Solid Power, Inc. [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	8-K	10-K	10-K	S-1
Revenues	11.8	2.7	2.1	2.3
Revenue growth	334.7%	29.0%	-7.6%
Cost of goods sold	9.6	3.1	1.7	1.8
Gross profit	2.2	-0.4	0.4	0.5
Gross margin	18.6%	-13.3%	20.6%	20.0%
Selling, general and administrative [+]	22.7	9.1	2.4	2.5
Sales and marketing	3.7	3.4	1.2	1.5
General and administrative	19.0	5.7	1.2
Other selling, general and administrative				0.9
Research and development	38.6	17.1	9.6	7.2
EBITDA [+]		-24.2	-9.5	-7.8
EBITDA growth	144.4%	153.9%	22.0%
EBITDA margin	-501.5%	-891.8%	-453.0%	-343.1%
Depreciation		2.4	2.1	1.4
EBITA	-59.1	-26.5	-11.6	-9.2
EBITA margin	-501.5%	-978.5%	-550.8%	-406.0%
Amortization of intangibles		0.0	0.0	0.0
EBIT [+]	-59.1	-26.5	-11.6	-9.2
EBIT growth	122.7%	129.0%	25.4%
EBIT margin	-501.5%	-978.8%	-551.3%	-406.3%
Interest income, net [+]	4.7	-0.3	-0.3	0.2
Interest expense	0.0	0.4	0.4	0.1
Interest income	4.7	0.1	0.0	0.2
Other income (expense), net [+]	44.7	45.0	-2.3
Gain (loss) on debt retirement			0.9
Change in fair value of warrants		51.2
Other		-3.6
Pre-tax income	-9.8	18.1	-14.3	-9.1
Income taxes	-0.2	0.0	0.1	0.1
Tax rate	2.3%
Net income	-9.6	12.7	-14.4	-12.3
Net margin	-81.1%	466.7%	-683.5%	-539.8%

Basic EPS [+]	($0.05)	$0.13	($0.21)	($1.71)
Growth	-141.3%	-163.8%	-87.8%
Diluted EPS [+]	($0.05)	$0.13	($0.21)	($1.71)
Growth	-141.3%	-163.8%	-87.8%

Shares outstanding (basic) [+]	174.4	95.5	69.2	7.2
Growth	82.6%	37.9%	861.4%
Shares outstanding (diluted) [+]	174.4	95.5	69.2	7.2
Growth	82.6%	37.9%	861.4%

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