Inspirato Financial Projections and Business Highlights
INSPIRATO
($ in thousands)
1H 2021 Financial Update
Q1'21A
Q2'21A
1H'21A
Total Revenue
Cost of Revenue¹
Gross Profit
Gross Margin
Sales & Marketing²
% of Revenue
Technology & Development²
% of Revenue
$49,280
$52,286
$101,566
31,617
35,215
66,832
17,663
17,071
34,734
36%
33%
34%
5,432
6,159
11,591
11%
12%
11%
3,511
3,879
7,390
7%
7%
7%
2021E
(Forecasted)
$222,373
153,766
68,607
31%
36,069
16%
16,757
8%
General & Administrative 2,3
10,033
11,907
21,939
30,858
% of Revenue
20%
23%
22%
14%
Total Operating Expense²
% of Revenue
18,976
21,945
40,921
83,683
39%
42%
40%
38%
Adjusted EBITDA4
Adjusted EBITDA Margin
Source: Company financial model as of 05/07/2021
Notes:
(1,313)
(3%)
(4,874)
(9%)
(6,187)
(6%)
(15,077)
(7%)
1.
2.
3.
4.
5.
Cost of Revenue excludes depreciation and amortization
Total operating expenses presented in this presentation are consistent with our audited financial statements, however, we have reclassified certain expenses as follows:: (i) costs related to providing member services included in general and administrative and sales and marketing in this presentation are reported as
Operations in our audited financial statements and (ii) corporate technology costs reported in technology and development costs in this presentation are reported in general and administrative costs in our audited financial statements
General & Administrative expense excludes equity-based compensation, pandemic-related severance costs and public company readiness costs.
Adjusted EBITDA is a non-GAAP financial measure that we define as net income (loss) before interest expense, interest income, taxes, depreciation and amortization, equity-based compensation expense, warrant fair value gains and losses, losses on sale of assets, pandemic related severance costs,
public company readiness expenses, and gain on forgiveness of debt. We have not reconciled the non-GAAP measures for the future periods to their corresponding GAAP measures because certain reconciling items such as stock-based compensation depend on factors such as stock price and thus cannot be
reasonably predicted. Accordingly, reconciliation to the non-GAAP projected measures are not available. The GAAP measures may vary significantly
Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenue
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