Local Bounti Corporation [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K	S-1
Revenues [+]	19.5	0.6	0.1	0.0
Products	19.5	0.6	0.1
Net interest income				0.0
Revenue growth	2952.4%	678.0%	-310.3%
Cost of goods sold	17.3	0.4	0.1	-6.7
Gross profit	2.2	0.2	0.0	6.7
Gross margin	11.4%	32.3%	-11.0%	-17166.7%
Selling, general and administrative	82.7	41.5	6.8	3.4
Research and development	14.1	3.4	1.1
Other operating expenses				6.7
EBITDA [+]	-84.1	-44.0	-7.6
EBITDA growth	91.0%	476.7%	126.8%
EBITDA margin	-431.9%	-6901.7%	-9311.0%	8633.3%
Depreciation	5.4	0.7	0.3
EBITA	-89.5	-44.7	-7.9	-3.4
EBITA margin	-459.6%	-7008.9%	-9661.0%	8633.3%
Amortization of intangibles	5.0
EBIT [+]	-94.5	-44.7	-7.9	-3.4
EBIT growth	111.4%	464.5%	135.3%
EBIT margin	-485.4%	-7008.9%	-9661.0%	8633.3%
Interest expense	0.2		0.5
Interest expense	0.2		0.5
Other income (expense), net [+]	-16.3	-11.4	0.0	0.0
Other	0.2	0.3
Pre-tax income	-111.1	-56.1	-8.4	-3.4
Income taxes	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%
Net income	-111.1	-56.1	-8.4	-3.4
Net margin	-570.4%	-8792.0%	-10254.9%	8733.3%

Basic EPS [+]	($1.27)	($1.06)	($0.17)	($0.35)
Growth	20.2%	526.6%	-51.3%
Diluted EPS [+]	($1.27)	($1.06)	($0.17)	($0.35)
Growth	20.2%	526.6%	-51.3%

Shares outstanding (basic) [+]	87.1	52.9	49.7	9.8
Growth	64.7%	6.5%	407.0%
Shares outstanding (diluted) [+]	87.1	52.9	49.7	9.8
Growth	64.7%	6.5%	407.0%

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