Reservoir Media, Inc. [Rocket]

In millions, except per share items	Mar-31-23	Mar-31-22	Mar-31-21	Dec-31-20	Mar-31-20
	10-K	10-K	10-K	10-K	10-K
Revenues:
Single Customer	12.2	11.9	9.6
Other	3.6	1.3	1.1
Music Publishing	83.8	77.1	66.1
United States	72.7	57.0	39.7
Total revenues	122.3	107.8	80.2	0.0	62.5
Revenue growth [+]	13.4%	34.4%	28.5%
Single Customer	3.1%	23.2%
Other	188.2%	15.2%
Music Publishing	8.8%	16.6%
United States	27.4%	43.7%
International	-2.3%	25.3%
Cost of goods sold	48.0	44.2	32.9	0.0	27.3
Gross profit	74.3	63.7	47.4	0.0	35.2
Gross margin	60.8%	59.0%	59.1%		56.3%
Selling, general and administrative [+]	31.2	25.3	15.0		8.4
General and administrative	31.2	25.3	15.0	0.0
Other operating expenses				0.1	3.6
EBITDA [+]	43.1	38.4	32.4		31.4
EBITDA growth	12.4%	18.4%	3.3%
EBITDA margin	35.3%	35.6%	40.4%		50.2%
Depreciation	0.2	0.2	0.2		8.4
EBITA	43.0	38.2	32.2	-0.1	23.0
EBITA margin	35.1%	35.4%	40.1%		36.8%
Amortization of intangibles	21.9	18.8	13.9		8.2
EBIT [+]	21.1	19.4	18.3	-0.1	14.7
EBIT growth	8.8%	5.6%	24.4%
EBIT margin	17.2%	17.9%	22.8%		23.6%
Interest expense	14.8	10.9	9.0
Interest expense	14.8	10.9	9.0
Other income (expense), net [+]	2.1	8.9	2.1	0.0	-1.3
Gain (loss) on debt retirement	-0.9
Gain (loss) on foreign currency transactions	0.3	0.3	-0.9
Other	0.0	0.0		0.0
Pre-tax income	8.4	17.4	11.4	-0.1	13.5
Income taxes	5.6	4.3	2.1	0.0	4.0
Tax rate	66.9%	24.5%	18.8%	0.0%	29.9%
Minority interest	0.2	0.1	0.0
Net income	2.5	13.1	9.3	-0.1	9.4
Net margin	2.1%	12.1%	11.5%		15.1%

Basic EPS [+]	$0.04	$0.25	$0.33		$0.25
Growth	-84.1%	-23.8%	30.5%
Diluted EPS [+]	$0.04	$0.22	$0.21		$0.25
Growth	-82.5%	7.7%	-16.9%

Shares outstanding (basic) [+]	64.3	52.6	28.4		37.7
Growth	22.3%	85.4%	-24.8%
Shares outstanding (diluted) [+]	64.8	58.5	44.5		37.7
Growth	10.9%	31.2%	18.1%

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