Talkspace Results Presentation Deck
Reconciliation of Net Loss to Adjusted EBITDA
Adjusted EBITDA
We calculate adjusted EBITDA as net loss adjusted to exclude (i) depreciation and amortization, (ii) interest and other expenses (income), net, (iii) tax benefit and
expense, and (iv) stock-based compensation expense.
(in thousands)
Net loss
Add:
Depreciation and amortization
Financial income, net (1)
Taxes on income
Stock-based compensation
Adjusted EBITDA
$
Three Months Ended
March 31,
2023
(8.758) $
306
(424)
143
2.303
(6,430) $
2022
(20,360)
429
(869)
21
2,368
(18.411)
1) For the three months ended March 31, 2023, financial income, net, primarily consisted of $0.6 million of interest income from bank deposits
offset by $0.2 million in losses resulting from the remeasurement of warrant liabilities.
For the three months ended March 31, 2022, financial income, net, primarily consisted of $0.9 million in gains resulting from the remeasurement
of warrant liabilities.
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