DIGITAL MANUFACTURING. REIMAGINED.
Fathom Annual Income Statement1
($mm)
然
2020
2021E
2022E
2023E
2024E
2025E
Revenue
$
149.4 $
168.3 $
204.9 $
252.4 $
317.2 $
408.2
% YoY growth
Gross profit
13%
22%
23%
26%
29%
$
EA
79.8 $
87.1 $
106.5 $
131.2 $
165.9 $
215.5
Gross margin
53%
52%
52%
52%
52%
53%
Adj. EBITDA²
$
39.9 $
44.5 $
54.3 $
69.0 $
87.9 $
115.0
Adj. EBITDA margin
27%
26%
27%
27%
28%
28%
CapEx
$
(3.5) $
(7.5) $
(12.1) $
(16.1) $
(23.8) $
(36.2)
FCF3
$
36.4 $
37.0 $
42.3 $
52.9 $
64.1 $
78.9
Source: Management projections
1 Information for 2020 and 2021 reflects various adjustments to give pro forma effect to acquisitions completed in 2020 and 2021 as though such transactions occurred on January 1, 2020; 2 Adjusted EBITDA is a non-GAAP measure. Adjustments to EBITDA include transaction and
integration costs, non-recurring and non-cash items, compensation normalization and other accounting adjustments. See Appendix for a calculation of Adjusted EBITDA; 3 Represents adjusted EBITDA minus CapEx
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