BRC Inc. [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	301.3	233.1	163.9	82.1
Revenue growth	29.3%	42.2%	99.6%
Cost of goods sold	202.1	143.4	94.5	46.4
Gross profit	99.2	89.7	69.4	35.7
Gross margin	32.9%	38.5%	42.3%	43.5%
Selling, general and administrative [+]	166.9	101.3	63.6	35.8
Sales and marketing	38.2	36.4	25.5	13.3
General and administrative [+]	128.8	64.9	38.1	22.5
Wages and related expenses	64.3	38.7	24.2	13.1
General and administrative expenses	64.5	26.2	13.9	9.3
EBITDA [+]	-63.4	-8.7	7.2	0.8
EBITDA growth	629.8%	-221.4%	775.8%
EBITDA margin	-21.0%	-3.7%	4.4%	1.0%
Depreciation and amortization	4.4	2.9	1.4	0.9
EBIT [+]	-67.8	-11.6	5.8	-0.1
EBIT growth	485.2%	-300.3%	-5082.8%
EBIT margin	-22.5%	-5.0%	3.5%	-0.1%
Interest expense	1.6	2.0	1.0	0.7
Interest expense	1.6	2.0	1.0	0.7
Other income (expense), net [+]	-268.3	-0.1	-0.2	0.1
Gain (loss) on derivative instruments	-2.3
Unrealized gain/loss on derivatives	-56.7
Change in fair value of warrants	-56.7
Other	0.3	-0.1	-0.2	0.1
Pre-tax income	-337.7	-13.7	4.5	-0.8
Income taxes	0.4	0.2	0.2	0.0
Tax rate			4.1%
Minority interest	-255.1
Net income	-82.9	-13.8	4.3	-0.8
Net margin	-27.5%	-5.9%	2.6%	-0.9%

Basic EPS [+]	($1.62)	($1.64)
Growth	-1.4%
Diluted EPS [+]	($1.62)	($1.64)
Growth	-1.4%

Dividends per share [+]		$0.83
Growth	-100.0%

Shares outstanding (basic) [+]	51.2	8.4
Growth	507.2%
Shares outstanding (diluted) [+]	51.2	8.4
Growth	507.2%

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