Marpai, Inc. [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K/A	10-K/A	10-K	S-1/A
Total revenues	24.3	14.2	0.0
Revenue growth	71.1%
Cost of goods sold	18.1	10.9	0.0
Gross profit	6.2	3.3	0.0
Gross margin	25.4%	23.5%
Selling, general and administrative [+]	25.6	15.5	1.5
Sales and marketing	6.9	5.0	0.0
General and administrative	18.7	10.5	1.5
Research and development	3.7	1.7	1.8
Other operating expenses	-0.3
EBITDA [+]	-22.9	-13.9	-3.3
EBITDA growth	64.6%	322.0%
EBITDA margin	-94.0%	-97.7%
Depreciation	2.7	1.4	0.1
EBITA	-25.6	-15.3	-3.4
EBITA margin	-105.1%	-107.4%
Amortization of intangibles	0.8	0.6
EBIT [+]	-26.4	-15.9	-3.4
EBIT growth	66.5%	371.0%
EBIT margin	-108.5%	-111.5%
Non-recurring items [+]	0.5
Loss (gain) on sale of assets	0.3
Interest expense	0.3	0.4	0.5
Interest expense	0.3	0.4	0.5
Other income (expense), net [+]	0.2	0.2	0.0
Gain (loss) on foreign currency transactions	0.0	0.0	0.0
Other	0.2	0.2	0.0
Pre-tax income	-27.0	-16.1	-3.9
Income taxes	-0.5	-0.2	0.0
Tax rate	1.9%	0.9%	0.0%
Net income	-26.5	-16.0	-3.9
Net margin	-108.7%	-112.4%

Basic EPS [+]	($1.31)	($1.59)	($1.59)
Growth	-17.6%	-0.4%
Diluted EPS [+]	($1.31)	($1.59)	($1.59)
Growth	-17.6%	-0.4%

Shares outstanding (basic) [+]	20.2	10.1	2.4
Growth	100.9%	314.9%
Shares outstanding (diluted) [+]	20.2	10.1	2.4
Growth	100.9%	314.9%

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