.3%
Amortization of intangibles			0.1		0.0	0.0	0.0	0.0
EBIT [+]	-15.0	-11.8	-12.1	-8.6	-7.1	-6.3	-6.7	-2.9
EBIT growth	27.3%	-3.0%	40.4%	20.9%	13.1%	-5.4%	127.4%	-7168.3%
EBIT margin	-154.2%	-316.4%	-341.5%	-355.5%	-698.6%	-638.8%	-1143.1%	-769.0%
Non-recurring items [+]	0.0	-0.1		0.5
Loss (gain) on sale of assets	0.0	-0.1		0.5
Interest expense, net [+]	0.2	0.0	0.1		0.0		0.0	0.0
Interest expense	0.2	0.0	0.1		0.0		0.0	0.0
Interest income							0.0
Other income (expense), net [+]	0.1	0.7	-5.3	-0.7	0.0	0.0
Amortization of debt discount premium	-0.2	-1.0	-0.2
Impairment of equity method investments			0.8
Gain (loss) on sale of assets			1.0
Gain (loss) on debt retirement		-0.5
Gain (loss) on derivative instruments		2.3	0.4
Unrealized gain/loss on derivatives			-2.6	-0.7
Change in fair value of warrants			-2.6
Other non-operating income				0.0
Other	0.3	-1.0	-0.1	0.0	0.0	0.0	0.0	0.0
Pre-tax income	-15.0	-11.0	-17.5	-9.9	-7.2	-6.3	-6.7	-2.9
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0	0.5	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%		0.0%
Net income	-19.3	-16.0	-17.5	-9.9	-7.2	-6.3	-7.1	-2.9
Net margin	-198.9%	-430.1%	-491.8%	-406.1%	-699.1%	-638.9%	-1221.7%	-769.1%

Basic EPS [+]	($7.75)	($444.45)	($52.74)	($0.25)	($0.23)	($0.29)	($0.41)	($0.22)
Growth	-98.3%	742.7%	21243.2%	9.7%	-22.4%	-29.2%	83.4%	-107756.6%
Diluted EPS [+]	($7.75)	($444.45)	($52.74)	($0.25)	($0.23)	($0.29)	($0.41)	($0.22)
Growth	-98.3%	742.7%	21243.2%	9.7%	-22.4%	-29.2%	83.4%	-108305.1%

Shares outstanding (basic) [+]	2.5	0.0	0.3	39.9	31.8	21.8	17.4	13.1
Growth	6821.4%	-89.1%	-99.2%	25.8%	45.8%	25.1%	32.5%	-88.4%
Shares outstanding (diluted) [+]	2.5	0.0	0.3	39.9	31.8	21.8	17.4	13.1
Growth	6821.4%	-89.1%	-99.2%	25.8%	45.8%	25.1%	32.5%	-88.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.