DRONE AVIATION HOLDING CORP. [Rocket]

In millions, except per share items	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12
Revenues	4.7	2.7	0.6	1.5	0.5	0.9	0.8	2.4
Revenue growth	73.1%	384.4%	-61.7%	211.0%	-45.0%	1.3%	-65.2%	73.3%
Cost of goods sold	3.0	2.2	0.3	0.6	0.3	0.7	0.5	1.0
Gross profit	1.7	0.5	0.2	0.9	0.2	0.2	0.3	1.4
Gross margin	36.5%	18.7%	39.8%	62.0%	40.1%	21.3%	39.6%	57.7%
Selling, general and administrative
Sales and marketing	0.0
Research and development	0.2
General and administrative	14.3	8.6	10.1	9.7	9.2	1.9	0.3	1.4
EBITA	-13.4	-7.8	-9.6	-8.7	-8.9	-1.7	0.0	-0.1
EBITA margin	-284.5%	-287.9%	-1699.8%	-589.1%	-1892.6%	-197.0%	3.7%	-5.5%
Amortization of intangibles	6.9	0.3	0.3	0.2	0.0	0.0
EBIT	-20.4	-8.1	-9.8	-8.8	-9.0	-1.7	0.0	-0.1
EBIT margin	-431.9%	-298.6%	-1751.8%	-600.7%	-1900.7%	-200.7%	3.7%	-5.5%
Pre-tax income	-31.7	-8.5	-10.3	-8.5	-9.0	0.0	0.0	-6.1
Income taxes	-4.1	0.0	0.0	0.0	0.0	0.0	0.0	2.2
Tax rate	13.1%	0.0%	0.0%	0.0%	0.0%	12.2%	0.0%
Earnings from continuing ops	-27.5	-8.5	-10.3	-8.5	-9.1	-2.3	0.0	-6.1
Earnings from discontinued ops								-2.2
Net income	-27.5	-8.5	-10.3	-8.5	-9.1	-2.3	0.0	-8.3
Net margin	-584.6%	-311.3%	-1836.8%	-581.1%	-1918.0%	-269.9%	3.6%	-339.4%

Diluted EPS	($0.57)	($0.89)	($1.15)	($1.23)	($4.45)	($5.87)	$0.00	($0.04)
Shares outstanding (diluted)	48.7	9.5	9.0	6.9	2.0	0.4	185.9	163.4

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