AGENUS INC (AGEN) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Non-US	10.5	6.7	4.6
Rest Of World				0.7	4.0
Non Us				0.7	4.0
Other	87.5	289.0	83.6	148.7	28.8
Total revenues [+]	98.0	295.7	88.2	150.0	36.8	42.9	22.6	24.8
Royalties								24.8
Grants								0.0
Revenue growth [+]	-66.8%	235.3%	-41.2%	307.9%	-14.2%	89.9%	-9.0%	255.7%
Non-US	56.8%	45.1%
Rest Of World				-82.8%
Non Us				-82.8%
Cost of goods sold	0.0	0.0	0.0	5.8	-1.3	-3.2	2.0	6.7
Gross profit	98.0	295.7	88.2	144.2	38.1	46.1	20.6	18.1
Gross margin	100.0%	100.0%	100.0%	96.1%	103.6%	107.4%	91.3%	73.0%
Selling, general and administrative [+]				46.0	37.3	33.7	33.1	28.4
General and administrative	0.0	0.0	0.0	46.0	37.3	33.7	33.1	28.4
Research and development				168.3	124.6	116.1	95.0	70.4
Other operating expenses	97.2	307.1	89.4	5.8	-1.3	-3.2	2.0	6.7
EBITDA [+]	7.8	-4.7	6.0	-69.3	-116.2	-94.6	-104.5	-85.4
EBITDA growth	-265.4%	-178.8%	-108.6%	-40.4%	22.8%	-9.5%	22.3%	76.4%
EBITDA margin	7.9%	-1.6%	6.8%	-46.2%	-315.9%	-220.6%	-462.9%	-344.3%
Depreciation	4.7	4.7	4.8	4.7	4.3	3.7	4.9	1.4
EBITA	3.0	-9.4	1.2	-73.9	-120.5	-98.3	-109.4	-86.9
EBITA margin	3.1%	-3.2%	1.3%	-49.3%	-327.6%	-229.3%	-484.8%	-350.1%
Amortization of intangibles	2.2	2.1	2.4	2.0	2.0	2.3		0.5
EBIT [+]	0.8	-11.5	-1.2	-75.9	-122.5	-100.6	-109.4	-87.4
EBIT growth	-107.1%	840.3%	-98.4%	-38.0%	21.7%	-8.1%	25.2%	74.7%
EBIT margin	0.8%	-3.9%	-1.4%	-50.6%	-333.0%	-234.7%	-484.8%	-352.2%
Non-recurring items [+]	0.8	-11.5	-1.2	-5.8	1.3	3.2	-2.0	-6.7
Unusual expense	0.8	-11.5	-1.2	-5.8	1.3	3.2	-2.0	-6.7
Interest expense				41.5	25.3	18.9	17.3	6.6
Interest expense				41.5	25.3	18.9	17.3	6.6
Other income (expense), net [+]				0.0	-13.0	2.0	-2.2	-6.0
Gain (loss) on debt retirement					-10.8
Pre-tax income	0.0	0.0	0.0	-111.6	-162.0	-120.7	-127.0	-93.3
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-5.4
Tax rate				0.0%	0.0%	0.0%	0.0%	5.8%
Minority interest				-3.9	-2.4
Net income	0.0	0.0	0.0	-107.9	-159.9	-120.9	-127.2	-88.1
Net margin	0.0%	0.0%	0.0%	-71.9%	-434.7%	-282.0%	-563.5%	-354.9%

Basic EPS [+]	$0.00	$0.00	$0.00	($0.80)	($1.44)	($1.23)	($1.46)	($1.13)
Growth			-100.0%	-44.6%	17.5%	-15.9%	29.7%	57.6%
Diluted EPS [+]	$0.00	$0.00	$0.00	($0.80)	($1.44)	($1.23)	($1.46)	($1.13)
Growth			-100.0%	-44.6%	17.5%	-15.9%	29.7%	57.6%

Shares outstanding (basic) [+]	0.3	0.2	0.2	135.0	110.8	98.4	87.1	78.2
Growth	23.1%	32.7%	-99.9%	21.9%	12.6%	13.0%	11.3%	30.9%
Shares outstanding (diluted) [+]	0.3	0.2	0.2	135.0	110.8	98.4	87.1	78.2
Growth	23.1%	32.7%	-99.9%	21.9%	12.6%	13.0%	11.3%	30.9%

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