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CarLotz, Inc. (LOTZ)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-KS-1/A
Revenues  258.5118.6102.558.4
            Revenue growth  117.9%15.7%75.6% 
Cost of goods sold  247.9107.493.852.7
Gross profit  10.611.38.75.6
            Gross margin  4.1%9.5%8.5%9.7%
Selling, general and administrative  93.117.518.211.7
Other operating expenses  117.71.20.40.3
EBITDA   [+]-200.3-7.6-10.1-6.3
            EBITDA margin  -77.5%-6.4%-9.8%-10.7%
Depreciation and amortization  3.30.20.30.3
EBIT   [+]-203.6-7.8-10.4-6.6
            EBIT margin  -78.7%-6.5%-10.1%-11.3%
Non-recurring items   [+]-66.5-0.9  
Interest expense  1.60.50.70.5
Other income (expense), net   [+]98.80.8-1.70.5
Pre-tax income  -39.9-6.5-12.7-6.6
Income taxes  0.00.00.00.0
Net income  -39.9-6.6-12.7-7.6
            Net margin  -15.4%-5.5%-12.4%-13.0%
   
Basic EPS   [+]($0.36)($0.11)($0.22)($2.04)
Diluted EPS   [+]($0.36)($0.11)($0.22)($2.04)
   
Dividends per share  $0.04   
   
Shares outstanding (basic)   [+]110.658.656.53.7
Shares outstanding (diluted)   [+]110.658.656.53.7
   
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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