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Income Statement
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WISA TECHNOLOGIES, INC. (WISA)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17
   8-K10-K10-K10-K10-K10-K
Revenues:  
    North America   1.20.2   
    Asia Pacific   4.81.91.20.00.4
    Europe   0.60.30.50.00.7
    Other     0.01.40.0
Total revenues  3.46.52.41.71.41.1
            Revenue growth   [+]-48.6%172.1%44.3%21.3%23.5% 
Cost of goods sold  3.04.72.01.71.61.3
Gross profit  0.41.90.4-0.1-0.2-0.2
            Gross margin  11.7%28.5%17.8%-4.3%-17.3%-14.3%
Selling, general and administrative   [+]11.38.17.15.76.53.0
Research and development  7.15.24.65.44.93.7
EBITDA   [+] -11.4-11.2-11.1-11.5-6.8
            EBITDA margin  -536.2%-174.8%-466.8%-664.5%-836.7%-609.0%
Depreciation   0.10.10.10.00.1
EBITA  -18.0-11.5-11.3-11.1-11.5-6.8
            EBITA margin  -536.2%-176.0%-469.5%-667.9%-839.7%-614.3%
Amortization of intangibles     0.00.00.0
EBIT   [+]-18.0-11.5-11.3-11.2-11.6-6.8
            EBIT margin  -536.2%-176.0%-469.5%-669.9%-842.1%-614.8%
Interest expense  0.90.01.4 33.514.7
Other income (expense), net   [+]2.8-0.30.0-0.9-22.3-4.1
Pre-tax income  -16.1-11.8-12.7-12.0-67.3-25.6
Income taxes  0.00.00.00.00.00.0
Net income  0.0-13.0-12.9-12.1-67.4-25.7
            Net margin  -0.5%-199.4%-537.4%-725.9%-4902.3%-2305.3%
   
Basic EPS   [+]($82.89)($1.05)($2.47)($12.75)($9.96)($75.89)
Diluted EPS   [+]($82.89)($1.05)($2.47)($12.75)($9.96)($75.89)
   
Shares outstanding (basic)   [+]0.012.45.20.96.80.3
Shares outstanding (diluted)   [+]0.012.45.20.96.80.3
   
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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