Toughbuilt Industries, Inc (TBLT) [Rocket]

In millions, except per share items	Jun-30-23	Dec-31-22	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21
	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q
Revenues, net of allowances
Total revenues, net of allowances	18.9	29.9	30.2	17.9	17.2	24.7	17.2	15.9
Total revenues, net of allowances growth	5.5%	21.2%	75.7%	12.8%	40.2%	105.3%	3.3%	131.8%
Cost of Goods Sold
Total cost of goods sold	13.0	20.6	22.3	12.9	14.2	19.4	11.8	12.5
Gross profit	5.8	9.3	7.9	4.9	3.0	5.2	5.4	3.4
Gross margin	30.9%	31.2%	26.2%	27.7%	17.4%	21.2%	31.6%	21.2%

Operating expenses:
Selling, general and administrative expenses	15.0	21.1	14.7	14.5	15.9	17.5	15.2	9.2
Research and development	2.9	3.2	2.8	2.8	2.5	2.4	1.6	1.4
Total operating expenses	17.9	24.3	17.5	17.3	18.4	20.0	16.9	10.7
Loss from operations	-12.0	-15.0	-9.5	-12.3	-15.4	-14.7	-11.4	-7.3
Operating margin	-63.8%	-50.1%	-31.5%	-68.8%	-89.7%	-59.5%	-66.3%	-46.2%

Other income (expense)
Warrant issuance costs	-0.4	3.3	-1.0	-0.2	-0.3	1.2	-0.6
Change in fair value of warrant and preferred investment option liabilities	7.2			0.4
Interest expense	-0.6	-1.3	-0.5	-0.1		0.0		-0.1
Total other income	6.3			0.2
Net loss	-5.7	-23.1	8.0	-12.1	-12.1	-15.0	-9.1	-7.4

Net income loss per share attributed to common stockholders - Basic	($0.36)	($1.67)	$0.05	($9.45)	($14.04)	($18.72)	($11.18)	($13.64)
Net income loss per share attributed to common stockholders - Diluted	($0.36)	($1.67)	$0.03	($9.45)	($14.04)	($18.72)	($11.18)	($13.64)

Weighted Average Number of Shares Outstanding - Basic	15.8	6.6	10.9	1.3	0.9	0.7	0.8	0.5
Weighted Average Number of Shares Outstanding - Diluted	15.8	6.6	19.7	1.3	0.9	0.7	0.8	0.5