Earnings Presentation Q1 2020
Appendix
Reconciliation of GAAP Net (Loss) Income to Adjusted EBITDA (unaudited)
Net (loss) income(1)
Plus:
Income tax benefit
Interest expense (income), net
Depreciation and amortization expense
Stock-based compensation expense
Foreign currency (gain) loss
Amortization of deferred FI implementation costs
Costs associated with financing events
Loss on extinguishment of debt
Change in fair value of warrant liabilities, net
Restructing costs
Non-cash equity expense included in FI Share
Adjusted EBITDA (¹)
© 2020 Cardlytics
Three Months Ended
Mar 31,
Jun 30, Sept 30, Dec 31, Mar 31,
2018
2018 2018 2018
2019
($20,055) ($13,053) ($8,368) ($11,566) ($6,314) ($6,510) ($7,747)
1,749
910
2,900
(683)
412
9,172
992
254
784
777
8,345 5,723
256
378
1,109
346
118
924
(1,611) (801)
269
811
9,822
490
482
304
961
1,708
(491)
653
Jun 30, Sept 30,
2019
2019
(Amounts in thousands)
23
Dec 31,
2019
$3,427
338
218 (321)
1,053 1,167 1,354
3,072 7,486 3,585
667
903 (1,859)
731
789
696
123
123
28
2,519
($3,076) ($2,164) ($1,663) $308 ($3,179) ($626) $2,967 $6,891
Mar 31,
2020
($13,531)
(284)
2,331
4,126
1,886
1,008
482
($3,982)
(1) Net (loss) income and adjusted EBITDA include the impact of a $0.8 million gain during 2018 related to the renewal of our agreement with an FI partner, which contains certain amendments that are retroactively applied as of
January 1, 2018. Please see appendix for deinition of adjusted EBITDA.
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