Talkspace, Inc. (HEC) [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	119.6	113.7	76.2	38.2
Revenue growth	5.2%	49.2%	99.6%
Cost of goods sold	59.2	46.9	26.4	18.0
Gross profit	60.3	66.8	49.8	20.1
Gross margin	50.5%	58.7%	65.4%	52.7%
Selling, general and administrative [+]	109.1	135.4	57.9	32.9
Sales and marketing	72.8	100.6	47.7	27.5
General and administrative	36.3	34.8	10.2	5.4
Research and development	21.7	15.9	9.6	12.0
Other operating expenses	6.6	9.4	4.3	4.7
EBITDA [+]	-75.7	-92.0	-21.6	-29.4
EBITDA growth	-17.7%	325.6%	-26.4%
EBITDA margin	-63.3%	-80.9%	-28.4%	-76.9%
Depreciation	0.5	0.2	0.1	0.1
EBITA	-76.1	-92.1	-21.7	-29.4
EBITA margin	-63.7%	-81.0%	-28.5%	-77.1%
Amortization of intangibles	0.9	1.8	0.3
EBIT [+]	-77.0	-93.9	-22.0	-29.4
EBIT growth	-18.0%	327.3%	-25.3%
EBIT margin	-64.4%	-82.6%	-28.9%	-77.1%
Non-recurring items [+]	6.1
Asset impairment	6.1
Other income (expense), net	3.7	31.2	-0.4	0.4
Pre-tax income	-79.4	-62.7	-22.3	-29.1
Income taxes	0.3	0.0	0.0	0.0
Net income	-79.7	-62.7	-22.4	-29.1
Net margin	-66.6%	-55.2%	-29.4%	-76.2%

Basic EPS [+]	($0.51)	($0.72)	($1.67)	($2.29)
Growth	-29.8%	-56.8%	-26.8%
Diluted EPS [+]	($0.51)	($0.72)	($1.67)	($2.29)
Growth	-29.8%	-56.8%	-26.8%

Shares outstanding (basic) [+]	156.9	86.8	13.4	12.7
Growth	80.8%	549.6%	5.0%
Shares outstanding (diluted) [+]	156.9	86.8	13.4	12.7
Growth	80.8%	549.6%	5.0%

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