Galecto, Inc. (GLTO) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18
	10-K	10-K	10-K	10-K	S-1/A
Revenues	0.0	0.0	0.0	0.0	10.1
Revenue growth				-100.0%
Cost of goods sold	0.0	0.0	0.0	0.0	10.1
Gross profit	0.0	0.0	0.0	0.0	0.0
Gross margin					0.0%
Selling, general and administrative [+]	61.2	52.2	9.0	2.4	2.8
General and administrative			9.0	2.4	2.8
Research and development			24.6	19.7
Other operating expenses	0.8	-0.9			10.1
EBIT [+]	-62.0	-51.3	-33.6	-22.2	-12.9
EBIT growth	21.0%	52.4%	51.6%	71.9%
EBIT margin					-127.9%
Non-recurring items [+]				16.8
In-process research & development				16.8
Interest expense					3.0
Interest expense					3.0
Other income (expense), net [+]	0.4	-0.5	-1.2	2.5	0.0
Gain (loss) on foreign currency transactions			-1.2	0.6
Pre-tax income	-61.6	-51.8	-34.8	-36.5	-15.9
Income taxes	0.0	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%
Net income	-61.6	-51.8	-34.8	-42.1	0.0
Net margin					-0.2%

Basic EPS [+]	($2.43)	($2.05)	($7.62)	($161.82)	($73.11)
Growth	18.4%	-73.1%	-95.3%	121.3%
Diluted EPS [+]	($2.43)	($2.05)	($7.62)	($161.82)	($73.11)
Growth	18.4%	-73.1%	-95.3%	121.3%


Shares outstanding (basic) [+]	25.4	25.3	4.6	0.3	0.0
Growth	0.6%	452.4%	1659.0%	99900.0%
Shares outstanding (diluted) [+]	25.4	25.3	4.6	0.3	0.0
Growth	0.6%	452.4%	1659.0%	99900.0%

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