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Income Statement
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Wearable Devices Ltd.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20
   20-F20-F20-F
Revenues  0.00.10.1
            Revenue growth  -68.3%149.1% 
Cost of goods sold  0.90.10.0
Gross profit  -0.90.00.0
            Gross margin  -1931.1%24.6%84.2%
Selling, general and administrative   [+]3.31.30.5
Research and development  2.31.40.7
EBITDA   [+]-6.4-2.7-1.1
            EBITDA margin  -14300.0%-1871.8%-2015.8%
Depreciation and amortization  0.00.00.0
EBIT   [+]-6.5-2.7-1.2
            EBIT margin  -14351.1%-1879.6%-2028.1%
Other income (expense), net  0.00.1-0.1
Pre-tax income  -6.5-2.6-1.3
Income taxes  0.00.00.0
            Tax rate  0.0%0.0%0.0%
Net income  -6.5-2.6-1.3
            Net margin  -14435.6%-1840.8%-2207.0%
   
Basic EPS   [+]($0.53)($0.27)($0.19)
Diluted EPS   [+]($0.53)($0.27)($0.19)
   
Shares outstanding (basic)   [+]12.39.76.5
Shares outstanding (diluted)   [+]12.39.76.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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