Honest IPO Presentation Deck
RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA
(thousands)
Net loss
Interest and other (income) expense, net
Income tax provision
Depreciation and amortization
Stock-based compensation
Innovation Strategy expenses
(1)
Non-ordinary course litigation expenses (2)
Related offering costs and other transaction-related
Total Adjusted EBITDA
expenses (3)
Notes:
1. Includes professional fees and expenses and executive severance and termination expenses related to our Innovation Strategy
2. Includes litigation and settlement fees associated with certain non-ordinary course litigation, including a matter involving the
alleged breach of confidentiality and non-use obligations by a former employee and a matter involving the termination by us of a
2019
($31,083)
(429)
55
7,672
8,380
4,573
1,136
($9,696)
2020
($14,466)
837
89
4,854
7,905
1,511
10,459
$11,189
multi-year international distribution agreement for material breach and non-performance, and related counterclaims
3. Includes $9.7 million related to the IPO Bonuses paid in 2020, which includes associated payroll taxes and expenses, and
third-party costs associated with the preparation of this IPO
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