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Clever Leaves Holdings Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19
   10-K10-K10-K/A
Revenue, net  15.412.17.8
            Revenue, net growth  26.9%54.7% 
Cost of sales  -8.6-4.7-4.7
    Gross profit  6.87.43.1
            Gross margin  44.3%61.2%39.6%
   
Expenses     
General and administrative  38.428.835.0
Sales and marketing  3.82.63.2
Research and development  1.51.0 
Depreciation and amortization  1.81.91.5
    Total expenses  142.687.096.6
    Loss from operations  -57.2-28.5-36.5
            Operating margin  -372.1%-235.4%-466.4%
   
Other Expense (Income), net     
Interest and amortization of debt issuance cost  6.84.5-2.7
Gain on investment   0.50.8
Loss on debt extinguishment, net  -3.32.43.4
Foreign exchange loss  1.30.51.6
Other (income) expense, net  0.50.3-0.5
Total other expenses (income), net  -12.5-2.69.3
    Loss (income) before income taxes and equity investment loss  -44.7-25.9-45.9
Equity investment share of loss  0.10.0-0.1
    Net loss  -45.7-25.9-39.5
   
Net loss per share:     
   
    Net loss per share - basic (USD per share)  ($1.78)($3.34)($5.06)
    Net loss per share - diluted (USD per share)  ($1.78)($3.34) 
   
Weighted-average common shares outstanding - basic (in shares)  25.710.87.8
Weighted-average common shares outstanding - diluted (in shares)  25.710.8 

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