Goodness Growth Holdings, Inc. (GDNSF) [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	74.6	54.4	49.2	30.0
Revenue growth	37.1%	10.6%	64.3%
Cost of goods sold	56.4	48.2	43.8	21.8
Gross profit	18.2	6.2	5.4	8.2
Gross margin	24.4%	11.4%	11.1%	27.4%
Selling, general and administrative [+]	41.2	42.0	31.7	25.0
Sales and marketing	33.8	33.7	26.4
General and administrative	7.4	8.4	5.4
Other selling, general and administrative	33.8	33.7	26.4
Other operating expenses	-8.5	-17.7	-23.9	65.2
EBITDA [+]	-13.9	-17.3	-2.4	-81.1
EBITDA growth	-19.8%	623.9%	-97.1%
EBITDA margin	-18.6%	-31.8%	-4.9%	-270.9%
Depreciation	0.7	0.6	0.4	1.4
EBITA	-14.5	-17.9	-2.8	-82.5
EBITA margin	-19.5%	-32.9%	-5.7%	-275.4%
Amortization of intangibles	0.7	0.8		0.9
EBIT [+]	-15.2	-18.7	-2.8	-83.4
EBIT growth	-18.9%	568.7%	-96.6%
EBIT margin	-20.4%	-34.4%	-5.7%	-278.3%
Non-recurring items [+]	-8.3	1.7	20.2	-28.3
Asset impairment	-8.6	-5.2		-28.3
Loss (gain) on sale of assets	0.3	6.9	0.0
Loss (gain) on disposal of assets			20.3
Interest expense	22.6	10.6	5.1
Interest expense	22.6	10.6	5.1
Other income (expense), net [+]	-7.0	1.5	14.0	-1.8
Gain (loss) on derivative instruments			-6.3
Other	1.2	-0.2	0.0	-1.8
Pre-tax income	-36.6	-29.6	-14.2	-56.9
Income taxes	-0.2	-1.3	8.8	0.0
Tax rate	0.5%	4.5%		0.0%
Net income	-42.5	-33.7	-22.9	0.0
Net margin	-56.9%	-61.9%	-46.6%	0.0%

Basic EPS [+]	($0.33)	($0.27)	($0.24)	$0.00
Growth	21.8%	15.7%
Diluted EPS [+]	($0.33)	($0.27)	($0.24)	$0.00
Growth	21.8%	15.7%

Shares outstanding (basic) [+]	128.1	123.8	97.6	80,822.1
Growth	3.5%	26.9%	-99.9%
Shares outstanding (diluted) [+]	128.1	123.8	97.6	80,822.1
Growth	3.5%	26.9%	-99.9%

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