GrowGeneration Corp. (GRWG) [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:
Retail	24.7	369.2	178.6
E-Commerce	1.2	35.4	14.5
Distribution and other	57.6	17.1	0.3
Other	194.7	0.8
Total revenues [+]	278.2	422.5	193.4	79.7	29.0	14.4	8.0	3.5
Products				79.7				3.5
Net interest income								0.0
Revenue growth [+]	-34.2%	118.5%	142.5%	174.9%	101.9%	80.0%	129.3%
Retail	-93.3%	106.7%
E-Commerce	-96.7%	144.5%
Distribution and other	236.9%	5597.0%
Unit growth	-4.8%	19.2%	92.6%	28.6%	40.0%	25.0%
Cost of goods sold	207.9	304.2	142.3	57.7	22.6	11.1	5.8	2.4
Gross profit	70.3	118.2	51.0	22.0	6.4	3.3	2.2	1.1
Gross margin	25.3%	28.0%	26.4%	27.6%	22.2%	22.8%	27.6%	32.4%
Selling, general and administrative [+]	36.8	39.5	20.9	9.3	3.3	1.9	0.8	0.4
Sales and marketing							0.5	0.1
General and administrative [+]					3.3	1.9	0.4	0.4
Wages and related expenses					1.6	0.9	0.5	0.5
General and administrative expenses					1.6	1.0	0.4	0.4
Professional fees								0.2
Rent expense								0.1
Insurance expense								0.0
Utilities expense								0.0
Other selling, general and administrative							0.5
Other operating expenses	56.4	51.2	19.3	10.1	7.1	3.7	1.7	1.2
EBITDA [+]	-22.9	27.6	10.9	2.6	-3.9	-2.4	-0.4	-0.5
EBITDA growth	-183.0%	153.9%	313.7%	-167.3%	64.3%	537.2%	-25.1%
EBITDA margin	-8.2%	6.5%	5.6%	3.3%	-13.5%	-16.5%	-4.7%	-14.3%
Depreciation	7.2	4.5	1.6	1.0	0.4	0.2	0.1	0.0
EBITA	-30.1	23.1	9.2	1.6	-4.3	-2.5	-0.4	-0.5
EBITA margin	-10.8%	5.5%	4.8%	2.0%	-14.7%	-17.6%	-5.3%	-14.8%
Amortization of intangibles	9.9	8.1	0.8	0.0
EBIT [+]	-40.0	15.0	8.4	1.6	-4.3	-2.5	-0.4	-0.5
EBIT growth	-366.9%	77.8%	433.0%	-137.2%	68.3%	493.5%	-17.2%
EBIT margin	-14.4%	3.6%	4.4%	2.0%	-14.7%	-17.6%	-5.3%	-14.8%
Non-recurring items [+]	127.8					0.3
Asset impairment	127.8
Legal settlement						0.3
Interest income, net [+]	0.6	0.5	0.0	0.1	0.1	0.0	0.0
Interest expense					0.0	0.0	0.0	0.0
Interest income	0.6	0.5	0.0	0.1	0.1
Other income (expense), net [+]	0.7	-0.3	0.1	-0.4	-0.9	0.3		0.0
Amortization of debt discount premium					-1.0
Other non-operating income						0.0
Other non-ooperating expenses						0.0
Other	0.7	-0.3	0.1	-0.4	-0.9	0.0		0.0
Pre-tax income	-166.6	15.2	8.6	1.3	-5.1	-2.5	-0.4	-0.5
Income taxes	-2.9	2.4	3.3	0.0	0.0	0.0	0.0	0.0
Tax rate	1.7%	16.0%	37.9%	0.0%	0.0%	0.0%	0.0%	0.0%
Net income	-163.7	12.8	5.3	1.3	-5.1	-2.5	-0.4	-0.5
Net margin	-58.9%	3.0%	2.8%	1.7%	-17.5%	-17.7%	-5.4%	-15.2%

Basic EPS [+]	($2.69)	$0.22	$0.12	$0.04	($0.22)	($0.18)	($0.05)	($0.08)
Growth	-1347.2%	78.1%	201.1%	-118.6%	23.3%	271.9%	-41.5%
Diluted EPS [+]	($2.69)	$0.21	$0.11	$0.04	($0.22)	($0.18)	($0.05)	($0.08)
Growth	-1373.3%	84.4%	194.2%	-118.1%	23.3%	271.9%	-41.5%

Shares outstanding (basic) [+]	60.8	59.2	43.9	32.8	23.5	14.5	9.2	6.6
Growth	2.7%	34.8%	33.8%	39.8%	61.9%	58.5%	39.5%
Shares outstanding (diluted) [+]	60.8	60.5	46.5	33.9	23.5	14.5	9.2	6.6
Growth	0.6%	30.2%	37.0%	44.3%	61.9%	58.5%	39.5%

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