MARIMED INC. (WORX) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Real Estate		6.5	6.8	6.8	6.4	2.5
Supply Procurement		2.1	1.5	3.6	3.0	1.9
Management					1.6	1.2
Licensing					0.7	0.3
Other		112.8	42.6	35.2	0.1	0.2
Total revenues	134.0	121.5	50.9	45.6	11.9	6.1	3.6	1.3
Revenue growth [+]	10.3%	138.7%	11.6%	284.8%	95.3%	70.2%	180.6%	1337.1%
Real Estate		-3.4%	-0.9%	6.1%	155.9%
Supply Procurement		36.0%	-56.4%	17.9%	55.7%
Management					32.5%
Licensing					160.0%
Other		-74.2%	-97.6%	-57.1%	49588.2%
Cost of goods sold	70.1	55.2	19.6	26.9	4.0	2.2	1.6	1.6
Gross profit	64.0	66.3	31.3	18.7	7.8	3.9	1.9	-0.3
Gross margin	47.7%	54.6%	61.5%	41.0%	65.9%	63.9%	54.6%	-23.4%
Selling, general and administrative [+]	38.9	29.2	10.3	13.0	11.7	3.7	1.2	1.7
Sales and marketing	3.7	1.6	0.4	0.4	0.3	0.1	0.3	0.0
General and administrative [+]	20.7	27.6	9.9	8.8	10.1	2.9	0.7	0.2
General and administrative expenses	20.7	27.6	9.9	8.8	10.1	2.9	0.7	0.8
Other selling, general and administrative	14.4			3.8	1.3	0.7	0.2	1.4
Research and development								0.1
Other operating expenses	3.8	10.2	6.5	47.2	1.5			-0.7
EBITDA [+]	26.0	29.7	16.7	-40.3	-4.7	0.5	1.0	-0.5
EBITDA growth	-12.2%	77.4%	-141.4%	758.5%	-1058.1%	-52.9%	-314.8%	-93.4%
EBITDA margin	19.4%	24.4%	32.8%	-88.4%	-39.6%	8.1%	29.2%	-38.1%
Depreciation	3.4	2.1	1.8	1.0	0.7	0.4	0.3	0.8
EBITA	22.6	27.6	14.9	-41.3	-5.4	0.1	0.8	-1.3
EBITA margin	16.9%	22.7%	29.3%	-90.6%	-45.2%	2.1%	21.8%	-104.2%
Amortization of intangibles	1.3	0.7	0.4	0.2				0.4
EBIT [+]	21.3	26.9	14.5	-41.5	-5.4	0.1	0.8	-1.7
EBIT growth	-20.6%	84.9%	-135.0%	675.4%	-4295.9%	-83.5%	-145.9%	-77.0%
EBIT margin	15.9%	22.1%	28.6%	-91.1%	-45.2%	2.1%	21.8%	-133.1%
Non-recurring items	1.0
Interest expense, net [+]	0.7	2.2	9.7	12.3	3.8	0.5	0.3	0.2
Interest expense	1.7	2.4	9.8	12.7	4.4	0.6	0.3	0.2
Interest income	1.0	0.1	0.2	0.5	0.6	0.1
Other income (expense), net [+]	-0.1	-0.8	-0.4	-28.0	-4.2	-0.6	-0.2	0.1
Gain (loss) on investments		-1.1	0.1	-30.3	0.0
Gain (loss) on debt retirement				0.0	-4.1	0.9
Other	0.1	0.3	-0.1	2.9	0.0	-0.2
Pre-tax income	19.5	23.8	4.5	-81.8	-13.3	-1.0	0.3	-1.8
Income taxes	5.9	16.2	2.1	0.1	0.3	0.2	0.5	0.0
Tax rate	30.2%	68.0%	46.0%				161.9%	0.0%
Minority interest		0.4	0.3	-0.7	0.3	0.2	0.5
Net income	13.5	7.2	2.1	-81.2	-13.6	-1.2	-0.2	-1.8
Net margin	10.0%	5.9%	4.2%	-178.0%	-114.8%	-19.7%	-5.6%	-145.4%

Basic EPS [+]	$0.04	$0.02	$0.01	($0.39)	($0.07)	($0.01)	$0.00	($0.06)
Growth	79.5%	175.6%	-102.1%	450.0%	588.6%	168.6%	-93.4%	-75.2%
Diluted EPS [+]	$0.04	$0.02	$0.01	($0.39)	($0.07)	($0.01)	$0.00	($0.06)
Growth	82.2%	193.3%	-101.7%	450.0%	588.6%	168.6%	-93.4%	-75.2%

Dividends per share [+]		$0.00	$0.00	$0.00	$0.00	$0.00
Growth	-100.0%	8.5%	-49.1%	-36.7%	-27.7%

Shares outstanding (basic) [+]	339.0	326.5	267.0	208.7	192.4	116.3	52.0	32.0
Growth	3.8%	22.3%	27.9%	8.5%	65.4%	123.5%	62.7%	0.2%
Shares outstanding (diluted) [+]	381.1	372.4	324.2	208.7	192.4	116.3	52.0	32.0
Growth	2.3%	14.9%	55.3%	8.5%	65.4%	123.5%	62.7%	0.2%

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