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Income Statement
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Ocugen, Inc. (HSGX)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-05-19Dec-31-18Dec-05-18Dec-31-17
   10-K10-K10-K10-K8-K10-K8-K10-K
Revenues  0.00.00.00.08.10.010.30.0
            Revenue growth   -100.0%  -21.7%   
Cost of goods sold  0.00.00.00.014.20.016.10.0
Gross profit  0.00.00.00.0-6.10.0-5.80.0
            Gross margin    100.0% -75.2% -56.4% 
Selling, general and administrative   [+]35.122.98.06.16.15.85.89.4
Research and development  49.835.16.48.1 10.3 15.6
Other operating expenses      2.0 4.5 
EBITDA   [+]-84.4-57.8-14.2-14.1 -16.1 -23.4
            EBITDA margin    -32983.7% -175.2% -156.4% 
Depreciation and amortization  0.50.20.10.1 0.0 1.5
EBIT   [+]-84.9-58.0-14.3-14.2-14.2-16.1-16.1-25.0
            EBIT margin    -33220.9% -175.2% -156.4% 
Non-recurring items   [+]  7.0     
Interest expense, net   [+]  0.71.81.83.73.8-0.1
Other income (expense), net   [+]3.5-0.40.2-4.3-4.31.71.7-1.6
Pre-tax income  -81.4-58.4-21.8-20.2-20.2-18.2-18.2-26.4
Income taxes  0.0-0.10.00.00.00.00.00.0
            Tax rate  0.0%0.1%0.0%0.0%0.0%0.0%0.0%0.0%
Net income  -81.4-58.4-34.4-20.2-20.2-18.2-18.2-22.5
            Net margin    -79925.6% -250.4% -176.5% 
   
Basic EPS   [+]($0.38)($0.30)($0.31)($1.46)($1.46)($3.67)($3.67)($0.99)
Diluted EPS   [+]($0.38)($0.30)($0.31)($1.46)($1.46)($3.67)($3.67)($0.99)
   
Shares outstanding (basic)   [+]214.6195.0112.213.913.95.05.022.7
Shares outstanding (diluted)   [+]214.6195.0112.213.913.95.05.022.7
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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