Investor Presentaiton
Reconciliation of non-GAAP financial measures
(in thousands, except ratios, and per share data)
Net income (loss)
Adjusted to exclude the following:
Stock-based compensation and certain payroll tax expenses (1)
Reorganization expenses
Adjusted Net Income (loss)
Net income (loss) per share:
Basic
Diluted
Adjusted Net Income (Loss) per Share:
Basic
Diluted
Weighted-average common shares outstanding:
Basic
Diluted
(1)
2022
Three Months Ended
March 31,
$ 32,692
25,929
$ 58,621
$ 0.39
$ 0.34
2023
$ (129,254)
75,026
15,536
$ (38,692)
$ (1.58)
$ (1.58)
$ 0.70
$ (0.47)
$ 0.61
$ (0.47)
84,230,445
95,457,776
81,911,433
81,911,433
Payroll tax expenses include the employer payroll tax-related expense on employee stock transactions, as the amount is dependent on our stock price and other factors that are beyond
our control and do not correlate to the operation of our business.
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