VIEMED HEALTHCARE, INC. (VMD) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18
	10-K	10-K	10-K	10-K	10-K
Revenues	138.8	117.1	131.3	80.3	64.5
Revenue growth	18.6%	-10.8%	63.6%	24.5%
Cost of goods sold	54.2	43.7	51.2	24.3	16.7
Gross profit	84.7	73.4	80.1	56.0	47.8
Gross margin	61.0%	62.7%	61.0%	69.8%	74.1%
Selling, general and administrative	68.2	54.9	52.8	41.4	34.3
Research and development	2.7	2.1	1.1	0.8
Equity in earnings	-0.9	-1.2	-0.1	0.1
Other operating expenses	3.9	3.1	3.3	3.5	2.8
EBITDA [+]	23.6	22.5	31.6	16.1	13.9
EBITDA growth	4.8%	-28.7%	96.5%	15.8%
EBITDA margin	17.0%	19.3%	24.1%	20.0%	21.6%
Depreciation and amortization	15.6	11.3	9.6	6.4	3.8
EBIT [+]	8.0	11.2	22.0	9.7	10.1
EBIT growth	-28.7%	-49.0%	127.5%	-4.2%
EBIT margin	5.8%	9.6%	16.8%	12.1%	15.7%
Non-recurring items [+]	0.7	0.9	-4.7	0.7	0.1
Loss (gain) on sale of assets	0.3	0.4	-2.3	0.4	0.1
Interest expense	0.2	0.3	0.5	0.3	0.2
Interest expense	0.2	0.3	0.5	0.3	0.2
Other income (expense), net [+]	1.9	2.5	0.2	0.1	-0.2
Change in fair value of warrants				-0.4	0.2
Other	1.0	1.6	4.0	0.0
Pre-tax income	9.0	12.5	26.4	8.8	9.7
Income taxes	2.8	3.4	-5.2	0.3	0.2
Tax rate	30.8%	27.0%		3.1%	1.7%
Net income	6.2	9.1	31.5	8.5	9.5
Net margin	4.5%	7.8%	24.0%	10.6%	14.7%

Basic EPS [+]	$0.16	$0.23	$0.81	$0.23	$0.25
Growth	-30.3%	-71.6%	260.1%	-9.9%
Diluted EPS [+]	$0.16	$0.22	$0.78	$0.21	$0.24
Growth	-30.3%	-71.2%	262.8%	-10.5%

Shares outstanding (basic) [+]	38.7	39.5	38.7	37.7	37.9
Growth	-2.1%	1.9%	2.7%	-0.5%
Shares outstanding (diluted) [+]	39.8	40.7	40.5	39.7	39.7
Growth	-2.1%	0.4%	2.0%	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.