Progyny, Inc. (PGNY) [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
Revenues	786.9	500.6	344.9	229.7	105.4	48.6
Revenue growth	57.2%	45.2%	50.1%	117.9%	116.9%
Cost of goods sold	619.6	388.5	274.8	184.2	86.0	41.2
Gross profit	167.3	112.1	70.1	45.5	19.4	7.4
Gross margin	21.3%	22.4%	20.3%	19.8%	18.4%	15.2%
Sales and marketing	45.7	20.2	15.0	11.9	7.3	4.3
General and administrative	98.3	59.6	46.7	23.9	15.6	14.1
EBITA	23.3	32.9	9.5	11.2	-2.0	-9.5
EBITA margin	3.0%	6.6%	2.8%	4.9%	-1.9%	-19.6%
Amortization of intangibles		0.6	1.2	1.5	1.5	1.5
EBIT	23.3	32.3	8.3	9.7	-3.5	-11.0
EBIT margin	3.0%	6.5%	2.4%	4.2%	-3.3%	-22.7%
Pre-tax income	24.4	32.4	8.7	-8.6	-6.9	-12.5
Income taxes	-5.9	-33.3	-37.8	0.0	-1.8	0.0
Tax rate					25.8%	0.0%
Earnings from continuing ops	30.4	65.8	46.5	-8.6	-11.3	-13.5
Earnings from discontinued ops					5.8	0.0
Net income	30.4	65.8	46.5	-8.6	-5.5	-13.5
Net margin	3.9%	13.1%	13.5%	-3.7%	-5.3%	-27.7%

Diluted EPS	$0.30	$0.66	$0.47	($0.41)	($2.04)	($2.37)
Shares outstanding (diluted)	100.0	100.4	99.1	20.7	5.5	5.7

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