Investor Presentaiton
FINANCIAL SUMMARY
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Strong growth and operating leverage
Parallel has spent several years investing heavily for future growth and has started to reap the benefits as we've transitioned to profitability
over the last 18 months
Organic growth and anticipated entry into new markets are expected to drive strong top-line expansion while increased scale and lower
cost of production are anticipated to steadily boost margins over time¹
TOTAL NET REVENUE1
($USD in millions)
+53% CAGR
447
308
245
219
785
TOTAL ADJUSTED EBITDA 1,2
($USD in millions)
102
61
264
2019PF3
18
2019PF3
2020A4
2021E
2022E
(1)
2020A4
2021E
2022E
COVID Adjustment
COVID Adjustment
1. See "Forward-Looking Statements" disclaimer on pages 3-4 and financial assumptions on pages 57-58. 2. See "Non-GAAP Measures, Reconciliation, and Discussion" disclaimer on page 5 and Adjusted EBITDA reconciliation on page 59. 3. Pro forma as if
Massachusetts acquisitions closed on December 31, 2018. 4. 2020 financials are preliminary and are subject to change upon finalization of Parallel's audited financials. Note: COVID adjustments calculated based on normalized net revenue and margins in
Massachusetts and Nevada.
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