System1 Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018
Revenue	401.97	612.23	688.39	475.98	407.49	265.53
Revenue Growth (YoY)	-34.34%	-11.06%	44.63%	16.81%	53.46%	-
Cost of Revenue	248.75	438.84	521.11	341	275.77	171.03
Gross Profit	153.23	173.39	167.28	134.98	131.72	94.5
Selling, General & Admin	160.81	188.88	102.56	78.53	68.35	66.52
Other Operating Expenses	78.4	442.2	13.89	13.83	12.39	5.31
Operating Expenses	239.22	631.07	116.45	92.36	80.74	71.84
Operating Income	-85.99	-457.68	50.83	42.62	50.98	22.66
Interest Expense / Income	48.75	31.61	16.87	24.35	26.03	18.98
Other Expense / Income	112.86	-50.22	-	-47.4	15.45	5.67
Pretax Income	-247.59	-439.07	33.96	65.67	9.5	-1.98
Income Tax	-20.37	-108.68	0.97	1.91	0.7	0
Net Income	-227.22	-330.39	33	63.76	8.8	-1.98
Net Income Growth	-	-	-48.25%	624.97%	-	-
Shares Outstanding (Basic)	91	89	20	20	20	-
Shares Outstanding (Diluted)	91	89	20	20	20	-
Shares Change	2.40%	335.91%	-	-	-	-
EPS (Basic)	-2.48	-3.70	1.61	3.11	0.43	-0.11
EPS (Diluted)	-2.48	-3.70	1.61	3.11	0.43	-0.11
EPS Growth	-	-	-48.23%	623.26%	-	-
Free Cash Flow	-32.7	-6.62	54.17	40.42	26.02	12
Free Cash Flow Per Share	-0.36	-0.07	2.64	1.97	1.27	-
Gross Margin	38.12%	28.32%	24.30%	28.36%	32.33%	35.59%
Operating Margin	-21.39%	-74.76%	7.38%	8.95%	12.51%	8.54%
Profit Margin	-56.53%	-53.97%	4.79%	13.40%	2.16%	-0.75%
Free Cash Flow Margin	-8.14%	-1.08%	7.87%	8.49%	6.38%	4.52%
Effective Tax Rate	-	-	2.84%	2.90%	7.39%	-
EBITDA	-91.96	-287.28	64.72	103.85	46.77	22.31
EBITDA Margin	-22.88%	-46.92%	9.40%	21.82%	11.48%	8.40%
Depreciation & Amortization	106.89	120.18	13.89	13.83	11.24	5.31
EBIT	-198.85	-407.46	50.83	90.02	35.53	17
EBIT Margin	-49.47%	-66.55%	7.38%	18.91%	8.72%	6.40%

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).