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Long Island Iced Tea Corp. (LBCC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12
   10-K10-K10-K10-KS-1S-1
Revenues  4.54.62.01.70.91.0
            Revenue growth  -3.4%137.4%12.0%96.9%-11.7% 
Cost of goods sold  4.64.21.61.50.70.9
Gross profit  -0.10.40.40.20.20.1
            Gross margin  -2.8%8.6%20.4%13.8%17.2%7.3%
Selling, general and administrative   [+]13.88.13.43.30.40.2
Other operating expenses  0.00.10.1   
EBITDA   [+]-13.8-7.6-2.9-3.0  
            EBITDA margin  -308.4%-164.4%-150.3%-170.0%-29.8%-12.8%
Depreciation and amortization  0.10.20.10.1  
EBIT   [+]-14.0-7.8-3.1-3.0-0.3-0.1
            EBIT margin  -311.6%-167.9%-156.2%-174.3%-29.8%-12.8%
Non-recurring items   [+]0.2     
Interest expense  1.11.60.10.10.10.0
Other income (expense), net   [+]0.0-1.10.0   
Pre-tax income  -15.2-10.4-3.2-3.2-0.3-0.2
Income taxes  0.00.00.00.00.00.0
            Tax rate  0.0%0.0%0.0%0.0%0.0%0.0%
Net income  -15.2-10.4-3.2-3.2-0.3-0.2
            Net margin  -339.5%-225.2%-162.8%-180.7%-35.9%-17.2%
   
Basic EPS   [+]($1.72)($1.77)($0.85)($1.20)($0.12)($0.07)
Diluted EPS   [+]($1.72)($1.77)($0.85)($1.20)($0.12)($0.07)
   
Shares outstanding (basic)   [+]8.95.93.72.62.62.6
Shares outstanding (diluted)   [+]8.95.93.72.62.62.6
   
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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