Morphic Holding, Inc. (MORF) [Rocket]

In millions, except per share items	Jun-30-23	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21	Dec-31-20
	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K
Revenues		75.3	18.9	19.8	16.1	38.8	42.6	44.9
Revenue growth		94.2%	-55.6%	-56.0%
Cost of goods sold		0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gross profit		75.3	18.9	19.8	16.1	38.8	42.6	44.9
Gross margin		100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Selling, general and administrative [+]		30.5	29.5	27.8	25.5	23.0	20.0	18.5
General and administrative		30.5	29.5	27.8	25.5	23.0	20.0	18.5
Research and development		96.7	95.6	87.8	82.9	77.9	73.3	73.6
EBITDA [+]		-51.0	-105.1	-94.8	-91.2	-61.1	-49.6	-46.1
EBITDA growth		-16.5%	112.0%	105.8%
EBITDA margin		-67.7%	-556.0%	-478.8%	-565.2%	-157.5%	-116.4%	-102.5%
Depreciation and amortization		1.0	1.0	1.0	1.0	1.1	1.1	1.1
EBIT [+]		-52.0	-106.2	-95.8	-92.2	-62.1	-50.7	-47.2
EBIT growth		-16.3%	109.5%	103.1%
EBIT margin		-69.0%	-561.5%	-484.0%	-571.6%	-160.2%	-119.0%	-105.0%
Interest income		0.9	0.4	0.3	0.2	0.4	0.8	1.6
Interest income		0.9	0.4	0.3	0.2	0.4	0.8	1.6
Other income (expense), net [+]		0.0	0.0	0.0		0.0	0.0	0.0
Other		0.0	0.0	0.0		0.0	0.4	1.3
Pre-tax income		-51.1	-105.7	-95.5	-92.0	-61.8	-50.0	-45.6
Income taxes		0.0	0.0	0.0	-0.1	-0.3	-0.4	-0.6
Tax rate		0.0%	0.0%	0.0%	0.2%	0.4%	0.8%	1.3%
Net income		-51.1	-105.7	-95.5	-91.9	-61.5	-49.5	-45.0
Net margin		-67.8%	-559.2%	-482.7%	-569.4%	-158.6%	-116.2%	-100.1%

Basic EPS [+]		($1.38)	($2.90)	($2.69)	($2.69)	($1.88)	($1.58)	($1.48)
Growth		-26.4%	83.2%	81.9%
Diluted EPS [+]		($1.37)	($2.90)	($2.69)	($2.69)	($1.85)	($1.56)	($1.46)
Growth		-26.0%	85.9%	84.6%


Shares outstanding (basic) [+]		36.9	36.4	35.5	34.2	32.7	31.3	30.4
Growth		12.9%	16.5%	16.7%
Shares outstanding (diluted) [+]		37.3	36.4	35.5	34.2	33.2	31.7	30.9
Growth		12.3%	14.8%	15.0%

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