Rubber Leaf Inc [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	S-1/A	S-1
Revenues:
Direct supply model			0.3
Indirect supply model			16.4
Total revenues	10.6	14.6	16.7
Revenue growth	-27.1%	-12.4%
Cost of goods sold	9.1	15.8	15.4
Gross profit	1.5	-1.2	1.3
Gross margin	14.1%	-8.1%	7.7%
Selling, general and administrative [+]	1.0	1.5	0.6
Sales and marketing	0.1	0.2	0.2
General and administrative	0.9	1.3	0.4
Other operating expenses		0.2	0.0
EBITDA [+]	1.2	-2.3
EBITDA growth	-150.5%	-461.4%
EBITDA margin	11.0%	-15.9%	3.9%
Depreciation and amortization	0.7	0.6
EBIT [+]	0.5	-2.9	0.6
EBIT growth	-117.5%	-554.9%
EBIT margin	4.8%	-20.0%	3.9%
Interest expense	0.2	0.2
Interest expense	0.2	0.2
Other income (expense), net [+]	0.4	-0.1	0.0
Other non-ooperating expenses	0.0	-0.1
Other	0.0	0.1	0.0
Pre-tax income	0.8	-3.2	0.7
Income taxes	0.0	0.0	0.2
Tax rate	1.4%	0.0%	33.1%
Net income	0.8	-3.2	0.4
Net margin	7.1%	-21.7%	2.6%

Basic EPS [+]	$0.02	($0.08)	$0.01
Growth	-123.7%	-814.9%
Diluted EPS [+]	$0.02	($0.08)	$0.01
Growth	-123.7%	-814.9%

Shares outstanding (basic) [+]	41.0	40.6	40.0
Growth	1.0%	1.4%
Shares outstanding (diluted) [+]	41.0	40.6	40.0
Growth	1.0%	1.4%

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