CuriosityStream Inc. (SAQNU) [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:
Germany			1.1
United States			31.1
Other			7.4
Total revenues	0.3	3.0	39.6	18.0
Revenue growth	-90.0%	-92.4%	119.8%
Cost of goods sold	51.5	36.7	15.4	6.8
Gross profit	-51.2	-33.7	24.2	11.2
Gross margin	-17078.7%	-1122.4%	61.1%	62.2%
Selling, general and administrative [+]	78.2	87.1	63.6	55.7
Sales and marketing	40.7	52.2	42.2	41.6
General and administrative	37.5	34.9	21.4	14.0
Other operating expenses	-77.7	-68.3	-0.6
EBITDA [+]	-11.7	-24.0	-38.4	-44.3
EBITDA growth	-51.3%	-37.6%	-13.3%
EBITDA margin	-3897.0%	-799.5%	-96.9%	-245.8%
Depreciation	0.7	0.6	0.4	0.1
EBITA	-12.4	-24.6	-38.8	-44.4
EBITA margin	-4130.0%	-819.9%	-97.9%	-246.6%
Amortization of intangibles	39.3	27.9
EBIT [+]	-51.7	-52.5	-38.8	-44.4
EBIT growth	-1.5%	35.3%	-12.7%
EBIT margin	-17227.0%	-1749.3%	-97.9%	-246.6%
Non-recurring items [+]	3.6
Asset impairment	3.6
Interest income	0.2	0.5	0.5	2.1
Interest income	0.2	0.5	0.5	2.1
Other income (expense), net [+]	4.6	14.7	-10.1
Gain (loss) on derivative instruments			-13.8
Change in fair value of warrants	5.4	15.2
Pre-tax income	-50.6	-37.3	-48.4	-42.4
Income taxes	0.4	0.4	0.2	0.1
Net income	-50.9	-37.6	-62.4	-58.4
Net margin	-16972.3%	-1254.5%	-157.5%	-324.1%

Basic EPS [+]	($0.96)	($0.73)	($3.30)	($4.44)
Growth	31.9%	-77.8%	-25.7%
Diluted EPS [+]	($0.96)	($0.73)	($3.30)	($4.44)
Growth	32.7%	-77.9%	-25.7%

Shares outstanding (basic) [+]	52.8	51.5	18.9	13.2
Growth	2.5%	171.9%	43.8%
Shares outstanding (diluted) [+]	52.8	51.8	18.9	13.2
Growth	1.9%	173.6%	43.8%

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