Clever Leaves Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	17.42	16.41	15.37	12.12	7.83
Revenue Growth (YoY)	6.14%	6.74%	26.88%	54.67%	-
Cost of Revenue	10.86	9.19	8.57	4.7	4.73
Gross Profit	6.56	7.22	6.81	7.41	3.1
Selling, General & Admin	20.03	25.73	42.19	31.4	38.16
Research & Development	1.14	1.72	1.55	1.01	-
Operating Expenses	22.15	28.69	45.51	34.26	39.64
Operating Income	-15.59	-21.47	-38.7	-26.85	-36.54
Interest Expense	-0.05	-2.67	-6.82	-4.46	-2.68
Earnings From Equity Investments	-	-0.06	-0.1	-0	-0.1
Currency Exchange Gain (Loss)	-0.43	-0.96	-1.28	-0.49	-1.58
Other Non Operating Income (Expenses)	0.08	1.87	17.36	10.41	-0.96
EBT Excluding Unusual Items	-15.99	-23.3	-29.53	-21.39	-41.85
Merger & Restructuring Charges	-	-6.45	-	-	-
Impairment of Goodwill	-	-	-18.51	-1.68	-
Gain (Loss) on Sale of Investments	-3.74	6.85	-	-0.46	-0.76
Asset Writedown	-	-19	-	-	-
Other Unusual Items	-	-2.26	3.26	-2.36	-3.37
Pretax Income	-19.73	-44.16	-44.78	-25.9	-45.98
Income Tax Expense	0.07	-6.35	0.95	-	-
Earnings From Continuing Operations	-19.8	-37.8	-45.73	-25.9	-45.98
Earnings From Discontinued Operations	1.9	-28.36	-	-	-
Net Income to Company	-17.9	-66.17	-45.73	-25.9	-45.98
Minority Interest in Earnings	-	-	-	-	6.45
Net Income	-17.9	-66.17	-45.73	-25.9	-39.53
Preferred Dividends & Other Adjustments	-	-	-	10.22	-
Net Income to Common	-17.9	-66.17	-45.73	-36.11	-39.53
Shares Outstanding (Basic)	2	1	1	0	0
Shares Outstanding (Diluted)	2	1	1	0	0
Shares Change (YoY)	22.49%	49.44%	137.53%	38.40%	-
EPS (Basic)	-11.42	-51.70	-53.40	-100.17	-151.75
EPS (Diluted)	-11.42	-51.70	-53.40	-100.17	-151.75
Free Cash Flow	-11.54	-30.37	-43.51	-25.63	-55.73
Free Cash Flow Per Share	-7.36	-23.73	-50.81	-71.08	-213.93
Gross Margin	37.64%	43.98%	44.29%	61.18%	39.60%
Operating Margin	-89.53%	-130.83%	-251.72%	-221.56%	-466.43%
Profit Margin	-102.77%	-403.20%	-297.42%	-298.04%	-504.60%
Free Cash Flow Margin	-66.25%	-185.08%	-283.03%	-211.49%	-711.35%
EBITDA	-13.22	-17.8	-35.19	-23.26	-35.06
EBITDA Margin	-75.90%	-108.46%	-228.90%	-191.93%	-
D&A For EBITDA	2.37	3.67	3.51	3.59	1.48
EBIT	-15.59	-21.47	-38.7	-26.85	-36.54
EBIT Margin	-89.53%	-130.83%	-251.72%	-221.56%	-

Updated Apr 1, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.