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Income Statement
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Op Efficiency
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Frequency Therapeutics, Inc. (FREQ)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-05-22Dec-31-21Dec-05-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17
   10-K8-K10-K8-K10-K10-K10-K10-K
Revenues   [+]0.049.414.114.137.028.90.00.0
            Revenue growth  -100.0%251.3%-62.0% 27.8%   
Cost of goods sold  0.083.00.098.10.00.00.00.0
Gross profit  0.0-33.614.1-84.037.028.90.00.0
            Gross margin  100.0%-68.0%100.0%-597.3%100.0%100.0%  
Selling, general and administrative   [+]83.033.698.137.264.514.87.14.3
Research and development       18.811.912.0
Other operating expenses   15.8 -37.2 16.0  
EBITDA   [+]     -19.9-18.3-15.8
            EBITDA margin  -2766633.3%-168.0%-597.3%-597.3%-74.5%-68.6%  
Depreciation and amortization       0.80.70.5
EBIT   [+]-83.0-83.0-84.0-84.0-27.6-20.7-18.9-16.3
            EBIT margin  -2766633.3%-168.0%-597.3%-597.3%-74.5%-71.4%  
Interest income, net   [+]1.30.40.4-0.41.01.8-0.1-0.2
Other income (expense), net   [+]1.11.1-0.3-0.30.10.1-0.1-3.8
Pre-tax income  -81.6-81.6-84.7-84.7-26.5-18.7-19.2-20.2
Income taxes  0.00.00.00.00.00.00.00.0
            Tax rate  0.0%0.0%   0.0%0.0%0.0%
Net income  -81.6-81.6-84.7-84.7-26.5-19.8-19.2-20.2
            Net margin  -2719333.3%-165.1%-602.0%-602.0%-71.7%-68.4%  
   
Basic EPS   [+] ($2.33)($2.47)($2.47)($0.82)($2.29)($12.53)($28.79)
Diluted EPS   [+] ($2.33)($2.47)($2.47)($0.82)($2.29)($12.53)($28.79)
   
Shares outstanding (basic)   [+] 35.134.434.432.38.61.50.7
Shares outstanding (diluted)   [+] 35.134.434.432.38.61.50.7
   
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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