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Millennium Sustainable Ventures Corp. (SMCG)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20
   10-K10-K
Revenues:  
    Cannabis  0.0 
Total revenues  0.00.2
            Revenue growth  -73.3% 
Cost of goods sold  2.47.6
Gross profit  -2.3-7.4
            Gross margin  -5562.4%-4747.9%
Selling, general and administrative   [+]1.50.7
Other operating expenses  3.6-0.5
EBITDA   [+]-7.4 
            EBITDA margin  -17752.8%-4847.9%
Depreciation and amortization  0.0 
EBIT   [+]-7.4-7.6
            EBIT margin  -17781.8%-4847.9%
Interest income  0.10.1
Other income (expense), net   [+]0.11.0
Pre-tax income  -7.2-6.5
Income taxes  0.00.0
            Tax rate  0.0%0.0%
Net income  -7.2-6.5
            Net margin  -17269.5%-4154.8%
   
Basic EPS   [+]($0.66)($0.59)
Diluted EPS   [+]($0.66)($0.59)
   
Shares outstanding (basic)  11.011.0
Shares outstanding (diluted)  11.011.0
   
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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