INVESTOR PRESENTATION Summer/Fall 2024
APPENDIX: ADJUSTED EBITDA & MARGIN NON-GAAP RECONCILIATION
Year Ended March 31,
TTM
2019
2020
2021
2022
2023
Q1 FY24
(in thousands)
(in thousands)
$7,833
$29,737
$50,210 $154,783 $112,818
$118,841
Net Income
Adjustments:
Acquisition and other related expenses
1,158
496
254
30
Stock-based compensation
2,343
2,353
7,252
31,442
47,834
52,329
Depreciation and amortization
551
900
3,702
5,040
10,283
10,517
Change in fair value of contingent earn-out
728
1,051
consideration liability
Income tax expense (benefit)
98
(6,223)
7,559
(40,778)
20,338
26,351
Other income, net
(1,010)
(1,351)
(4,466)
(469)
(8,048)
(12,083)
Adjusted EBITDA
Revenue
Adjusted EBITDA Margin
$9,815
$26,574 $64,753
$150,272
$183,983
$197,006
$85,695 $116,388 $206,897 $343,548
$419,052
$436,882
11%
23%
31%
44%
44%
45%
doximity
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