TREES Corp (Colorado) (CANN) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K/A	10-K	10-K	10-K	10-K
Revenues:
Finance and Real Estate						0.1	0.1	0.1
Security and Cash Management						2.2	1.5
Marketing and Products						0.2	0.0	0.1
Consulting and Advisory						0.4	0.1	0.0
Total revenues [+]	5.9	2.4	3.7	1.7	3.5	3.0	1.8	0.2
Products						0.1	0.1	0.1
Services						2.7	1.6	0.0
Revenue growth [+]	148.7%	-35.0%	111.0%	-50.7%	18.1%	69.1%	633.9%
Finance and Real Estate						27.4%	-12.4%
Security and Cash Management						49.8%
Marketing and Products						613.8%	-69.0%
Consulting and Advisory						198.1%	262.4%
Cost of goods sold [+]	4.4	1.4	2.5	1.5	0.4	2.0	1.4	0.1
Cost of product sales						0.1	0.1
Cost of services				1.1
Labor costs						1.9	1.3
Gross profit	1.5	1.0	1.2	0.3	3.1	1.0	0.3	0.2
Gross margin	25.1%	41.7%	32.7%	16.2%	89.2%	33.1%	19.3%	71.5%
Selling, general and administrative [+]	3.7	5.2	6.0	4.8	3.6	2.6	1.9	1.3
Sales and marketing	2.8	2.9	4.4	3.4	2.8	2.0	1.4
General and administrative [+]	0.9	2.3	1.6	1.4	0.7	0.5	0.4	1.3
General and administrative expenses								0.8
Professional fees	0.9	2.3	1.6	1.4	0.7	0.5	0.4	0.6
Other selling, general and administrative	2.8	2.9	4.4	3.4	2.8	2.0	1.4
Equity in earnings				-0.2
Other operating expenses	-2.7	1.5	4.0	6.0	6.7	3.8	5.4	1.3
EBITDA [+]	0.5	-5.7	-8.7	-10.6	-7.1	-5.3	-7.0	-2.5
EBITDA growth	-109.0%	-34.7%	-18.3%	49.0%	33.8%	-23.6%	181.9%
EBITDA margin	8.6%	-237.3%	-236.4%	-610.4%	-202.1%	-178.3%	-394.8%	-1028.1%
Depreciation	0.2	0.2	0.2	0.1	0.1	0.4	0.3	0.1
EBITA	0.3	-5.8	-8.9	-10.8	-7.2	-5.7	-7.2	-2.5
EBITA margin	5.2%	-243.7%	-241.7%	-619.0%	-203.9%	-191.6%	-410.9%	-1055.7%
Amortization of intangibles	0.3	0.1			0.1
EBIT [+]	0.0	-5.9	-8.9	-10.8	-7.2	-5.7	-7.2	-2.5
EBIT growth	-100.0%	-33.7%	-17.6%	48.5%	26.8%	-21.1%	185.7%
EBIT margin	0.0%	-246.5%	-241.7%	-619.0%	-205.7%	-191.6%	-410.9%	-1055.7%
Non-recurring items	3.0				-0.2	1.3
Interest expense	0.6	0.5	0.3	0.3	0.3	0.3	0.3	0.2
Interest expense	0.6	0.5	0.3	0.3	0.3	0.3	0.3	0.2
Other income (expense), net [+]	-4.8	-1.1	-4.6	-5.1	-0.9	-2.8	-1.2	-4.2
Amortization of financing costs and debt discount					1.1	0.7	1.5	0.8
Gain (loss) on debt retirement	-0.2	-1.6	-0.4			-2.2
Gain (loss) on derivative instruments							-0.2	3.4
Other	0.1	0.1	-4.9	-5.6	-1.2	-3.1	-1.5	4.4
Pre-tax income	-8.4	-7.4	-13.8	-16.1	-8.2	-10.2	-8.8	-6.9
Income taxes	0.5	0.3	1.7	0.8	0.0	0.0	0.0	0.0
Tax rate					0.0%	0.0%	0.0%	0.0%
Earnings from continuing ops	-8.4	-8.3	-17.8	-16.1	-8.2	-10.2	-8.8	-6.9
Earnings from discontinued ops	-0.4	-0.3		-0.8
Net income	-8.9	-8.5	-17.8	-17.0	-8.2	-10.2	-8.8	-6.9
Net margin	-149.6%	-357.0%	-486.2%	-977.0%	-233.4%	-340.9%	-498.4%	-2885.1%

Basic EPS [+]	($0.12)	($0.16)	($0.47)	($0.46)	($0.40)	($0.66)	($0.63)	($0.51)
Growth	-25.3%	-65.3%	1.3%	15.0%	-38.8%	4.7%	21.8%
Diluted EPS [+]	($0.12)	($0.16)	($0.47)	($0.46)	($0.40)	($0.66)	($0.63)	($0.51)
Growth	-25.3%	-65.3%	1.3%	15.0%	-38.8%	4.7%	21.8%

Shares outstanding (basic) [+]	69.5	50.9	38.1	34.9	20.5	15.5	14.0	13.5
Growth	36.6%	33.6%	9.1%	70.7%	32.2%	10.5%	4.1%
Shares outstanding (diluted) [+]	69.5	50.9	38.1	34.9	20.5	15.5	14.0	13.5
Growth	36.6%	33.6%	9.1%	70.7%	32.2%	10.5%	4.1%

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