ICAD INC (ICAD) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Detection OEM Partners	7.3	8.7	8.3
Four OEM Partners	5.9
Detection	19.8	22.0	22.0	22.3	16.9	18.3	17.1	19.2
Non-US	7.0	7.5	6.1	3.8	3.2	3.9	2.3
Other				5.2	5.0	5.3	6.9	22.3
Total revenues [+]	27.9	33.6	29.7	31.3	25.1	27.5	26.3	41.6
Products								14.2
Services								27.4
Revenue growth [+]	-16.9%	13.3%	-5.2%	25.0%	-8.9%	4.5%	-36.6%	-5.4%
Detection OEM Partners	-16.9%	5.2%
Detection	-10.1%	0.1%	-1.4%	32.3%	-7.9%	6.9%	-11.0%	3.4%
Non-US	-6.7%	23.0%	60.5%	18.8%	-17.9%	69.6%
Products								-24.0%
Cost of goods sold [+]	8.1	9.4	8.3	7.1	6.2	9.9	7.8	12.2
Cost of product sales								3.1
Cost of services								7.4
Depreciation and amortization				0.4	0.4	1.0	1.2
Gross profit	19.8	24.2	21.4	24.2	18.9	17.6	18.5	29.4
Gross margin	70.9%	72.1%	71.9%	77.3%	75.3%	63.9%	70.3%	70.6%
Selling, general and administrative [+]	24.9	25.5	22.4	21.1	17.8	18.4	17.9	21.2
Sales and marketing	13.7	15.1	13.3	13.6	8.7	10.5	10.2	12.4
General and administrative	11.2	10.4	9.1	7.4	9.1	7.9	7.7	8.8
Research and development	8.6	9.2	8.1	9.3	9.4	9.3	9.5	9.2
Other operating expenses					-0.5	1.9
EBITDA [+]	-13.4	-10.2	-8.8	-5.7	-7.4	-11.0	-7.7	0.7
EBITDA growth	31.8%	15.5%	54.0%	-22.9%	-32.5%	43.5%	-1176.5%	-83.6%
EBITDA margin	-48.0%	-30.2%	-29.7%	-18.3%	-29.6%	-40.0%	-29.1%	1.7%
Depreciation	0.3	0.3	0.3	0.3	0.3	1.0	1.3	1.6
EBITA	-13.7	-10.5	-9.1	-6.0	-7.7	-12.0	-9.0	-0.9
EBITA margin	-49.1%	-31.2%	-30.6%	-19.2%	-30.9%	-43.6%	-34.1%	-2.1%
Amortization of intangibles	0.2	0.2	0.3	0.4	0.4	0.5	1.0	1.8
EBIT [+]	-13.9	-10.7	-9.4	-6.4	-8.1	-12.5	-10.0	-2.6
EBIT growth	29.8%	14.3%	46.8%	-21.3%	-34.9%	25.3%	278.2%	-423.4%
EBIT margin	-49.8%	-31.9%	-31.6%	-20.4%	-32.4%	-45.4%	-37.9%	-6.3%
Non-recurring items [+]						1.7		27.4
Asset impairment						6.7		27.4
Loss (gain) on sale of assets						-2.5
Loss (gain) on sale of business						-2.5
Interest expense, net [+]	-0.2	0.1	0.4	0.4	0.4	0.1	0.0	0.4
Interest expense	0.0	0.1	0.5	0.8	0.5	0.1	0.0	0.4
Interest income	0.2	0.0	0.1	0.3	0.1	0.0	0.0	0.0
Other income (expense), net [+]	0.0	-0.4	-7.8	-6.7	-0.5	0.0	-0.1	-1.9
Gain (loss) on debt retirement		-0.4	-0.3					-1.7
Other non-operating income				0.3	0.1	0.1	0.0	0.0
Other	0.0			-0.3	-0.1	-0.1	0.0	0.0
Pre-tax income	-13.8	-11.2	-17.6	-13.5	-9.0	-14.3	-10.0	-32.4
Income taxes	-0.1	0.0	0.0	0.0	0.0	0.0	0.1	0.0
Tax rate	0.8%					0.1%
Net income	-13.7	-11.2	-17.6	-13.6	-9.0	-14.3	-10.1	-32.4
Net margin	-48.9%	-33.4%	-59.3%	-43.2%	-36.0%	-51.8%	-38.3%	-78.1%

Basic EPS [+]	($0.54)	($0.45)	($0.80)	($0.74)	($0.54)	($0.87)	($0.63)	($2.07)
Growth	19.4%	-42.9%	7.9%	36.4%	-38.0%	37.6%	-69.4%	2789.8%
Diluted EPS [+]	($0.54)	($0.45)	($0.80)	($0.74)	($0.54)	($0.87)	($0.63)	($2.07)
Growth	19.4%	-42.9%	7.9%	36.4%	-38.0%	37.6%	-69.4%	2789.8%

Shares outstanding (basic) [+]	25.2	24.8	22.1	18.4	16.7	16.3	15.9	15.7
Growth	1.7%	11.9%	20.5%	10.1%	2.1%	2.6%	1.6%	11.3%
Shares outstanding (diluted) [+]	25.2	24.8	22.1	18.4	16.7	16.3	15.9	15.7
Growth	1.7%	11.9%	20.5%	10.1%	2.1%	2.6%	1.6%	11.3%

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