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Income Statement
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Eargo, Inc. (EAR)

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-KS-1/A
Revenues  37.232.169.232.823.26.6
            Revenue growth  16.0%-53.6%110.9%41.6%249.9% 
Cost of goods sold  23.028.021.915.811.44.5
Gross profit  14.34.247.317.011.72.2
            Gross margin  38.3%13.0%68.4%51.8%50.7%32.5%
Selling, general and administrative   [+]107.2135.670.148.233.815.0
Research and development  18.825.212.012.89.55.4
EBITDA   [+] -152.5-32.3-42.5-30.9-18.0
            EBITDA margin  -300.0%-474.8%-46.8%-129.6%-133.3%-271.4%
Depreciation   3.92.51.50.70.4
EBITA  -111.8-156.4-34.9-44.0-31.6-18.3
            EBITA margin  -300.0%-486.9%-50.4%-134.3%-136.3%-277.0%
Amortization of intangibles   0.3    
EBIT   [+]-111.8-156.7-34.9-44.0-31.6-18.3
            EBIT margin  -300.0%-487.8%-50.4%-134.3%-136.3%-277.0%
Interest expense, net   [+]-0.61.01.90.10.31.7
Other income (expense), net   [+]-46.3 -3.1-0.4-2.0-4.5
Pre-tax income  -157.4-157.8-39.9-44.5-33.8-24.6
Income taxes  0.10.00.00.00.00.0
            Tax rate   0.0%0.0%0.0%0.0%0.0%
Net income  -157.5-157.8-30.0-44.5-33.80.0
            Net margin  -422.8%-491.1%-43.4%-135.7%-145.9%0.0%
   
Basic EPS   [+]($39.68)($4.06)($3.80)($173.47)($149.69)$0.00
Diluted EPS   [+]($39.68)($4.06)($3.80)($173.47)($149.69)$0.00
   
Shares outstanding (basic)   [+]4.038.97.90.30.2220.7
Shares outstanding (diluted)   [+]4.038.97.90.30.2220.7
   
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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