DRONE AVIATION HOLDING CORP. [Rocket]

In millions, except per share items	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11
Revenues	2.7	0.6	1.5	0.5	0.9	0.8	2.4	1.4
Revenue growth	384.4%	-61.7%	211.0%	-45.0%	1.3%	-65.2%	73.3%	120.2%
Cost of goods sold	2.2	0.3	0.6	0.3	0.7	0.5	1.0	1.2
Gross profit	0.5	0.2	0.9	0.2	0.2	0.3	1.4	0.2
Gross margin	18.7%	39.8%	62.0%	40.1%	21.3%	39.6%	57.7%	17.5%
Selling, general and administrative
Sales and marketing								0.3
General and administrative	8.6	10.1	9.7	9.2	1.9	0.3	1.4	1.5
EBITA	-7.8	-9.6	-8.7	-8.9	-1.7	0.0	-0.1	-1.3
EBITA margin	-287.9%	-1699.8%	-589.1%	-1892.6%	-197.0%	3.7%	-5.5%	-93.5%
Amortization of intangibles	0.3	0.3	0.2	0.0	0.0
EBIT	-8.1	-9.8	-8.8	-9.0	-1.7	0.0	-0.1	-1.3
EBIT margin	-298.6%	-1751.8%	-600.7%	-1900.7%	-200.7%	3.7%	-5.5%	-93.5%
Pre-tax income	-8.5	-10.3	-8.5	-9.0	0.0	0.0	-6.1	-1.6
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0	2.2	1.0
Tax rate	0.0%	0.0%	0.0%	0.0%	12.2%	0.0%
Earnings from continuing ops	-8.5	-10.3	-8.5	-9.1	-2.3	0.0	-6.1	-2.5
Earnings from discontinued ops							-2.2
Net income	-8.5	-10.3	-8.5	-9.1	-2.3	0.0	-8.3	-2.5
Net margin	-311.3%	-1836.8%	-581.1%	-1918.0%	-269.9%	3.6%	-339.4%	-180.5%

Diluted EPS	($0.89)	($1.15)	($1.23)	($4.45)	($5.87)	$0.00	($0.04)	($0.02)
Shares outstanding (diluted)	9.5	9.0	6.9	2.0	0.4	185.9	163.4	108.4

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