Proforma 2023 Guidance and Long-Term Model
Reconciliation of GAAP to Non-GAAP Financial Measures
KEY METRICS
Transactions
Take rate
Gross bookings
Net revenue
YoY Growth
QoQ Growth
ADJUSTED EBITDA
RECONCILIATION
Net income (loss)
1Q22 2Q22 3Q22 4Q22 FY22 1Q23 2Q23 3Q23
462,931 549,729 591,760 533,110 2,137,530 665,173 721,464 695,694
8.5% 7.5% 6.9% 6.9% 7.4% 7.5% 8.4% 9.1%
459,091 606,475 583,388 499,847 2,148,801 668,079 679,244 597,451
39,067 45,656 40,513 34,248 159,484 49,929 56,771 54,532
71%
190% 94% 77% 3%
17% 17% (11)% (15)%
28% 24% 35%
46% 14% (4)%
Interest expense (net)
1Q22 2Q22 3Q22 4Q22 FY22 1Q23 2Q23 3Q23
(6,991) (2,113) (64,608) (16,526) (90,238) (12,915) (14,608) (20,099)
6,102 6,467 7,129 6,319 26,017 7,870 8,125 8,497
Stock-based compensation expense
80
81 55,236 6,645
62,042
2,561 4,804 2,974
Payroll tax expense related to stock-
based compensation
Depreciation & amortization
2,817
Restructuring expense
2,769 2,963 3,221
2,130 412
11,770
2,542
3,386
1,529
86 140
3.803 4,165
(168)
239
Changes in fair value of Warrant
liability
(683) 791
108
21 (393)
(744)
Legal expense
744
744
662
577
785
Income tax provision
54
Gain on forgiveness of PPP loan
236
(2,009)
321
(484)
127
699
2,008
381
(2,009)
Warrant transaction expense
326
326
M&A costs
279
264
545
LBF US divestiture and transition
service expense
9,327
Other expenses (income), net
(14)
(155)
1,060 (603)
288
(322)
(984)
(138)
Change in fair value of acquisition
earnout liability
165
(760)
19
(20)
(596)
171
530 (593)
Other non-recurring expenses
394
22
Sale of export incentives
760
Adjusted EBITDA
2,213 4,516
Adjusted EBITDA margin
5.7% 9.9%
3,567 1,585
8.8% 4.6%
760
11,881
7.4%
216
4,157 4,438 5,501
8.3% 7.8% 10.1%View entire presentation