Forbes SPAC Presentation Deck
Detentive Summary
thousands USD
Reconciliation from Net Income to Adjusted EBITDA
Net income
Interest ex
1)
2)
se
Interest income
Income taxes
Deve
Depreciation and amortization
Stock-based compensation
Management fees
Gain on sale on FMHK
Severance and other expenses
Goodwill impairment charge
Other(2)
Adjusted EBITDA
Years Ended December 31,
2019
7,637
1,183
-154
6,739
13,943
2,583
1,062
5,187
1,432
39,612
2020
7,540
941
-25
4,006
14,179
-2,270
980
5,508
727
942
32,528
2021
38,001
787
-24
5,295
14,771
3,240
1,008
-1,577
4,643
-5,803
N
60,341
Source: Audit / Proxy
This consists of severance related expenses and costs incurred in businesses that are no longer operational
Relates to the amortization of deferred revenue that was initially recognized at fair value during the 2014 business combination pursuant to a Membership Interest Purchase Agreement executed on July 16, 2014
Forbes
57View entire presentation