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Income Statement
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Star Holdings

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsJun-30-23Mar-31-23Jun-30-22Mar-31-22
   10-Q10-Q10-Q10-Q
Revenues  25.516.840.726.9
            Revenue growth  -37.5%-37.5%  
Cost of goods sold  29.431.467.537.7
Gross profit  -3.9-14.6-26.8-10.9
            Gross margin  -15.3%-86.9%-65.8%-40.4%
Selling, general and administrative   [+]7.614.13.00.9
Equity in earnings  0.230.08.912.6
Other operating expenses  78.480.9-2.9-13.1
EBITDA   [+]-89.6-79.6-17.913.9
            EBITDA margin  -351.8%-474.0%-44.0%51.8%
Depreciation and amortization  1.11.11.21.2
EBIT   [+]-90.7-80.6-19.112.7
            EBIT margin  -356.1%-480.4%-47.0%47.3%
Non-recurring items   [+]  1.8 
Interest expense   10.1 13.2
Other income (expense), net   [+]0.8   
Pre-tax income  -89.9-90.7-20.9-0.5
Income taxes  0.00.00.00.0
            Tax rate   0.0% 3.3%
Minority interest  0.00.00.00.0
Net income  -90.0-90.7-20.9-0.5
            Net margin  -353.1%-540.4%-51.3%-1.9%
   
Basic EPS   [+]($6.75)($6.81)($1.57)($0.04)
Diluted EPS   [+]($6.75)($6.81)($1.57)($0.04)
   
Shares outstanding (basic)  13.313.313.313.3
Shares outstanding (diluted)  13.313.313.313.3
   
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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