Merus N.V. (MRUS) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	20-F	20-F
Revenues	49.1	29.9	31.1	38.4	2.7	2.0
Revenue growth	64.0%	-3.8%	-18.9%		37.5%
Cost of goods sold	0.0	0.0	0.0	0.0	52.3	48.5
Gross profit	49.1	29.9	31.1	38.4	-49.5	-46.5
Gross margin	100.0%	100.0%	100.0%	100.0%	-1822.3%	-2353.0%
Selling, general and administrative [+]	40.9	35.8	34.1	29.4	-26.1	-24.2
General and administrative	40.9	35.8	34.1	29.4
Research and development	98.2	70.0	55.7	54.8	-19.0	-16.4
Other operating expenses					19.0	16.4
EBITDA [+]	-88.7	-74.7	-57.8	-45.1
EBITDA growth	18.8%	29.4%	28.1%		5.1%
EBITDA margin	-180.7%	-249.5%	-185.5%	-117.5%	-861.1%	-1126.5%
Depreciation	1.0	0.9	0.7	0.5
EBITA	-89.7	-75.6	-58.4	-45.6	-23.4	-22.3
EBITA margin	-182.7%	-252.5%	-187.6%	-118.9%	-861.1%	-1126.5%
Amortization of intangibles	0.2	0.3	0.2	0.1
EBIT [+]	-90.0	-75.9	-58.7	-45.7	-23.4	-22.3
EBIT growth	18.6%	29.4%	28.2%		5.1%
EBIT margin	-183.2%	-253.4%	-188.4%	-119.2%	-861.1%	-1126.5%
Interest income, net [+]	-0.1	0.3	1.9	2.1
Interest expense	0.1
Interest income		0.3	1.9	2.1
Other income (expense), net [+]	23.5	-9.4	1.8	15.5	23.4	22.3
Gain (loss) on foreign currency transactions	24.7	-9.4	1.6	7.1
Other non-operating income				17.6
Other	-1.1		0.2	17.6
Pre-tax income	-66.6	-85.0	-55.0	-28.1	0.0	0.0
Income taxes	0.2	0.5	0.2	0.2	0.0	0.0
Net income	-66.8	-85.5	-55.2	-28.3	0.0	0.0
Net margin	-136.1%	-285.6%	-177.1%	-73.8%	0.0%	0.0%

Basic EPS [+]	($1.73)	($2.92)	($2.28)	($1.27)
Growth	-40.8%	28.4%	79.3%
Diluted EPS [+]	($1.73)	($2.92)	($2.28)	($1.27)
Growth	-40.8%	28.4%	79.3%

Shares outstanding (basic) [+]	38.6	29.3	24.2	22.3
Growth	32.1%	20.8%	8.7%
Shares outstanding (diluted) [+]	38.6	29.3	24.2	22.3
Growth	32.1%	20.8%	8.7%

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