Toughbuilt Industries, Inc (TBLT) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16
	10-K	10-K	10-K	10-K	10-K	10-K	S-1/A
Revenues, net of allowances
Total revenues, net of allowances	95.3	70.0	39.4	19.1	15.3	14.2	9.2
Total revenues, net of allowances growth	36.0%	77.6%	106.6%	24.9%	7.7%	54.1%
Cost of Goods Sold
Total cost of goods sold	70.0	50.9	27.7	14.2	11.8	10.2
Gross profit	25.2	19.1	11.7	4.9	3.5	4.0	1.7
Gross margin	26.5%	27.3%	29.8%	25.9%	22.9%	27.9%	18.6%

Operating expenses:
Selling, general and administrative expenses	66.2	51.4	21.1	11.4	6.9	6.1	4.4
Research and development	11.3	7.0	5.1	2.1	1.8	1.7	1.2
Total operating expenses	77.5	58.4	26.1	13.5	9.9	16.0	5.6
Loss from operations	-52.3	-39.3	-14.4	-8.6	-6.5	-3.8	-3.9
Operating margin	-54.9%	-56.1%	-36.5%	-44.9%	-42.2%	-26.6%	-42.6%

Other income (expense)
Warrant issuance costs	1.9	0.6
Interest expense	-1.9	-0.3	-1.2	-1.0	-3.3	-1.1	-0.8
Net loss	-39.3	-37.5	-17.3	-4.3	-27.7	-5.9	-4.7

Net income loss per share attributed to common stockholders - Basic	($7.09)	($56.08)	($0.68)	($2.08)	($7.22)	($1.61)	($1.34)
Net income loss per share attributed to common stockholders - Diluted	($7.09)	($56.08)	($0.68)	($2.08)	($7.22)	($1.61)	($1.34)

Weighted Average Number of Shares Outstanding - Basic	6.6	0.7	27.2	3.1	4.5	3.7	3.5
Weighted Average Number of Shares Outstanding - Diluted	6.6	0.7	27.2	3.1	4.5