Tempo SPAC Presentation Deck
Operating Leverage - Organic Non-GAAP Operating Expenses
NON-GAAP OPERATING EXPENSE ¹,2
$ IN MILLIONS
% OF ORGANIC REVENUE
RESEARCH & DEVELOPMENT
SELLING, GENERAL & ADMINISTRATIVE
34%
$49
$9
$41
2021E
32%
$56
$11
$45
2022E
27%
$60
$14
$46
2023E
27%
$74
$20
$53
2024E
28%
$91
$27
$65
2025E
RESEARCH &
DEVELOPMENT
Continued investment in Tempo platform
development and rollout
SELLING, GENERAL &
ADMINISTRATIVE
Increased sales force and growing national
marketing efforts as client base grows
Benefits of scale provide increasing
operating leverage
Source: Management Projections.
Tr
1 Pro forma (PF) figures include the acquisitions of Compass AC Holdings, Inc. ("Advanced Circuits" or "AC") and Whizz Systems, Inc. ("Whizz Systems" or "Whizz") which are expected to close substantially concurrently with the SPAC business combination
and exclude estimates of additional future acquisitions.
2 Non-GAAP operating expenses exclude stock-based compensation and non-recurring transaction related expenses incurred and forecasted in 2021.
OCTOBER 2021 39
STRICTLY PRIVATE &
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