Accolade Investor Presentation Deck
27
Adjusted EBITDA (Loss)
GAAP to Non-GAAP Reconciliation
($ in thousands)
Fiscal year ended February 28 (29),
Net Income (Loss)
Adjusted for:
Interest expense, net
Income tax expense (benefit)
Depreciation and amortization
Stock-based compensation
Acquisition & integration-related costs
Change in fair value of contingent
consideration
Other expense (income)
2018
$ (61,286)
1,799
7,982
8,406
26
2019
$ (56,496)
2,374
55
9,391
5,721
90
2020
$ (51,365)
2,925
129
8,516
6,002
567
107
2021
$ (50,652)
3,724
4
8,212
9,576
2,050
147
2022
$ (123,124)
2,905
(5,639)
42,608
72,939
13,219
(45,416)
133
Adjusted EBITDA (Loss)
$ (43,073)
$ (38,865) $ (33,119)
$ (26,939) $ (42,375)
*Adjusted EBITDA s a non-GAAP financial measure that we define as net income (loss) adjusted to exclude interest expense (net), income tax expense (benefit), depreciation and amortization, stock-based
compensation, acquisition and integration-related costs, goodwill impairment, change in fair value of contingent consideration, and severance costs.View entire presentation