Inspired Entertainment, Inc. (INSE) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Sep-30-18	Sep-30-17	Sep-24-16
	10-K	10-K	10-K	10-K	8-K	10-K/A	10-K	10-K
Revenues:
Server Based Gaming						103.6	89.1	86.5
Virtual Sports	55.1	36.0	32.4	33.4		37.8	33.4	33.3
Other	230.3	172.9	167.4	120.0
Total revenues [+]	285.4	208.9	199.8	153.4	140.7	141.4	122.5	119.8
Products								7.6
Services					130.6			112.2
Net interest income				12.3
Revenue growth [+]	36.6%	4.6%	30.2%	9.0%		15.4%	2.3%	-6.1%
Server Based Gaming						16.2%	3.0%	-13.8%
Virtual Sports	53.1%	11.1%	-3.0%			13.1%	0.4%	22.4%
Cost of goods sold [+]	49.3	34.3	30.1	25.4	-31.3	-30.8	53.7	-20.4
Cost of product sales	22.7	16.4	14.4	12.9				-3.8
Cost of services					-23.4			-16.6
Gross profit	236.1	174.6	169.7	128.0	172.0	172.2	68.8	140.2
Gross margin	82.7%	83.6%	84.9%	83.4%	122.2%	121.8%	56.1%	117.0%
Selling, general and administrative [+]	126.4	110.2	89.6	79.4	59.0	60.1	58.3	60.7
General and administrative	126.4	110.2	89.6	79.4
Equity in earnings			-0.5	-0.1
Other operating expenses	22.7	16.4	14.4	12.9	76.4	69.0		50.7
EBITDA [+]	87.0	48.0	65.2	35.6	36.6	43.1	10.5	28.8
EBITDA growth	81.3%	-26.4%	83.1%	-2.7%		310.4%	-63.5%	-23.5%
EBITDA margin	30.5%	23.0%	32.6%	23.2%	26.0%	30.5%	8.6%	24.0%
Depreciation	36.0	46.1	49.9	38.5	41.9	38.4	30.6	31.4
EBITA	51.0	1.9	15.3	-2.9	-5.3	4.7	-20.1	-2.6
EBITA margin	17.9%	0.9%	7.7%	-1.9%	-3.8%	3.3%	-16.4%	-2.2%
Amortization of intangibles	1.6	0.9	2.4	3.5		3.4	3.2	3.6
EBIT [+]	49.4	1.0	12.9	-6.4	-5.3	1.3	-23.3	-6.2
EBIT growth	4840.0%	-92.2%	-301.6%	20.8%		-105.6%	273.4%	248.1%
EBIT margin	17.3%	0.5%	6.5%	-4.2%	-3.8%	0.9%	-19.0%	-5.2%
Non-recurring items [+]	0.5	1.6	7.0	6.7		8.6	-11.4	-5.0
Asset impairment						7.7
Interest expense, net [+]	25.4	44.3	30.0	27.7	19.6	20.4	29.3	58.0
Interest expense	25.4	44.3	30.0	27.7	19.8	20.6	29.4	58.3
Interest income					0.2	0.2	0.1	0.3
Other income (expense), net [+]	2.0	6.6	-7.9	-0.2	4.0	41.2	-7.7	-0.2
Gain (loss) on derivative instruments				3.0		-5.5	-0.4
Unrealized gain/loss on derivatives		0.9	-3.2	-4.1	-4.9
Gain (loss) on foreign currency transactions					-0.1
Other non-ooperating expenses								-0.2
Other	1.1	5.7	-4.7	3.2		4.1	-0.2
Pre-tax income	25.5	-38.3	-32.0	-41.0	-20.9	13.5	-48.9	-59.6
Income taxes	3.2	-1.6	0.4	0.1	0.2	0.2	0.2	0.3
Tax rate	12.5%	4.2%				1.5%
Net income	22.3	-36.7	-32.4	-41.1	-21.1	13.3	-49.1	-59.9
Net margin	7.8%	-17.6%	-16.2%	-26.8%	-15.0%	9.4%	-40.1%	-50.0%

Basic EPS [+]	$0.84	($1.60)	($1.45)	($1.88)	($1.01)	$0.64	($2.68)	($5.11)
Growth	-152.6%	10.8%	-22.9%	85.9%		-123.9%	-47.4%	-2.3%
Diluted EPS [+]	$0.77	($1.60)	($1.45)	($1.88)	($1.01)	$0.59	($2.68)	($5.11)
Growth	-147.9%	10.8%	-22.9%	85.9%		-122.0%	-47.4%	-2.3%

Shares outstanding (basic) [+]	26.4	22.9	22.4	21.9	20.9	20.8	18.3	11.7
Growth	15.5%	2.2%	2.3%	4.8%		13.4%	56.1%	2.4%
Shares outstanding (diluted) [+]	29.0	22.9	22.4	21.9	20.9	22.5	18.3	11.7
Growth	26.8%	2.2%	2.3%	4.8%		23.2%	56.1%	2.4%

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