LUXURBAN HOTELS INC. [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19
	S-1	S-1	S-1/A
Revenues	21.4	8.3	5.4
Revenue growth	158.4%	52.3%
Cost of goods sold	19.3	11.2	4.7
Gross profit	2.1	-3.0	0.7
Gross margin	9.9%	-35.8%	13.3%
Selling, general and administrative [+]	5.7	2.2	0.8
Sales and marketing			0.0
General and administrative [+]	5.7	2.2	0.8
General and administrative expenses	2.8	1.1	0.8
Professional fees	0.2	0.1
Other selling, general and administrative			0.0
Other operating expenses	-2.8	-1.1
EBIT [+]	-0.7	-4.1	-0.1
EBIT growth	-82.0%	3802.0%
EBIT margin	-3.4%	-49.1%	-1.9%
Interest expense	1.6	0.6	0.4
Interest expense	1.6	0.6	0.4
Other income (expense), net [+]	0.1	0.0	0.0
Other non-operating income	0.1	0.0
Other	-0.1	0.0	0.0
Pre-tax income	-2.2	-4.6	-0.5
Income taxes	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%
Net income	-2.2	-4.6	-0.5
Net margin	-10.4%	-55.8%	-8.8%



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