PRECIGEN, INC. (XON) [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:
Trans Ova				68.7	75.2	79.8
Other revenues, including from other operating segments			0.1	9.1	40.8	59.9
All Other				4.9	30.2	59.2
Intersegment revenues	1.4	1.6	4.8			2.1
Other	25.5	12.6	27.1	8.1	4.9	18.6
Total revenues [+]	26.9	14.3	32.0	90.7	151.2	219.5	190.9	173.6
Products								41.9
Services								42.9
Other								1.0
Revenue growth [+]	88.6%	-55.4%	-64.7%	-40.0%	-31.1%	14.9%	10.0%	141.4%
Trans Ova				-8.7%	-5.8%
Other revenues, including from other operating segments			-99.4%	-77.8%	-31.8%
All Other				-83.9%	-48.9%
Intersegment revenues	-11.7%	-65.9%
Cost of goods sold [+]	0.0	0.0	0.0	0.0	0.0	0.0	0.0	63.9
Cost of product sales								40.7
Cost of services								23.2
Gross profit	26.9	14.3	32.0	90.7	151.2	219.5	190.9	109.7
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	63.2%
Selling, general and administrative	0.5		9.6	87.9		16.8	142.3	109.1
Research and development							112.1	147.5
Equity in earnings	0.9	0.0	-1.2	-6.7	-11.6	-14.3	-21.1	-8.9
Other operating expenses	-0.5		-9.6	-85.2		-16.8	61.6
EBITDA [+]	38.5	28.0	48.3	106.2	172.7	236.3	-121.7	-138.1
EBITDA growth	37.5%	-42.0%	-54.5%	-38.5%	-26.9%	-294.2%	-11.8%	113.0%
EBITDA margin	143.2%	196.4%	151.1%	117.1%	114.2%	107.7%	-63.7%	-79.5%
Depreciation	6.0	8.5	12.3	17.0	21.4	19.7	9.4	7.9
EBITA	32.6	19.5	36.1	89.3	151.2	216.7	-131.1	-145.9
EBITA margin	121.0%	136.9%	112.7%	98.4%	100.0%	98.7%	-68.7%	-84.1%
Amortization of intangibles	4.8	5.3	5.2	7.9	11.7	11.5	15.2	9.9
EBIT [+]	27.8	14.3	30.8	81.3	139.6	205.2	-146.3	-155.8
EBIT growth	94.7%	-53.7%	-62.1%	-41.7%	-32.0%	-240.3%	-6.1%	107.1%
EBIT margin	103.2%	100.0%	96.3%	89.7%	92.3%	93.5%	-76.6%	-89.7%
Non-recurring items [+]	0.5		9.6	85.2		16.8
Asset impairment	0.5		9.6	87.9		16.8
Interest income, net [+]							9.3	0.6
Interest expense							0.9	1.2
Interest income							10.2	1.9
Other income (expense), net [+]	-107.3	-125.2	-125.7	-167.4	-535.5	-266.8	-57.2	68.2
Other							1.7	1.3
Pre-tax income	-80.0	-111.0	-104.5	-171.3	-395.9	-78.4	-194.2	-87.0
Income taxes	-0.2	0.2	0.1	-0.9	-15.4	2.1	-3.9	1.0
Tax rate	0.2%			0.5%	3.9%		2.0%
Minority interest				-1.6	-5.4	-9.8	-3.7	-3.5
Earnings from continuing ops	-79.8	-92.2	-170.5	-168.7	-375.1	-117.0	-186.6	-84.5
Earnings from discontinued ops	108.1	18.6	-66.1	-153.6	-134.2
Net income	28.3	-92.2	-170.5	-322.3	-509.3	-117.0	-186.6	-84.5
Net margin	105.2%	-646.0%	-533.0%	-355.3%	-336.9%	-53.3%	-97.7%	-48.7%

Basic EPS [+]	($0.40)	($0.47)	($1.02)	($1.09)	($2.90)	($0.98)	($1.58)	($0.76)
Growth	-14.6%	-54.3%	-6.8%	-62.2%	197.0%	-38.3%	107.9%	-7.8%
Diluted EPS [+]	($0.40)	($0.47)	($1.02)	($1.09)	($2.90)	($0.98)	($1.58)	($0.76)
Growth	-14.6%	-54.3%	-6.8%	-62.2%	197.0%	-38.3%	107.9%	-7.8%

Shares outstanding (basic) [+]	200.4	197.8	167.1	154.1	129.5	120.0	118.0	111.1
Growth	1.3%	18.4%	8.4%	19.0%	7.9%	1.7%	6.2%	12.0%
Shares outstanding (diluted) [+]	200.4	197.8	167.1	154.1	129.5	120.0	118.0	111.1
Growth	1.3%	18.4%	8.4%	19.0%	7.9%	1.7%	6.2%	12.0%

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