RENOVARE ENVIRONMENTAL, INC. (RENO) [Rocket]

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
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Equipment sales						0.9	0.4	0.6
Rental, service and maintenance						1.4	1.0	0.8
Other							0.1	0.2
Total revenues [+]	12.3	5.9	4.2	3.4	2.4	2.2	1.5	1.5
Products						0.9	0.4	0.6
Lease / rental						1.4	1.0	0.8
Other							0.1	0.2
Revenue growth [+]	110.0%	39.3%	25.6%	38.7%	7.9%	48.2%	-0.4%	-55.9%
Equipment sales						109.9%	-29.5%
Rental, service and maintenance						34.0%	34.5%
Cost of goods sold [+]	0.0	0.0	0.1	0.0	1.7	4.9	3.5	1.4
Cost of product sales						0.6	0.3	0.5
Cost of services						1.1	1.0	0.8
Other cost of sales								0.1
Gross profit	12.3	5.9	4.1	3.3	0.7	-2.7	-1.9	0.2
Gross margin	100.0%	100.0%	96.7%	99.5%	30.3%	-118.2%	-127.9%	10.0%
Selling, general and administrative [+]	6.7	8.6	7.1	6.7	7.2	5.5	4.1	2.8
Sales and marketing						4.2	2.9	2.2
General and administrative [+]						1.3	1.2	0.6
General and administrative expenses							1.2
Professional fees						1.3	1.2	0.6
Other selling, general and administrative						4.2	2.9	2.2
Research and development						0.9	0.7	0.6
Equity in earnings	0.0			-0.6	0.0
Other operating expenses	10.4	5.7	3.4	1.3		-3.2	-2.1
EBITDA [+]	-4.9	-8.4	-6.4	-5.3	-6.2	-5.5	-4.4	-3.0
EBITDA growth	-42.2%	31.8%	20.8%	-14.7%	13.0%	25.2%	44.2%	357.5%
EBITDA margin	-39.3%	-142.8%	-150.9%	-156.9%	-255.2%	-243.7%	-288.4%	-199.3%
Depreciation	2.0	2.3	1.7	0.4	0.3	0.4	0.2	0.2
EBITA	-6.8	-10.7	-8.1	-5.6	-6.5	-5.8	-4.6	-3.2
EBITA margin	-55.4%	-181.7%	-190.9%	-168.2%	-268.0%	-259.7%	-304.5%	-212.8%
Amortization of intangibles	0.0	0.0	0.0	0.1	0.1	0.1	0.1	0.1
EBIT [+]	-6.9	-10.7	-8.1	-5.7	-6.6	-5.9	-4.7	-3.4
EBIT growth	-35.8%	32.1%	41.1%	-12.8%	11.1%	25.3%	40.1%	332.6%
EBIT margin	-55.6%	-182.0%	-191.9%	-170.8%	-271.8%	-264.1%	-312.2%	-222.1%
Non-recurring items [+]	11.7	1.0	-0.6				-0.2
Asset impairment	11.7	1.0					0.0
Loss (gain) on sale of assets	0.0		-0.6
Loss (gain) on sale of business							-0.2
Interest expense, net [+]	6.2	4.1	3.3	2.6	1.8	0.8	0.5	0.2
Interest expense	6.2	4.1	3.4	2.6	1.8	0.8	0.5	0.2
Interest income	0.0	0.0	0.1				0.0	0.0
Other income (expense), net [+]	0.4		0.6	-6.4	0.0		0.0	-0.1
Gain (loss) on sale of business							-0.2
Unrealized gain/loss on derivatives							0.0	-0.1
Change in fair value of warrants							0.0	-0.1
Other non-ooperating expenses								0.0
Other								0.0
Pre-tax income	-24.3	-15.7	-10.3	-14.7	-8.4	-6.7	-5.0	-3.7
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Minority interest	-2.7	-4.2	-2.7	-0.1
Net income	-23.8	-12.3	-8.8	-15.2	-8.4	-6.7	-5.0	-3.7
Net margin	-192.4%	-210.0%	-207.4%	-451.4%	-344.9%	-300.7%	-330.4%	-243.4%

Basic EPS [+]	($0.86)	($0.62)	($0.56)	($1.11)	($0.98)	($0.82)	($0.68)	($0.56)
Growth	38.4%	10.9%	-49.9%	13.9%	19.3%	19.9%	22.7%
Diluted EPS [+]	($0.86)	($0.62)	($0.56)	($1.11)	($0.98)	($0.82)	($0.68)	($0.56)
Growth	38.4%	10.9%	-49.9%	13.9%	19.3%	19.9%	22.7%

Shares outstanding (basic) [+]	27.7	19.9	15.7	13.6	8.5	8.2	7.3	6.6
Growth	39.1%	27.2%	15.1%	59.4%	3.8%	12.5%	10.2%
Shares outstanding (diluted) [+]	27.7	19.9	15.7	13.6	8.5	8.2	7.3	6.6
Growth	39.1%	27.2%	15.1%	59.4%	3.8%	12.5%	10.2%

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