KORE Group Holdings, 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	10-K
Total revenues [+]	268.4	248.2	213.8	169.2
Products	79.5
Services	189.0
Revenue growth	8.2%	16.1%	26.4%
Cost of goods sold [+]	129.2	122.2	97.9	63.7
Cost of product sales	61.9
Cost of services	67.3
Gross profit	139.3	126.0	115.8	105.5
Gross margin	51.9%	50.8%	54.2%	62.4%
Selling, general and administrative	112.2	91.7	72.9	65.3
EBITDA [+]	27.1	34.3	42.9	40.2
EBITDA growth	-21.0%	-20.2%	6.9%
EBITDA margin	10.1%	13.8%	20.1%	23.8%
Depreciation	54.5	3.7	4.5	4.7
EBITA	-27.4	30.5	38.5	35.5
EBITA margin	-10.2%	12.3%	18.0%	21.0%
Amortization of intangibles		46.7	48.0	43.4
EBIT [+]	-27.4	-16.2	-9.5	-7.9
EBIT growth	69.8%	69.3%	20.1%
EBIT margin	-10.2%	-6.5%	-4.5%	-4.7%
Non-recurring items [+]	56.9			3.9
Asset impairment	56.9			3.9
Interest expense		23.3	23.5	24.8
Interest expense		23.3	23.5	24.8
Other income (expense), net [+]	-31.1	5.3	-7.5	0.2
Change in fair value of warrants		-5.3	7.5	-0.2
Pre-tax income	-115.4	-34.1	-40.5	-36.4
Income taxes	-10.0	-9.7	-5.3	-12.9
Tax rate	8.7%	28.4%	13.1%	35.6%
Net income	-105.4	-24.5	-35.2	-23.4
Net margin	-39.3%	-9.9%	-16.5%	-13.9%

Basic EPS [+]	($1.39)	($0.58)	($1.11)	($0.75)
Growth	138.8%	-47.6%	47.9%
Diluted EPS [+]	($1.39)	($0.58)	($1.11)	($0.75)
Growth	138.8%	-47.6%	47.9%

Shares outstanding (basic) [+]	75.7	41.9	31.7	31.2
Growth	80.6%	32.5%	1.5%
Shares outstanding (diluted) [+]	75.7	41.9	31.7	31.2
Growth	80.6%	32.5%	1.5%

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