INSTRUCTURE HOLDINGS, INC. [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
	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q
Total revenues		445.9	424.8	405.4
Cost of goods sold		294.6	293.2	297.8
Gross profit		151.2	131.6	107.5
Gross margin		33.9%	31.0%	26.5%
Selling, general and administrative [+]		201.3	191.5	187.1
Sales and marketing		171.4	164.6	162.5
General and administrative		29.9	26.8
Research and development		35.9	31.5
Other operating expenses				66.5
EBITDA margin		-19.0%	-21.3%	-27.3%
Depreciation		0.6		-0.6
EBITA		-85.2	-90.5	-110.1
EBITA margin		-19.1%	-21.3%	-27.2%
Amortization of intangibles		67.3	67.3	67.3
EBIT		-152.4	-157.8	-177.4
EBIT margin		-34.2%	-37.1%	-43.8%
Interest expense, net [+]		9.1	20.2	32.9
Interest expense		9.2	20.2	32.9
Interest income		0.1	0.0	0.0
Other income (expense), net [+]		86.8	90.1	89.1
Other		-1.5	1.8	0.8
Pre-tax income		-74.8	-87.9	-122.4
Income taxes		-22.4	-26.7	-33.7
Tax rate		29.9%	30.4%	27.5%
Net income		-52.4	-61.2	-88.7
Net margin		-11.7%	-14.4%	-21.9%

Basic EPS		($0.38)	($0.46)	($0.68)
Diluted EPS		($0.38)	($0.46)	($0.68)


Shares outstanding (basic)		137.9	134.0	130.3
Shares outstanding (diluted)		137.9	134.0	130.3

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