PALTALK, INC. (PEER) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Subscription revenue	10.7	12.4	12.0	11.4	14.3	22.9	18.6	17.5
Advertising revenue							2.3	2.6
Other	0.3	0.9	0.9	3.9	6.0	1.9
Total revenues [+]	11.0	13.3	12.8	15.3	20.3	24.8	21.0	20.1
Subscription	10.7	12.4	12.0	11.4	14.3	22.9	18.6	17.5
Advertising							2.3	2.6
Revenue growth [+]	-17.2%	3.4%	-16.0%	-24.8%	-18.2%	18.4%	4.3%	48.4%
Subscription revenue	-13.8%	3.4%	4.9%	-20.4%	-37.4%	22.8%	6.4%	37.3%
Advertising revenue							-9.7%	228.4%
Cost of goods sold	7.9	45.2	2.6	3.2	3.6	4.9	5.0	5.1
Gross profit	3.1	-31.9	10.3	12.1	16.7	20.0	16.0	15.0
Gross margin	28.4%	-240.6%	79.9%	79.2%	82.2%	80.4%	76.1%	74.6%
Selling, general and administrative [+]	6.4	3.9	4.0	7.4	9.7	16.7	9.1	6.9
Sales and marketing	1.6	1.2	0.8	1.1	1.8	7.8	5.1	4.1
General and administrative [+]	4.8	2.7	3.2	6.3	7.9	8.9	4.0	2.8
Wages and related expenses	0.5
General and administrative expenses	4.3	2.7	3.2	6.3	7.9	8.9	4.0	2.8
Other selling, general and administrative
Research and development	5.9	5.4	5.0	6.6	6.6	8.9	8.6	8.6
Equity in earnings				-0.6
Other operating expenses	-5.6	-42.5
EBITDA [+]	-3.0	1.7	1.8	-1.9	2.4	-3.5	-0.3	0.5
EBITDA growth	-280.0%	-8.8%	-196.8%	-176.9%	-169.1%	933.5%	-173.4%	-129.8%
EBITDA margin	-27.1%	12.5%	14.1%	-12.3%	12.0%	-14.2%	-1.6%	2.3%
Depreciation	0.1	0.2	0.3	0.3	0.4	0.4	0.6	0.4
EBITA	-3.1	1.5	1.5	-2.2	2.1	-4.0	-0.9	0.1
EBITA margin	-27.8%	11.1%	11.6%	-14.6%	10.1%	-16.0%	-4.3%	0.4%
Amortization of intangibles	0.6	0.2	0.2	0.3	1.6	1.7	0.8	0.6
EBIT [+]	-3.7	1.3	1.2	-2.5	0.5	-5.7	-1.7	-0.5
EBIT growth	-384.2%	3.4%	-150.1%	-649.8%	-108.0%	224.6%	270.5%	-73.0%
EBIT margin	-33.2%	9.7%	9.7%	-16.2%	2.2%	-22.8%	-8.3%	-2.3%
Non-recurring items [+]	0.0	0.8		6.8
Asset impairment	0.0	0.8		6.8
Interest income, net [+]	0.1	0.0	0.0	0.2	0.1	0.0	-0.1
Interest expense							0.1
Interest income	0.1	0.0	0.0	0.2	0.1	0.0
Other income (expense), net [+]		0.8	0.1		-2.5	0.0	0.4	0.0
Unrealized gain (loss) on marketable securities			0.3
Gain (loss) on debt retirement		0.5
Pre-tax income	-3.6	1.3	1.4	-9.1	-2.0	-5.7	-1.5	-0.4
Income taxes	-0.2	0.0	0.0	-0.1	0.0	0.2	0.0	-0.2
Tax rate	4.8%	0.7%	0.0%	1.6%			0.0%	39.2%
Earnings from continuing ops	-3.4	1.3	1.4	-8.9	-2.0	-5.9	-1.5	-0.3
Earnings from discontinued ops				0.6	-1.8
Net income	-3.4	1.3	1.4	-8.4	-3.8	-5.9	-1.5	-0.3
Net margin	-31.0%	10.0%	10.7%	-54.8%	-18.7%	-23.7%	-6.9%	-1.3%

Basic EPS [+]	($0.35)	$0.17	$0.20	($1.30)	($0.30)	($0.91)	($0.26)	($0.05)
Growth	-307.6%	-14.4%	-115.3%	336.0%	-67.3%	250.7%	412.1%	20.2%
Diluted EPS [+]	($0.35)	$0.17	$0.20	($1.30)	($0.30)	($0.91)	($0.26)	($0.05)
Growth	-308.8%	-14.8%	-115.3%	336.0%	-67.3%	250.7%	412.1%	20.2%

Shares outstanding (basic) [+]	9.6	7.8	6.9	6.9	6.7	6.5	5.6	5.2
Growth	24.1%	12.8%	0.2%	2.3%	4.2%	15.7%	6.7%	-86.7%
Shares outstanding (diluted) [+]	9.6	7.8	6.9	6.9	6.7	6.5	5.6	5.2
Growth	23.4%	13.4%	0.2%	2.3%	4.2%	15.7%	6.7%	-86.7%

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