Benson Hill, Inc. [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:
Domestic Sales	369.6
Proprietary	72.6	38.0
Other		52.9
Total revenues	381.2	90.9	59.1	79.5
Revenue growth [+]	319.2%	54.0%	-25.7%
Proprietary	90.8%
Cost of goods sold	377.7	96.8	54.4	71.0
Gross profit	3.5	-5.9	4.6	8.6
Gross margin	0.9%	-6.5%	7.9%	10.8%
Selling, general and administrative	81.0	71.9	29.5	27.5
Research and development	47.5	40.6	29.5	24.8
EBITDA [+]	-102.2	-105.6	-46.8	-39.9
EBITDA growth	-3.3%	125.8%	17.2%
EBITDA margin	-26.8%	-116.1%	-79.2%	-50.2%
Depreciation	22.1	12.3	7.1	2.9
EBITA	-124.2	-117.9	-53.8	-42.9
EBITA margin	-32.6%	-129.6%	-91.1%	-53.9%
Amortization of intangibles	0.8	0.6	0.4	0.8
EBIT [+]	-125.0	-118.4	-54.3	-43.7
EBIT growth	5.6%	118.2%	24.2%
EBIT margin	-32.8%	-130.2%	-91.9%	-55.0%
Non-recurring items [+]			3.0
Asset impairment			3.0
Interest expense	21.4	4.5	6.6	0.2
Interest expense	21.4	4.5	6.6	0.2
Other income (expense), net [+]	46.8	0.9	-0.7	0.0
Gain (loss) on debt retirement		-11.7
Change in fair value of warrants	-49.1	-12.1	0.7
Other	-2.3	0.5	0.0	0.0
Pre-tax income	-99.6	-122.0	-64.5	-43.9
Income taxes	0.1	0.2	0.0	0.0
Net income	-127.9	-126.2	-67.2	-43.9
Net margin	-33.6%	-138.8%	-113.7%	-55.2%

Basic EPS [+]	($0.55)	($1.00)	($0.77)	($0.65)
Growth	-44.7%	29.5%	19.4%
Diluted EPS [+]	($0.55)	($1.00)	($0.77)	($0.65)
Growth	-44.7%	29.5%	19.4%

Shares outstanding (basic) [+]	179.9	121.8	83.3	67.7
Growth	47.6%	46.3%	23.0%
Shares outstanding (diluted) [+]	179.9	121.8	83.3	67.7
Growth	47.6%	46.3%	23.0%

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