MARKETWISE, INC. [Rocket]

Overview

MARKETWISE, INC.

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Recent News + Filings (All items)

Date Filed	Type	Description
10/10/2023	4	Stansberry Frank Porter (10% Owner) has filed a Form 4 on MARKETWISE, INC.
08/24/2023	4	Stansberry Frank Porter (10% Owner) has filed a Form 4 on MARKETWISE, INC.
08/22/2023	144	Form 144 - Report of proposed sale of securities:
08/22/2023	3	Mickels Erik (CFO) has filed a Form 3 on MARKETWISE, INC.
08/15/2023	SC 13D/A	Stansberry Frank Porter reports a 66% stake in MarketWise, Inc.
08/15/2023	4	Mason Amber Lee (CEO) has filed a Form 4 on MARKETWISE, INC.
08/15/2023	4	Tongue Glenn H (Director) has filed a Form 4 on MARKETWISE, INC.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
Revenues	512.4	549.2	364.2	272.2
Revenue growth	-6.7%	50.8%	33.8%
Cost of goods sold	62.7	239.3	154.6	42.6
Gross profit	449.7	309.9	209.6	229.7
Gross margin	87.8%	56.4%	57.5%	84.4%
Sales and marketing	235.3	296.9	214.3	106.1
Research and development	8.8	7.5	4.8	3.7
General and administrative	114.8	960.2	526.6	91.7
EBITA	90.0	-965.3	-536.6	27.3
EBITA margin	17.6%	-175.8%	-147.3%	10.0%
Amortization of intangibles	2.8	2.2	2.1	1.7
EBIT	87.3	-967.6	-538.7	25.6
EBIT margin	17.0%	-176.2%	-147.9%	9.4%
Pre-tax income	102.7	-951.5	-541.1	28.0
Income taxes	1.5	2.4	0.0	0.0
Tax rate	1.5%		0.0%	0.0%
Net income	18.0	-1,013.3	-538.4	28.0
Net margin	3.5%	-184.5%	-147.8%	10.3%

Diluted EPS	$0.73
Shares outstanding (diluted)	24.7

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