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SmartRent, Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21Mar-31-21
   10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q
Revenues:  
    UNITED STATES  52.664.941.936.4  21.1 
    U S       34.2 18.7
    Non-US  0.80.10.50.9  0.6 
    Non Us       0.9 0.4
Total revenues  53.465.142.437.434.735.121.719.2
            Revenue growth   [+]25.9%74.2%95.6%95.0%154.9%111.8%274.3% 
Cost of goods sold  43.556.041.442.182.941.90.00.0
Gross profit  9.99.11.0-4.7-48.2-6.821.719.2
            Gross margin  18.5%14.0%2.3%-12.7%-139.1%-19.3%100.0%100.0%
Selling, general and administrative   [+]15.417.220.017.110.812.92.41.8
Research and development  6.57.28.06.414.16.9  
Other operating expenses      -167.8 7.97.1
EBITDA   [+]-10.7-14.0-25.8-27.995.0-26.411.510.4
            EBITDA margin  -20.1%-21.6%-60.8%-74.7%273.9%-75.1%53.0%54.5%
Depreciation  0.40.30.20.20.20.10.10.1
EBITA  -11.1-14.3-26.0-28.194.8-26.511.410.4
            EBITA margin  -20.8%-22.0%-61.2%-75.2%273.5%-75.5%52.6%54.1%
Amortization of intangibles  1.01.01.10.2    
EBIT   [+]-12.1-15.3-27.0-28.394.8-26.511.410.4
            EBIT margin  -22.6%-23.5%-63.7%-75.8%273.5%-75.5%52.6%54.1%
Interest income, net   [+]1.82.00.30.0-0.2-0.1  
Other income (expense), net   [+]-0.10.10.20.1-120.6-0.1-21.4-19.6
Pre-tax income  -10.3-13.2-26.6-28.2-26.0-26.6-10.0-9.2
Income taxes  0.00.0-1.0-4.80.00.00.00.0
            Tax rate   0.1%3.8%17.0%0.1%   
Net income  -10.3-13.2-25.6-23.4-26.0-26.7-10.1-9.3
            Net margin  -19.4%-20.3%-60.3%-62.6%-74.9%-76.0%-46.4%-48.4%
   
Basic EPS   [+]($0.05)($0.07)($0.13)($0.12)($0.35)($0.31)($4.87)($0.99)
Diluted EPS   [+]($0.05)($0.07)($0.13)($0.12)($0.35)($0.31)($4.87)($0.99)
   
Shares outstanding (basic)   [+]199.6198.3195.7193.174.785.32.19.4
Shares outstanding (diluted)   [+]199.6198.3195.7193.174.785.32.19.4
   
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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