Pulmatrix, Inc. (PULM) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Mar-31-15
Revenues	5.2	12.6	7.9	0.2	0.3	0.8	1.2	0.0
Revenue growth	-59.1%	59.7%	5069.9%	-54.3%	-59.9%	-30.5%	241.2%
Cost of goods sold	0.0	0.0	0.0	0.0	0.0	-30.7	0.0	0.0
Gross profit	5.2	12.6	7.9	0.2	0.3	31.6	1.2	0.0
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	3780.2%	100.0%
Selling, general and administrative								4.5
Research and development	15.4	15.6	12.8	13.0	10.2	10.2	7.2	2.2
General and administrative	6.4	6.9	8.5	7.5	7.6	8.0	17.0
EBIT	-16.6	-9.9	-13.4	-20.3	-17.5	-12.3	-23.0	-6.7
EBIT margin	-321.0%	-78.1%	-169.7%	-13288.2%	-5216.4%	-1473.4%	-1916.6%
Pre-tax income	-20.2	-19.3	-20.6	-20.6	-18.1	-30.8	-26.2	-6.7
Income taxes	0.0	0.0	0.0	0.0	0.0	-3.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%	9.6%	0.0%	0.0%
Net income	-23.4	-19.3	-20.6	-20.6	-18.1	-27.8	-26.2	-6.7
Net margin	-452.1%	-152.8%	-260.4%	-13439.9%	-5389.9%	-3334.5%	-2178.8%

Diluted EPS	($8.63)	($13.43)	($1.23)	($4.98)	($9.32)	($1.88)	($3.23)	($1.39)
Shares outstanding (diluted)	2.7	1.4	16.7	4.1	1.9	14.8	8.1	4.8

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