LENSAR, Inc. [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	10-K
Revenues:
KOREA, REPUBLIC OF	2.2	4.4	3.1	7.9
UNITED STATES	18.8	15.0	11.6	10.9
Other	8.5	10.1	11.7	11.7
Total revenues	29.4	29.5	26.4	30.5
Revenue growth [+]	-0.2%	11.8%	-13.6%
KOREA, REPUBLIC OF	-50.2%	42.3%	-60.9%
UNITED STATES	25.1%	29.3%	6.3%
Cost of goods sold	0.0	0.0	12.3	17.3
Gross profit	29.4	29.5	14.1	13.2
Gross margin	100.0%	100.0%	53.4%	43.3%
Selling, general and administrative			23.8	17.1
Research and development			7.6	7.6
Other operating expenses	29.4	29.5
EBITDA [+]			-15.9	-8.8
EBITDA growth		-100.0%	80.1%
EBITDA margin	0.0%	0.0%	-60.4%	-29.0%
Depreciation	-1.1	-1.2	1.3	2.6
EBITA	1.1	1.2	-17.2	-11.5
EBITA margin	3.9%	4.2%	-65.4%	-37.6%
Amortization of intangibles	1.1	1.2	1.3	1.2
EBIT [+]	0.0	0.0	-18.5	-12.7
EBIT growth		-100.0%	45.5%
EBIT margin	0.0%	0.0%	-70.1%	-41.6%
Interest expense			1.3	2.0
Interest expense			1.3	2.0
Other income (expense), net	-19.9	-19.6	0.1	0.1
Pre-tax income	-19.9	-19.6	-19.8	-14.7
Income taxes	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%
Net income	-19.9	-19.6	-19.8	-14.7
Net margin	-67.6%	-66.5%	-75.0%	-48.0%

Basic EPS [+]	($1.96)	($2.09)	($4.28)	($13.70)
Growth	-6.3%	-51.1%	-68.8%
Diluted EPS [+]	($1.96)	($2.09)	($4.28)	($13.70)
Growth	-6.3%	-51.1%	-68.8%

Shares outstanding (basic) [+]	10.2	9.4	4.6	1.1
Growth	8.4%	102.9%	331.9%
Shares outstanding (diluted) [+]	10.2	9.4	4.6	1.1
Growth	8.4%	102.9%	331.9%

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