#1Oloverstock. Q3 2020 Earnings Call DORE noc 0000000 A DES DE COR#2Forward-Looking Statements The information presented herein may contain forward-looking statements. Such forward-looking statements include all statements other than statements of historical fact, including forecasts of trends. You should not place undue reliance on any forward-looking statements, which speak only as of the date they were made. We undertake no obligation to update any forward-looking statements as a result of any new information, future developments, or otherwise. Forward-looking statements are inherently difficult to predict. Accordingly, actual results could differ materially for variety of reasons, including, but not limited to, the effects of the novel coronavirus (COVID-19) on market volatility, the world economy, government regulation, and our supply chain, including supply and demand for the products and services we offer and the ability of our third-party partners and carriers to provide products and services without interruption and at a reasonable cost. Actual results could also differ materially for reasons, including, but not limited to initiatives to improve or maintain the performance of our business, adverse tax, regulatory or legal developments, competition, and any inability to maintain profitability, continue to generate positive cash flow from operations, raise capital, or borrow funds on acceptable terms, difficulties we may have with our infrastructure, our fulfillment partners or our payment processors, including cyber-attacks or data breaches affecting us or any of them, any inability to protect our intellectual property, and difficulties we may experience with increasing or maintaining our search engine optimization results, converting web traffic to sales, or ensuring we maintain our new customer base. Other risks and uncertainties include, among others, the inherent risks associated with the businesses that Medici Ventures and tZERO are pursuing, including the effect of COVID-19 on capital markets, trading volatility, investor confidence and willingness to invest in blockchain technologies, whether tZERO's initiatives with Box Digital Markets, LLC and tZERO Markets, LLC will be able to achieve their objectives and the timing for doing such, and the regulatory, technical, operational and other obstacles tZERO faces in each of its initiatives. More information about factors that could potentially affect our financial results are included in our Form 10-K for the year ended December 31, 2019, which was filed with the SEC on March 13, 2020, in our Form 10-Q for the quarter ended March 31, 2020, which was filed with SEC on May 7, 2020, in our Form 10-Q for the quarter ended June 30, 2020, which was filed with the SEC on August 6, 2020, and in our subsequent filings with the SEC. The Form 10-K, Form 10-Q's, and our subsequent filings with the SEC identify important factors that could cause our actual results to differ materially from those contained in or contemplated by our projections, estimates, and other forward-looking statements. overstock. 2#3Agenda 1. CEO Remarks 2. Financial Results 3. Business Updates a. Overstock Retail b. tZERO c. Medici Ventures 4. Summary and Q&A overstock. DORE noc 0000000 A DES DE COR 3#4Overstock Overview ■ 20+ years of innovation and technical expertise in ecommerce sector New management team is disciplined and focused Strategic positioning within competitive landscape Total addressable market is large and attractive Operational improvements supported recent sector tailwinds Highly scalable business model with low capital requirements. Highly efficient and effective partner supplier drop-ship model overstock. 4#5Addition to Overstock Board of Directors Barbara Messing Independent Director overstock Appointed August 2020 Strategic addition to our Board - Chief Marketing and Employee Experience Officer at Roblox - Known for implementing data-driven innovations and leading profitable growth in complex and growth-focused organizations - Two decades of experience in well-known global retail and ecommerce companies. Previously CMO at Walmart U.S. and TripAdvisor overstock. Board of Directors LO 5#6Addition to tZERO Board of Directors John Jacobs Independent Director overstock. Appointed September 2020 Strong capital markets background Served as Senior Advisor and Principal Consultant to Nasdaq CEO - Former Executive Vice President and CMO at Nasdaq - - Brings valuable experience leading transformative capital markets projects - Will play an important role in providing strategic guidance on tZERO's growth strategy tZERO Board of Directors 6#7COVID-19 Update Overstock continues to operate well Productively working "remote-first" - Opportunistically hiring top talent in the market Overstock Retail remains optimally positioned Q3 Retail sales +111% YoY Q3 Retail new customers +141% YoY - Online-only platform and drop-ship model ideally suited to current environment Challenges remain Customer care, fulfillment, and inventory levels are recovering - Carrier capacity constraints continue to cause lagging delivery - Anticipating and preparing for early holiday season overstock. 7#8Corporate Update ■ Raised equity capital in August 2020 Upsized offering and fully exercised overallotment option - Issued 2.4M shares at $84.50 for net proceeds of $193M. - Proceeds will be used to support continued growth trajectory No regulatory updates Patent activity progressing organization-wide¹: overstock. 120 100 80 60 40 20 2019 2020 0 + U.S. Patents Pending U.S. Patents Issued or International Patents Allowed (All Status) 1 Includes Overstock Retail, tZERO, and all other Medici Ventures companies. 8#9overstock. Financial Results DO ES 9#10Overstock Corporate Structure overstock. overstock. Retail Overstock.com, Inc. A MEDICI VENTURES tZERO 10#11Q3 2020 Financial Results: Overstock.com, Inc. Revenue $731.7 Million +111% vs. Q3'19 Adjusted EBITDA 1 $40.1 Million +$58.0M / +323% vs. Q3'19 overstock. 1 Adjusted EBITDA is a non-GAAP financial measure. See Reconciliation in Appendix Gross Profit $170.8 Million +146% vs. Q3'19 Diluted EPS $0.50 +$1.39 vs. Q3'19 G&A % of Revenue 4.7% -474bps vs. Q3'19 Ending Cash $529.7 Million +$211.1M vs. Q2'20 11#12Q3 2020 Financial Results: Overstock Retail Revenue $717.7 Million +111% vs. Q3'19 OpEx as % of Revenue 17.5% -530bps vs. Q3'19 overstock. 1 Adjusted EBITDA is a non-GAAP financial measure. See Reconciliation in Appendix Gross Margin 23.5% +348bps vs. Q3'19 Adjusted EBITDA¹ $50.2 Million +$50.8M vs. Q3'19 Dynamics. ▪ Business model scaled >140% new customer growth YoY ■ ■ ■ Gross margin expanded Structural improvements coupled with continuing unique items Operating leverage generated - Scalability inherent in pure- play ecommerce model Profitability delivered Margin profile remains consistent with long-term targets 12#13Retail Revenue: +111% YoY Revenue ($M) $800 $700 $600 $500 $400 $300 $200 $100 $- F $341 (22%) Q3 '19 overstock. $364 (19%) Q4 '19 $340 (6%) Q1 '20 $767 109% Q2 '20 YOY Revenue $718 111% Q3 '20 A 120% 100% 80% 60% 40% 20% 0% (20%) H (40%) Dynamics. ▪ Revenue of $718M +$377M YOY +111% YoY - Historically consistent seasonality in sequential sales trend ▪ New customer growth >140% YoY 13#14Retail Gross Margin: +348bps YoY Gross Profit ($M) $225 $200 $175 $150 $125 $100 $75 $50 $25 $- F 20.0% $68 Q3 '19 overstock. 20.7% $75 Q4 '19 21.9% $74 Q1 '20 23.2% $178 Q2 '20 Gross Margin (%) 23.5% $169 Q3 '20 25% 20% 15% 10% 5% H 0% Dynamics. ▪ Gross margin of 23.5% +348bps YoY ■ Gross margin impacted by operational efficiencies and continuing unique items Reduced discounting influenced by inventory levels and customer acquisition strategy SLA-related fulfillment charges to protect customer experience Leverage in fixed warehouse cost infrastructure 14#15Retail OpEx as % of Revenue: -530bps YoY Operating Expense ($M) $140 $120 $100 $80 $60 $40 $20 $- ㅏ $78 22.8% Q3 '19 overstock. $88 24.1% Q4 '19 $83 24.4% Q1 '20 Operating Expense % of Revenue (%) $1321 17.2% 1 16.3% Q2 '20 $125 17.5% Q3 '20 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% H 0% 1 In Q2 2020 we recorded $7.3M in special items that benefited Retail operating expense. Reported Retail operating expense in Q2 2020 was $125M, or 16.3% of revenue. Dynamics. ■ ■ OpEx +62% YoY vs. net revenue growth of 111% OpEx as % of revenue declined 530bps YoY 15#16Retail Adjusted EBITDA: +$51M YoY Adj. EBITDA ($M) $60 $50 $40 $30 $20 $10 $- $(10) $(20) $(0.6) (0.2%) Q3 '19 overstock. $(2.2) (0.6%) Q4 '19 $(1.9) (0.5%) Q1 '20 Retail Adjusted EBITDA is a non-GAAP financial measure. See Reconciliation in Appendix $53.0 6.9% Q2 '20 Adj. EBITDA Margin (%) $50.2 7.0% Q3 '20 8% 6% 4% 2% 0% (2%) Dynamics. ■ ■ Retail Adj. EBITDA of $50M + $51M YOY Adj. EBITDA margin of 7.0% +717bps YOY Gross profit impacted by continuing unique items 16#17overstock. Business Updates DO ES 17#18overstock. Oloverstock. Retail TM 18#19Top 5 Brand in a Growing Market Top U.S. Home Furnishings Online Brands ¹,2 (ranked by online revenue) 1. Amazon 2. Wayfair 3. Walmart 4. Target 5. Ooverstock. overstock. 50% 40% 30% 20% 10% 0% 6% 2010 Furniture & Home Furnishings U.S. Online Penetration 3,4 7% 2011 8% 2012 9% 2013 11% 2014 13% 2015 16% 2016 18% 2017 20% 2018 23% 2019 35% Sep 2020 (est.) 1 Source: Statista 2019 publication of Jumpshot 2018 online furniture sales. 2 Source: Overstock market sizing of public and third-party data with category definition including mattresses, outdoor furniture & décor, small appliances & electronics, furniture storage & organization products, kitchen & bath products, decorative lighting & lamps, and home accessories & décor items. 3 Source: Combined data from eMarketer, NRF, and NPD. 4 Estimate based on combined data from NPD US eCommerce estimates and Signifyd Weekly Global Home Goods eCommerce estimates; and Overstock internal sales data. 19#20Our Unique Market Position Home Goods Expertise Dream Homes for All: The space of 'Smart Value' where quality & style costs less. overstock. Price Oloverstock. amazon Walmart target Source: Based on LRW/Overstock Annual Brand Tracker, 2019. wayfair Department Store Generalist Style & Inspiration 20#21Continuing to Gain New, Loyal Customers ▪ +141% YoY new customer growth ▪ +19% YoY in new customer repeat purchase rate (vs. 16% YoY in Q2) Q3 '19 overstock Q4 '19 New Customers 141% increase Q1 '20 I Q2 '20 + Q3 '20 28-Day New Customer Repeat Purchase Rate Q3 '19 19% increase Q4 '19 Q1 '20 Q2 '20 Q3 '20 21#22Strong Foundation of Core Competencies ■ 59M monthly visits ¹ Improved customer self service ▪ Personalized email program Unique Club O loyalty program ■ We know our customers, what they want, and how to reach them. overstock. ■ ■ 20 years of technology We have built efficient and innovative technology Growing machine learning Achieving SEO gains Dynamic technology stack 1 Average unique visits over the last 12 months ending September 30, 2020. scalable model Our business model is highly scalable ▪ Distinct drop-ship model Efficient distribution network Meaningful assortment of ~8M products ▪ Recent GSA award ■ ■ 22#23Focused Retail Strategy aspiration & positioning dream homes for all making beautiful & comfortable homes accessible by helping customers easily & confidently they want for less financial goals target customers brand pillars constitutional principles overstock. sustainable, profitable growth primary segment savvy shopper values Overstock for helping them feel smart about finding a great deal from a compelling selection of stylish & quality home products product findability get inspired anywhere, but easily find it at Overstock world-class SEO enablers H ■ smart value quality & style for less as an indicator that our innovation is meeting target customers' needs engaging email program OKR-driven focus & collaboration world-class ML & algorithm innovation secondary segment reluctant refresher ■ values Overstock for helping them easily & confidently find just what they want easy delivery + support fast, free, & predictable delivery, plus low-hassle returns & support rewarding Club O Loyalty program - intuitive mobile experience initiatives partner-sponsored marketing discounting & pricing experience increase real-time data 23#24Playing to Our Strengths overstock. Savvy Shoppers overstock. Reluctant Refreshers $120B Market¹,2 Higher propensity to shop at Overstock. ▪ Deal-driven and low-hassle ▪ Combined market spend is 40% of total market² 1 Source: eMarketer-Total U.S. Retail Sales estimates, 2019. 2 Source: Overstock customer segmentation research, 2019. Note: $300B total market size x 40% customer segments market size = $120B market. 24#252020 Initiatives product findability ▪ Enhance mobile web experience ▪ Refine machine learning model for better site search relevancy Improve new product content ■ overstock. smart value Clarify promotional price messaging Expand marketing allowance ■ Transform promotional model ▪ Further reduce logistics costs Permanently launched free. shipping on all items ■ L easy delivery + support ■ Optimize machine learning delivery models ▪ Position inventory for fastest delivery Improve customer self-service experience 25#26product findability ▪ Customers shifting to mobile In Q3, mobile: - Purchases >50% of total sales Unique visits +108% YoY Sales +137% YoY Conversion +16% YoY 80% 60% 40% 20% 0% H 80% 60% 40% 20% 0% H Q4'18 Q4'18 Q1'19 Q1'19 Q2'19 Sales % by Platform Q2'19 Q3'19 Q4'19 Orders Delivered % by Platform Q3'19 Q1'20 Q4'19 Mobile Desktop Q1'20 Mobile -Desktop Q2'20 Q2'20 Q3'20 Q3'20 1 overstock. With aductions for estimated merchandise sales), calculated as the amount paid by customers for products (and shipping), measured at the time of order, before coupons and discounts, without returns. 26#27product findability Home furnishings demand increasing ▪ Customers are finding what they need Home furnishings were >92% of Q3 sales Sales mix has normalized ■ - ■ overstock. Sales Mix of Home Furnishings 87% Q3'19 92% Q3'20 Note: Sales Mix is shown as a percentage of GMV (gross merchandise volume), is calculated as the amount paid by customers for products (and shipping), measured at the time of order, after coupons and discounts, without reductions for estimated returns. 27#28product findability ▪ 24 months of continued keyword ranking - Focusing on relevant, high-volume keywords ▪ More customers are finding and buying. our core products ■ September decline in search mirrors. home furnishings industry seasonality Oct-18 Home & Garden Overall Market-Wide Visits² Apr-19 overstock. Oct-19 Apr-20 Oct-18 Overstock Organic Search Visits / Top 3 Keyword Rankings ¹ Jan-19 1 Source: SEMrush for keyword rankings and Adobe Analytics for organic search visits. 2 Source: SimilarWeb visit aggregation of all U.S. websites categorized as 'Home and Garden.' Organic Search Visits Top 3 Keyword Rankings Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 28#29smart value ■ Free shipping is a top purchase driver and component of value Permanently launched free shipping on all items Savvy shoppers drawn to low prices ▪ We are recognized against our peers. for both smart value differentiators ■ overstock. Customer Rating of Shipping Charges¹ Home & Garden Competitors 10% favorable Overstock Promotional Competitiveness² Home Furnishings Retailer Avg. 1 Source: Bizrate point of sale survey, Q3 2020. 2 Source: Overstock Brand Experience research among top competitive retailers' shoppers over last 12 months, June 2020. Survey conducted every 6 months. 6% favorable Overstock 29#30easy delivery + support ■ ■ ■ Delivery speed and on-time accuracy key driver of customer satisfaction. Capacity constraints caused a slow down in shipping Continue to adjust stated delivery times to meet customer expectations overstock. 1/12/20 H 1/5/20 Note: % orders delivered on-time or early refers to small parcels only. 2/12/20 2/5/20 3/12/20 3/5/20 Click to Delivery (business days) 4/12/20 + 5/12/20 4/5/20 + 6/12/20 % Orders Delivered On-Time or Early 5/5/20 + 7/12/20 6/5/20 7/5/20 + 8/12/20 8/5/20 + 9/12/20 9/5/20 30#31easy delivery + support ■ Contact volume as a percentage of orders decreased 24% YoY ■ Continued tech automation and self- service enhancements improve customer satisfaction and reduce costs Laser-focused on automated and enhanced delivery communications. overstock. I Q4 '19 Q3 '19 CS Contacts as % of Orders Q3 '19 Q4 '19 Q1 '20 3.6x increase Self Service Cases as % of Total 24% decrease Q1 '20 Q2 '20 Q2 '20 + Q3 '20 Q3 '20 31#32General Services Administration (GSA) Award Overstock Retail awarded GSA contract: - Commercial platform for five initial government agencies' micro purchases (<$10K) Overstock Retail was selected as one of three contracted vendors - Three-year, proof-of-concept pilot - Initial micro purchases TAM represents $6B in annual spend Status update: Platform went live in August - Focused on training and onboarding GSA employees - Continuing to enhance features to improve the purchasing experience Will provide additional updates as trends emerge overstock. 32#33Well Positioned for Market Share Growth in 2020 and Beyond. Revenue growth outpacing industry Driven by technology, customer focus, and business model ▪ Maintain normalized gross profit margins Expenses growing slower than revenue, driving operating leverage Adjusted EBITDA margins in the mid-single digits Free cash flow positive - overstock dream homes for all Driving sustainable, profitable growth 33#34Identity Vital Chain evernym FinClusive MINDS NETKI overstock. A Land Titling MEDICI LAND GOVERNANCE MEDICI VENTURES Banking & Currency bitt spera ripio PEERNOVA Capital Markets ‒‒‒‒‒‒ tZERO ‒‒‒‒‒‒‒‒‒‒ symbiont Supply Chain 5 GRAIN CHAIN Vinsent FACTOM™ Voting Voatz Votem SettleMint 34 A MEDICI VENTURES#35loverstock. tZERO 35#36We Continue to Lead the Digital Security Space o In Q3 2020, tZERO recorded $39M of security token trade volume, a 20x increase compared to the $2M achieved in Q3 2019 o We accounted for roughly 99% of all security token volume last quarter¹ o Our digital securities represent 85% of all security token value1 overstock. According to STOMarket.com as of September 28, 2020. in Forbes 309 views | Sep 17, 2020, 10:59am EDT TZERO Announces New Volume Record For Its Digital Token Trading Service Robert Anzalone Contributor O Crypto & Blockchain I report on the adoption of cryptocurrency, stablecoin and blockchain. 36 tZERO#37Delivered Record Trade Volume The tZERO ATS recorded more volume in Q3'20 than in all previous quarters combined 538K 523K Q1 overstock. Total Shares Traded 282K 931K Q2 r 4,077K I 1 I 426K I Q3 L 2019 2020 787K Q4 $2,117K $733K Q1 Total Value Traded $3,214K $835K Q2 $38,772K $1,594K 2019 2020 Q3 $785K Q4 37 tZERO#38Strong User Growth on Our Crypto App With recent approval of tZERO Markets, our goal is to migrate these users to our broker-dealer Quarterly User Growth Crypto App Users as of Quarter End 1,995 Q3 '19 overstock. 1,922 Q4 '19 1,825 Q1 '20 2,666 Q2 '20 2,285 Q3 '20 2,580 Q3 '19 4,502 Q4 '19 6,327 Q1 '20 8,993 Q2 '20 11,278 Q3 '20 38 tZERO#39Recent Wins 1. tZERO Markets goes live - 10/21 2. Two additional broker-dealers go live on tZERO ATS - 10/8 3. tZERO signs tokenization agreement with investment fund Tynton Capital - 9/23 4. tZERO appoints former Nasdaq EVP John Jacobs to board of directors - 9/21 5. Additional subscriber agreement signed with new broker-dealer - 9/18 6. tZERO achieves record monthly volume and Crypto App growth in August - 9/1 7. St. Regis Aspen commences trading on tZERO ATS-8/24 overstock. 39 tZERO#40Product Roadmap Assets 1. Tokenize Existing Cap Tables 2. Tokenize New Offerings overstock. Liquidity 1. Grow tZERO Markets Users 2. Integrate More Broker-Dealers Experience 1. Streamline Markets Trading UX 2. UX for Trading All Digital Assets 40 tZERO#41Identity Vital Chain evernym FinClusive MINDS NETKI overstock. A Land Titling MEDICI LAND GOVERNANCE MEDICI VENTURES Banking & Currency bitt spera ripio PEERNOVA Capital Markets tZERO symbiont Supply Chain 5 GRAIN CHAIN Vinsent FACTOM™ Voting ✔Voatz Votem SettleMint 41 A MEDICI VENTURES#42bitt WASSE overstock. coindesk Bitcoin 24h $13,178.59 -3.89% NEWS Ethereum 24h $384.71 -6.14% Overstock's Medici Ventures Invests $8M in Blockchain Firm Bitt Oct 28, 2020 at 13:46 UTC • Updated Oct 28, 2020 at 14:51 UTC Advancing Central Bank Digital Currency ▪ Medici Ventures purchased $8 million of additional equity in Bitt in October 2020 ■ Enables Bitt to pursue market opportunities that accelerate adoption of Central Bank Digital Currency ▪ Demonstrates Medici Ventures' commitment to Bitt and results in a controlling interest Bitt will remain based in Barbados; President Brian Popelka will assume CEO role 42 A MEDICI VENTURES#43✔Voatz Safe & Secure Mobile Voting ▪ Became first blockchain-based remote voting platform to be used in a presidential election 1 ▪ Used at the W yoming Independent National Convention ■ Selected for a mobile voting pilot in Brazil in November ▪ Successfully conducted 70 elections across five U.S. states. overstock. 1 Source: GovTech.com. M SWIPE RIGHT The US will have digital voting sooner than you might expect Digital voting hasn't clicked yet in the US. By Annalisa Merelli Reporter QUARTZ 3 hours ago YEAH I'M VOTING! Estonia is a pioneer in digital citizenship. The Baltic nation provides all sorts of government services online, including electronic national identification and a digital residency that allows foreigners to launch Estonian companies while living in another country. It also allows its citizens to vote online A 8 Jo REUTERS/LUCY NICHOLSON 43 MEDICI VENTURES#44overstock. Summary and Q&A DO ES 44#45Summary and Q&A - Focused Execution Overstock Retail Sustainable, profitable growth ▪ Relentless focus on initiatives. Retail Adjusted EBITDA: +$51M YOY Adj. EBITDA (SM) $60 $50 $40 $30 $20 $10 S- $(10) $(20) $(0.6) + (0.2%) Q3 '19 $(2.2) (0.6%) Q4'19 overstock See Reconciliation in Appendix $(1.9), overstock. (0.5%) Retail Adjusted EBITDA is a non-GAAP financial measure Q1 '20 $53.0 6.9% Q2 20 Adj. EBITDA Margin (%) 8% $50.2 7.0% Q3 20 6% 4% 2% 0% (2%) Dynamics • Retail Adj EBITDA of $50M +$51M YOY • Adj. EBITDA margin of 7.0% +717bps YoY . Gross profit impacted by continuing unique items tZERO ■ Driving adoption Onboarding tokens & investors Recent Wins 1. tZERO Markets goes live - 10/21 2. Two additional broker-dealers go live on tZERO ATS - 10/8 3. tZERO signs tokenization agreement with investment fund Tynton Capital - 9/23 John Jacob to 4. tZERO appoints former Nasdaq directors 9/21 5. Additional subscriber agreement signed with new broker-dealer - 9/18 6. tZERO achieves record monthly volume and Crypto App growth in August - 9/1 7. St. Regis Aspen commences trading on tZERO ATS-8/24 overstock. tZERO To ask questions: Dial-in: (877) 673-5346 Conference ID: 4293477 Medici Ventures ▪ Products in production. Seeking third-party investors. -or- Identity Vital Chain evernym FinClusive MINDS INETKI overstock. A MEDICI VENTURES Land Titling MEDICI LAND GOVERNANCE Banking & Currency bitt spera ripio PEERNOVA Capital Markets الله tZERO symbiont Supply Chain GRATININ Vinsent FACTOM Voting ✔Voatz Votem SettleMint MEDICI VENTURES Email: [email protected] 45#46overstock. Appendix#47Adjusted EBITDA Reconciliation overstock. Net Loss Depreciation and amortization Stock-based compensation Interest income, net Other (income) expense, net Provision (benefit) for income taxes Special items (see table below) Adjusted EBITDA Segment Adjusted EBITDA Retail tZERO MVI Other Adjusted EBITDA Special items: Special legal charges (1) Severance Impairments on intangible assets Total Special items Sep-2019 $ $ $ (34,542) 7,518 4,467 (392) 4,781 23 185 (17,960) (575) $ (11,233) (2,691) (3,461) (17,960) (1,221) Dec-2019 1,406 185 $ $ Three months ended Mar-2020 (29,660) 7,998 4,606 (262) (1,547) (94) (18,959) $ (2,194) (10,628) (2,695) (3,442) (18,959) $ (19,565) $ 34,381 7,569 7,548 3,268 2,465 (72) (26) (6,683) 4,171 176 (1,103) (16,410) 517 (7,272) 41,784 (1,865) (8,250) (2,498) (3,797) (16,410) (2,501) 1,398 Jun-2020 (1,103) $ $ 53,011 (7,052) (2,085) (2,090) 41,784 (7,272) (7,272) Sep-2020 $ 21,226 7,592 2,623 177 7,526 620 288 40,052 50,249 (5,675) (2,470) (2,052) 40,052 288 288 47 ¹ Special legal charges include amounts associated with the resolution for and adjustments to various legal contingencies and legal fees associated with pursuing our strategic alternatives. Adjusted EBITDA is a non-GAAP financial measure used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures. Review our financial statements and publicly-filed reports in their entirety and do not rely on any single financial measure.