AGRIFORCE GROWING SYSTEMS LTD. [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18
	10-K	10-K	S-1/A	S-1/A
Revenues	1.1	0.4	-2,559.9	0.0
Revenue growth	146.8%	-100.0%
Cost of goods sold	3.9	1.9	660.9	0.3
Gross profit	-2.8	-1.5	-3,220.8	-0.3
Gross margin	-255.1%	-333.6%	125.8%
Selling, general and administrative [+]	3.7	1.7	786.8	0.1
Sales and marketing			605.1
General and administrative [+]	3.7	1.7	181.7	0.1
Wages and related expenses	1.8	1.1
General and administrative expenses	0.8	0.2
Professional fees	0.9	0.4
Rent expense	0.2	0.0	181.7
Other selling, general and administrative			605.1
Research and development	0.5	0.1	1,111.6
Other operating expenses				-0.3
EBITDA [+]	-6.9	-3.3		0.0
EBITDA growth	107.3%	-99.9%	-155361131.9%
EBITDA margin	-635.5%	-756.5%	200.0%
Depreciation and amortization	0.0	0.0		0.0
EBIT [+]	-6.9	-3.3	-5,119.1	0.0
EBIT growth	107.1%	-99.9%
EBIT margin	-636.6%	-758.6%	200.0%
Other income (expense), net [+]	0.3	0.1	5,114.0	-2.7
Gain (loss) on foreign currency transactions	-0.2	0.0	3.6
Pre-tax income	-6.6	-3.2	-5.1	-2.7
Income taxes	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%
Net income	-7.4	-4.2	-5.1	-2.7
Net margin	-678.0%	-945.4%	0.2%

Basic EPS [+]	($0.66)	($0.53)	($0.67)	($0.32)
Growth	25.3%	-21.3%	108.4%
Diluted EPS [+]	($0.66)	($0.53)	($0.67)	($0.32)
Growth	25.3%	-21.3%	108.4%

Shares outstanding (basic) [+]	11.2	7.9	7.6	8.5
Growth	41.2%	3.5%	-10.5%
Shares outstanding (diluted) [+]	11.2	7.9	7.6	8.5
Growth	41.2%	3.5%	-10.5%

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