Lordstown Motors Corp. (RIDE) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K	10-K
Revenues	0.2	0.0	0.0	0.0
Cost of goods sold	30.0	0.0	0.0	0.0
Gross profit	-29.8	0.0	0.0	0.0
Gross margin	-15375.8%
Selling, general and administrative [+]	138.3	105.4	31.3	0.6
Sales and marketing	138.3	105.4	31.3
General and administrative				0.6
Research and development	107.8	284.0	71.0
Other operating expenses	-100.9
EBITDA [+]		-378.3
EBITDA growth	-53.7%	269.8%	16434.4%
EBITDA margin	-90210.8%
Depreciation		11.1
EBITA	-175.0	-389.4	-102.3	-0.6
EBITA margin	-90210.8%
Amortization of intangibles		11.1
EBIT [+]	-175.0	-400.5	-102.3	-0.6
EBIT growth	-56.3%	291.5%	16434.4%
EBIT margin	-90210.8%
Non-recurring items [+]	212.3
Asset impairment	111.4
Loss (gain) on sale of assets	100.9
Interest income, net [+]	3.2	0.2	-0.9
Interest expense			0.9
Interest income	3.2	0.2
Other income (expense), net [+]	101.7	-10.1	-20.9	4.5
Other	0.8	-10.1	-20.9
Pre-tax income	-282.4	-410.4	-124.1	3.9
Income taxes	0.0	0.0	0.0	0.9
Tax rate	0.0%	0.0%	0.0%	23.2%
Net income	-282.7	-410.4	-124.1	3.0
Net margin	-145703.6%

Basic EPS [+]	($1.35)	($2.27)	($1.28)
Growth	-40.3%	77.0%
Diluted EPS [+]	($1.35)	($2.27)	($1.28)
Growth	-40.3%	77.0%

Shares outstanding (basic) [+]	208.7	180.7	96.7
Growth	15.5%	86.9%
Shares outstanding (diluted) [+]	208.7	180.7	96.7
Growth	15.5%	86.9%

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