GLORY STAR NEW MEDIA GROUP HOLDINGS Ltd (GSMG) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18
	S-1/A	S-1/A	S-1/A	20-F	8-K
Revenues	157.2	153.0	123.8	65.8	56.4
Revenue growth	2.8%	23.6%		16.7%
Cost of goods sold	40.6	34.9	38.5	31.9	35.8
Gross profit	116.6	118.1	85.3	33.9	20.6
Gross margin	74.2%	77.2%	68.9%	51.5%	36.5%
Selling, general and administrative [+]	88.4	80.9	49.0	6.3	6.3
Sales and marketing	82.5	77.5	43.5	3.2	3.3
General and administrative	5.9	3.3	5.5	3.1	3.0
Research and development	1.3	0.9	0.7	0.7	0.5
Other operating expenses	0.1	0.0	4.9
EBITDA [+]	29.6	38.4	33.6	27.6
EBITDA growth	-22.8%	14.3%	-1527.9%	99.8%
EBITDA margin	18.8%	25.1%	27.1%	41.9%	24.5%
Depreciation	0.1	0.1	0.2	0.2
EBITA	29.5	38.3	33.4	27.4	13.8
EBITA margin	18.8%	25.0%	27.0%	41.6%	24.5%
Amortization of intangibles	2.8	2.0	2.8	0.5
EBIT [+]	26.7	36.3	30.7	26.8	13.8
EBIT growth	-26.3%	18.3%	-1404.1%	94.4%
EBIT margin	17.0%	23.7%	24.8%	40.8%	24.5%
Interest expense	0.1	0.5	0.3	0.3	0.5
Interest expense	0.1	0.5	0.3	0.3	0.5
Other income (expense), net [+]	0.2	0.6	20.2	0.1	0.3
Other	0.3	-0.3	0.5	0.1	0.3
Pre-tax income	26.9	36.3	50.6	26.6	13.6
Income taxes	0.4	1.0	1.7	0.2	-0.1
Tax rate	1.5%	2.7%	3.3%	0.7%
Net income	26.4	35.4	49.0	26.4	13.7
Net margin	16.8%	23.1%	39.6%	40.1%	24.3%

Basic EPS [+]	$0.39	$0.54	$0.91	$0.64	$2.08
Growth	-28.2%	-40.5%	92.8%	-69.2%
Diluted EPS [+]	$0.39	$0.54	$0.83	$0.57	$2.08
Growth	-28.2%	-34.7%	75.6%	-72.7%

Shares outstanding (basic) [+]	68.1	65.4	53.8	41.2	6.6
Growth	4.2%	21.4%	674.5%	526.9%
Shares outstanding (diluted) [+]	68.1	65.4	59.1	46.5	6.6
Growth	4.2%	10.6%	750.4%	607.3%

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