Resonate Blends, Inc. (TXHD) [Rocket]

Overview

Resonate Blends, Inc. (TXHD)

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Recent News + Filings (All items)

Date Filed	Type	Description
08/23/2023	8-K	Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance S...
08/14/2023	10-Q	Quarterly Report for the period ended June 30, 2023
04/17/2023	10-K	Annual Report for the period ended December 31, 2022
03/31/2023	NT 10-K	Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405:
03/20/2023	SC 13G	Form SC 13G - Statement of acquisition of beneficial ownership by individuals:
11/21/2022	10-Q	Quarterly Report for the period ended September 30, 2022
11/14/2022	NT 10-Q	Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB:

Revenue Mix by Segment

Financial Summary (All financials)

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
Revenues	0.0	0.2	0.0	1.1	0.9	0.5	0.1	0.3
Revenue growth	-86.2%		-100.0%	13.0%	105.9%	293.9%	-66.0%	0.8%
Cost of goods sold	0.3	0.2	0.0	0.3	0.3	0.1	0.1	0.2
Gross profit	-0.2	0.0	0.0	0.8	0.6	0.4	0.0	0.2
Gross margin	-844.8%	0.0%		70.5%	66.4%	77.5%	0.0%	55.1%
Selling, general and administrative						1.2	3.2
Sales and marketing	0.6	0.0	0.0	0.1	0.0
Research and development
General and administrative	0.7	1.2	0.3	0.4	0.7			0.4
EBIT	-2.5	-1.8	-3.3	-0.3	-6.5	-0.9	-3.0	-0.2
EBIT margin	-9364.8%	-939.4%		-28.8%	-693.9%	-198.7%	-2585.1%	-69.6%
Pre-tax income	-4.9	-2.0	-3.5	-0.3	-7.6	-3.3	-3.6	-0.5
Income taxes	0.0	0.0	0.2	0.0	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.8%		0.0%	0.0%	0.0%	0.0%	0.0%
Earnings from continuing ops	-4.9	-2.0	-3.5	-0.3	-7.6	-3.3	-3.6	-0.5
Earnings from discontinued ops			-0.1
Net income	-4.9	-1.9	-3.7	-0.3	-7.6	-3.3	-3.6	-0.5
Net margin	-18027.7%	-987.9%		-31.9%	-810.5%	-725.3%	-3055.3%	-133.4%

Diluted EPS	($0.16)	($0.08)	($0.31)	($0.08)	($3.83)	($25.18)	($0.04)	($0.01)
Shares outstanding (diluted)	31.1	25.5	11.2	4.2	2.0	0.1	82.3	68.8

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