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Grindr Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-19
   10-K10-KS-1/A
Revenues:  
    United Kingdom  14.310.78.9
    United States  122.093.668.8
    Other  58.741.531.0
Total revenues  195.0145.8108.7
            Revenue growth   [+]33.7%  
Cost of goods sold  51.337.498.6
Gross profit  143.7108.510.1
            Gross margin  73.7%74.4%9.3%
Selling, general and administrative  75.330.6 
Research and development  17.910.9 
Other operating expenses    -0.1
EBITDA   [+]50.566.937.6
            EBITDA margin  25.9%45.9%34.6%
Depreciation  2.31.21.1
EBITA  48.265.836.5
            EBITA margin  24.7%45.1%33.6%
Amortization of intangibles  35.242.026.3
EBIT   [+]13.023.710.2
            EBIT margin  6.7%16.3%9.4%
Interest expense  31.518.7 
Other income (expense), net  18.51.30.0
Pre-tax income  0.06.310.1
Income taxes  -0.91.22.4
            Tax rate  12271.4%19.6%24.1%
Net income  0.95.17.7
            Net margin  0.4%3.5%7.1%
   
Basic EPS   [+]$0.01$0.03$0.08
Diluted EPS   [+]$0.01$0.03$0.08
   
Dividends per share  $1.24  
   
Shares outstanding (basic)   [+]157.9152.8100.5
Shares outstanding (diluted)   [+]159.2152.9100.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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