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Danimer Scientific, Inc. (LOAK.U)

Income Statement Business | Product

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-KS-1/A
Revenues:  
    Domestic     20.7
    Germany  6.612.26.79.3
    Other  52.135.225.60.5
Total revenues   [+]58.747.332.330.5
            Revenue growth   [+]24.1%46.3%6.2% 
Cost of goods sold  146.558.547.019.2
Gross profit  -87.8-11.1-14.611.2
            Gross margin  -149.4%-23.5%-45.2%36.9%
Selling, general and administrative  11.74.63.57.3
Research and development     5.1
Other operating expenses  -10.4-14.6-8.9 
EBITDA   [+]-89.0-1.1-9.2 
            EBITDA margin  -151.6%-2.3%-28.5%-3.9%
Depreciation  9.64.13.0 
EBITA  -98.6-5.2-12.2-1.2
            EBITA margin  -167.9%-11.0%-37.8%-3.9%
Amortization of intangibles  2.10.50.5 
EBIT   [+]-100.7-5.7-12.7-1.2
            EBIT margin  -171.4%-12.0%-39.4%-3.9%
Non-recurring items   [+]   -4.4
Interest income     0.4
Other income (expense), net   [+]27.4-3.2-2.7-3.3
Pre-tax income  -73.3-8.9-15.40.3
Income taxes  -13.20.04.10.1
            Tax rate  18.0%0.0% 19.7%
Net income  -60.1-8.9-19.50.2
            Net margin  -102.3%-18.7%-60.3%0.7%
   
Basic EPS   [+]($0.65)($0.30)($0.77)$0.09
Diluted EPS   [+]($0.65)($0.30)($0.77)$0.07
   
Shares outstanding (basic)   [+]93.129.625.32.4
Shares outstanding (diluted)   [+]93.129.625.33.0
   
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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