Hyliion Holdings Corp. (SHLL) [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	2.1	0.2	0.0	0.0
Revenue growth	953.0%
Cost of goods sold	8.8	2.7	0.0	0.0
Gross profit	-6.7	-2.5	0.0	0.0
Gross margin	-316.8%	-1268.5%
Selling, general and administrative	42.0	35.3	9.6	2.7
Research and development	110.4	58.3	12.6	9.3
Other operating expenses	0.0	0.7
EBITDA [+]	-157.8	-95.9	-21.3	-11.0
EBITDA growth	64.5%	349.7%	94.4%
EBITDA margin	-7493.9%	-47971.5%
Depreciation and amortization	1.2	0.9	0.9	1.0
EBIT [+]	-159.0	-96.8	-22.2	-12.0
EBIT growth	64.3%	336.5%	84.9%
EBIT margin	-7552.2%	-48413.5%
Non-recurring items [+]	0.0	-0.7
Asset impairment	0.0	-0.7
Interest expense, net [+]	-5.7	-0.8	5.5	3.3
Interest expense			5.5	3.3
Interest income	5.7	0.8	0.0
Other income (expense), net [+]	-0.1	-0.7	351.8	1.1
Gain (loss) on debt retirement			-10.2
Unrealized gain/loss on derivatives			361.9	1.1
Change in fair value of warrants			363.3
Other	0.0		0.0	0.0
Pre-tax income	-153.4	-96.0	324.1	-14.1
Income taxes	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%
Net income	-153.4	-96.0	324.1	-14.1
Net margin	-7281.9%	-48024.0%

Basic EPS [+]	($0.87)	($0.56)	$3.11	($0.16)
Growth	56.8%	-118.0%	-2007.4%
Diluted EPS [+]	($0.87)	($0.56)	$2.88	($0.16)
Growth	56.8%	-119.4%	-1867.6%

Shares outstanding (basic) [+]	175.4	172.2	104.3	86.6
Growth	1.8%	65.1%	20.4%
Shares outstanding (diluted) [+]	175.4	172.2	112.6	86.6
Growth	1.8%	53.0%	29.9%

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