Markforged SPAC Presentation Deck
Reconciliation of Non-GAAP Financials
Adj. EBITDA¹
(USD in millions)
Operating income (loss)
Depreciation & amortization
Stock-based compensation
Adjusted EBITDA¹
Q1 Adj. EBITDA²
(USD in millions)
Operating income (loss)
Depreciation & amortization
Stock-based compensation
Adj. EBITDA (2)
48
2018A
($12.8)
0.7
0.6
($11.6)
Q1 2020A
($5.1)
0.5
0.5
($4.1)
2019A
($29.2)
1.4
0.9
($27.0)
Q1 2021A
($6.1)
0.4
1.2
($4.5)
2020A
($15.7)
2.6
1.8
($11.3)
Year Ended December 31,
2021E
($42.0)
1.7
3.7
($36.6)
2022E
($45.1)
2.6
4.7
($37.9)
2023E
($23.8)
3.3
6.3
($14.2)
2024E
$29.7
4.2
8.4
$42.2
Source: Management projections.
(1)
Operating income (loss) excludes $0.6M, $2.1M, and $7.6M of non-recurring costs across 2019A, 2020A, and 2021E, respectively, related to litigation and audit, legal and other costs associated with the
transaction. Additionally, no ongoing public company costs are assumed.
(2) Operating income (loss) excludes $0.2M and $3.7M of non-recurring costs across Q1 2020A and Q1 2021A, respectively, related to litigation and audit, legal and other costs associated with the transaction.
2025E
$156.0
4.8
11.1
$171.9View entire presentation