Meten Edtechx Education Group Ltd. (METX)

Income Statement (Annual)

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

Millions USD. Fiscal year is Jan - Dec.

Year	2021	2020	2019	2018	2017
Revenue	729	897.04	1,447.9	1,424.23	1,149.72
Revenue Growth (YoY)	-18.73%	-38.05%	1.66%	23.88%	-
Cost of Revenue	483.7	607.08	755.36	628	467.97
Gross Profit	245.3	289.96	692.54	796.24	681.75
Selling, General & Admin	592.31	658.87	887.89	718.37	610.57
Research & Development	18.41	31.88	32.33	26.18	21.22
Operating Expenses	610.72	690.75	920.22	744.55	631.79
Operating Income	-365.42	-400.79	-227.68	51.69	49.96
Interest Expense / Income	2.4	6.1	2.45	0.01	0.01
Other Expense / Income	36.72	-1.71	-20.34	-20.03	-10.15
Pretax Income	-404.54	-405.18	-209.8	71.71	60.1
Income Tax	-20.24	5.8	9.61	14.45	19.54
Net Income	-384.3	-410.99	-219.4	57.25	40.56
Preferred Dividends	0	0	0	9.81	19
Net Income Common	-384.3	-410.99	-219.4	47.44	21.56
Net Income Growth	-	-	-	120.04%	-
Shares Outstanding (Basic)	14	2	2	2	9
Shares Outstanding (Diluted)	12	2	2	2	10
Shares Change	448.59%	36.06%	2.98%	-83.78%	-
EPS (Basic)	-28.19	-221.51	-136.02	31.20	2.40
EPS (Diluted)	-31.92	-187.26	-136.02	30.30	2.10
EPS Growth	-	-	-	1343.00%	-
Free Cash Flow Per Share	-39.01	-186.55	-66.97	9.60	19.91
Gross Margin	33.65%	32.32%	47.83%	55.91%	59.30%
Operating Margin	-50.13%	-44.68%	-15.72%	3.63%	4.35%
Profit Margin	-52.72%	-45.82%	-15.15%	3.33%	1.88%
Free Cash Flow Margin	-72.97%	-38.59%	-7.46%	1.02%	16.29%
Effective Tax Rate	5.00%	-1.43%	-4.58%	20.16%	32.51%
EBITDA	-291.79	-217.66	-14.06	126.66	96.88
EBITDA Margin	-40.03%	-24.27%	-0.97%	8.89%	8.43%
Depreciation & Amortization	110.35	181.42	193.28	54.94	36.77
EBIT	-402.14	-399.08	-207.34	71.72	60.11
EBIT Margin	-55.16%	-44.49%	-14.32%	5.04%	5.23%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).