Paysafe Results Presentation Deck
GAAP Net Income to Adjusted EBITDA Reconciliation
Paysafe:
($ in thousands) (unaudited)
Net Income (loss)
Income tax expense (benefit)
Interest expense, net
Depreciation and amortization
Share based compensation expense
Impairment expense on intangible assets
Restructuring and other costs
(Gain) / loss on disposal of subsidiaries and other assets, net
Other (income) / expense, net
Adjusted EBITDA
Adjusted EBITDA Margin
Three months ended
June 30,
2021
2020
$
6,785 $
16,690
62,650
I
70,114
3,276
1,357
4,518
(28)
(46,558)
118,804 $
30.9%
$
(15,829)
(2,714)
42,531
67,492
5,038
4,359
9,498
110,375 $
32.4%
Six months ended
June 30,
2021
(53,744) $
10,754
125,019
135,576
84,117
1,935
7,488
(28)
(79,083)
232,034
30.5%
$
2020
(85,080)
(23,768)
80,754
136,991
79,403
10,006
261
24,578
223,145
31.8%
Note: As of December 31, 2020, an out of period adjustment related to the period ended March 31, 2020 was identified and corrected for the impairment of certain Digital Wallet's intangible assets. This resulted in the
overstatement of Intangible assets, net and understatement of Impairment expense on intangible, assets, net of $21.4 million ($15.8 million net of tax), respectively, as of March 31, 2020. The prior period results have been
revised to reflect the correction of this misstatement.
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