Laird Superfood, Inc. (LSF) [Rocket]

In millions, except per share items	Jun-30-23	Jun-05-23	Dec-31-22	Dec-05-22	Sep-05-22	Jun-30-22	Jun-05-22	Mar-31-22
	10-Q	8-K	10-K	8-K	8-K	10-Q	8-K	10-K
Total revenues			35.8			38.2		38.8
Revenue growth			-2.8%			21.8%		39.4%
Cost of goods sold			40.8			30.9		30.0
Gross profit			-5.0			7.4		8.8
Gross margin			-14.0%			19.3%		22.7%
Selling, general and administrative [+]			83.1			49.9		51.3
Sales and marketing			22.6			14.3		14.0
General and administrative [+]			61.8			37.1		38.8
General and administrative expenses			43.8			23.1		24.6
Other selling, general and administrative			-1.3
Research and development			0.4			0.9		1.8
Other operating expenses			-55.1			-12.8
EBITDA [+]			-32.3			-29.5
EBITDA growth			39.5%			54.4%		101.3%
EBITDA margin			-90.1%			-77.1%		-81.8%
Depreciation			1.0			1.3
EBITA			-33.2			-30.7		-32.6
EBITA margin			-92.7%			-80.4%		-84.0%
Amortization of intangibles			0.2			-0.1
EBIT [+]			-33.5			-30.6		-32.6
EBIT growth			39.7%			55.1%		100.3%
EBIT margin			-93.4%			-80.1%		-84.0%
Non-recurring items [+]			6.9			0.6
Asset impairment			6.9			0.6
Other income (expense), net			0.0			-0.1		-0.2
Pre-tax income			-40.3			-31.3		-32.7
Income taxes			-0.1			-0.1		-0.1
Tax rate						0.3%		0.2%
Net income			-26.2			-17.1		-18.5
Net margin			-73.1%			-44.8%		-47.8%

Basic EPS [+]			($3.82)			($1.89)		($2.05)
Growth			7.8%			-34.1%		-32.6%
Diluted EPS [+]			($3.82)			($1.89)		($2.05)
Growth			7.8%			-34.1%		-32.6%

Shares outstanding (basic) [+]			6.9			9.1		9.0
Growth			1.8%			29.3%		54.2%
Shares outstanding (diluted) [+]			6.9			9.1		9.0
Growth			1.8%			29.3%		54.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.