Shift Technologies Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Jun '23 Jun 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Operating Revenue	316.35	643.75	614.24	189.33	163.09	129.2
Other Revenue	12.46	27.01	22.63	6.39	3.15	2.62
Revenue	328.81	670.75	636.87	195.72	166.24	131.81
Revenue Growth (YoY)	-59.87%	5.32%	225.40%	17.74%	26.12%	39.43%
Cost of Revenue	311.26	636.82	588.08	183.54	168	126.42
Gross Profit	17.54	33.93	48.79	12.18	-1.76	5.39
Selling, General & Admin	137.29	192.24	219.91	83.9	71.86	44.7
Operating Expenses	149.93	202.69	225.5	88.43	75.08	47.23
Operating Income	-132.39	-168.76	-176.71	-76.25	-76.84	-41.84
Interest Expense	-11.02	-10.95	-8.08	-7.65	-3.78	-3.17
Interest & Investment Income	-	-	-	-	-	0.14
Other Non Operating Income (Expenses)	-	-	18.89	24.75	0.14	-
EBT Excluding Unusual Items	-143.41	-179.71	-165.9	-59.15	-80.48	-44.87
Merger & Restructuring Charges	-49.27	-51.37	-0.14	-	-	-
Impairment of Goodwill	-0.5	-0.5	-	-	-	-
Asset Writedown	-19.09	-16.82	-	-	-	-
Other Unusual Items	76.69	76.69	-	-	-	-
Pretax Income	-135.58	-171.72	-166.04	-59.15	-80.48	-44.87
Income Tax Expense	0.17	0.33	0.23	-	-	-
Net Income	-136.67	-172.04	-166.27	-59.15	-80.48	-44.87
Net Income to Common	-136.67	-172.04	-166.27	-59.15	-80.48	-44.87
Shares Outstanding (Basic)	13	9	8	2	0	3
Shares Outstanding (Diluted)	13	9	8	2	0	3
Shares Change (YoY)	65.83%	10.58%	312.56%	495.17%	-87.85%	-8.86%
EPS (Basic)	-10.42	-19.92	-21.29	-31.24	-252.99	-17.14
EPS (Diluted)	-10.43	-19.92	-21.29	-31.24	-252.99	-17.14
Free Cash Flow	-78.26	-115.08	-218.57	-86.84	-29.9	-64.57
Free Cash Flow Per Share	-5.97	-13.32	-27.98	-45.86	-93.98	-24.67
Gross Margin	5.34%	5.06%	7.66%	6.22%	-1.06%	4.09%
Operating Margin	-40.26%	-25.16%	-27.75%	-38.96%	-46.23%	-31.74%
Profit Margin	-41.56%	-25.65%	-26.11%	-30.22%	-48.42%	-34.04%
Free Cash Flow Margin	-23.80%	-17.16%	-34.32%	-44.37%	-17.98%	-48.98%
EBITDA	-129.4	-165.77	-174.86	-75.32	-76.32	-41.81
EBITDA Margin	-39.35%	-24.71%	-27.46%	-38.48%	-45.91%	-31.72%
D&A For EBITDA	2.99	2.99	1.85	0.94	0.52	0.03
EBIT	-132.39	-168.76	-176.71	-76.25	-76.84	-41.84
EBIT Margin	-40.26%	-25.16%	-27.75%	-38.96%	-46.23%	-31.74%
Revenue as Reported	328.81	670.75	636.87	195.72	166.24	131.81
Advertising Expenses	-	32.3	49.8	21.6	5.6	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.