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89bio, Inc. (ETNB)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19
   8-K10-K10-K10-K
Revenues  80.80.00.00.0
Cost of goods sold  102.20.00.00.0
Gross profit  -21.50.00.00.0
            Gross margin  -26.6%   
Selling, general and administrative   [+]21.519.413.25.3
Research and development   70.336.221.3
Other operating expenses  -145.2   
EBITDA   [+] -89.7-49.3-26.6
            EBITDA margin  126.6%   
Depreciation and amortization   0.10.10.0
EBIT   [+]102.2-89.7-49.4-26.6
            EBIT margin  126.6%   
Other income (expense), net  -0.2-0.5-0.2-30.6
Pre-tax income  102.0-90.3-49.6-57.2
Income taxes  0.0-0.1-0.10.2
            Tax rate   0.2%0.1% 
Net income  102.0-90.1-49.5-57.4
            Net margin  126.3%   
   
Basic EPS   [+]$2.93($4.48)($3.08)($24.49)
Diluted EPS   [+]$2.93($4.48)($3.08)($24.49)
   
Shares outstanding (basic)   [+]34.820.116.12.3
Shares outstanding (diluted)   [+]34.820.116.12.3
   
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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