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Fintech Acquisition Corp. III (FTAC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-19Dec-31-18
   10-K10-K
Revenues  -0.2-0.1
            Revenue growth  173.1% 
Cost of goods sold  1.90.1
Gross profit  -2.1-0.2
            Gross margin  1032.1%293.6%
EBIT   [+]-2.1-0.2
            EBIT margin  1032.1%293.6%
Interest income  2.1 
Other income (expense), net  5.90.9
Pre-tax income  5.90.7
Income taxes  1.60.2
            Tax rate  27.7%25.1%
Net income  4.30.5
            Net margin  -2137.4%-741.4%
   
Basic EPS   [+]$0.10$0.01
Diluted EPS   [+]$0.10$0.01
   
Shares outstanding (basic)  44.344.3
Shares outstanding (diluted)  44.344.3
   
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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