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Income Statement
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SpringBig Holdings, Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20
   S-1/A10-K/AS-1/A
Revenues  26.60.015.2
            Revenue growth   -100.0% 
Cost of goods sold  6.70.00.5
Gross profit  19.90.014.7
            Gross margin  74.8% 96.6%
Selling, general and administrative   [+]12.32.04.8
Other operating expenses  20.7 7.0
EBITDA   [+]-12.9 2.9
            EBITDA margin  -48.3% 19.0%
Depreciation and amortization  0.3 0.0
EBIT   [+]-13.1-2.02.9
            EBIT margin  -49.3% 18.9%
Non-recurring items  4.2  
Interest expense, net   [+]0.00.0 
Other income (expense), net   [+]5.19.7-4.5
Pre-tax income  -13.17.7-1.6
Income taxes  0.00.00.0
            Tax rate   0.0%0.0%
Net income  -13.17.7-1.6
            Net margin  -49.1% -10.5%
   
Basic EPS   [+]($0.59)$0.35($0.11)
Diluted EPS   [+]($0.59)$0.34($0.11)
   
Shares outstanding (basic)   [+]22.322.314.0
Shares outstanding (diluted)   [+]22.322.414.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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