Embark Results Presentation Deck
NON-GAAP RECONCILIATION: ADJUSTED EBITDA LESS
CAPITAL EXPENDITURES PER EMPLOYEE
Adjusted EBITDA
Capital expenditures including truck deposits, net of returns and proceeds from sale
Adjusted EBITDA less Capital Expenditures
Average Number of Employees (¹)
Embark Technology, Inc.
Reconciliation of Adjusted EBITDA less Capital Expenditures per Employee
(in thousands)
(unaudited)
Quarterly Adjusted EBITDA less Capital Expenditures Per Employee ($K)
Excludes contractors.
EMBARK
9/30/2022
$ (24,720)
(3,399)
(28,119)
329
85.6
6/30/2022
(23,938) $ (23,138)
(2,686)
(26,624)
322
Three Months Ended
3/31/2022
82.7
(1,717)
(24,855)
268
92.9
12/31/2021
$ (20,327)
(973)
(21,300)
212
100.7
9/30/2021
$ (14,218)
(833)
(15,051)
165
91.2
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