Earnings Presentation Q1 2020
Appendix
Reconciliation of GAAP Gross Profit to Adjusted Contribution (unaudited)
Revenue
Minus:
FI Share and other third-party costs(1)
Delivery costs (2)
Gross profit (¹)
Plus:
Delivery costs (2)
Non-cash equity expense included in Fl Share
Amortization of deferred FI implementation costs
Adjusted contribution (¹)
Stock-based compensation expense
Mar 31,
2018
$32,713
© 2020 Cardlytics
21,420
1,943
$9,350
1,943
2,519
412
$14,224
Jun 30,
2018
$35,570
Mar 31,
2018
$85
19,747
2,559
$13,264
2,559
346
$16,169
Sept 30,
2018
$34,582
Jun 30,
2018
$183
3,007
17,982 26,222
3,007
3,123
$13,593 $18,474
378
$16,978
Three Months Ended
Mar 31,
Jun 30,
2019
2019
$35,988 $48,730
Dec 31,
2018
$47,819
Sept 30,
2018
$203
3,123
19,004
3,246
$13,738
3,246
27,620
3,370
$17,740
3,370
Sept 30,
2019
$56,419
Three Months Ended
Dec 31,
2018
$162
Mar 31, Jun 30,
2019
2019
$164
$199
3,070
(Amounts in thousands)
32,470 38,986
3,070 3,207
$20,879 $27,100
Dec 31,
2019
$69,293
482
653
731
789
696
$22,079 $17,637 $21,841 $24,738 $31,003
(1) FI Share and other third-party costs, gross profit and adjusted contribution include the impact of a $0.8 million gain during 2018 related to the renewal of our agreement with an FI partner, which contains certain amendments that are retroactively
applied as of January 1, 2018.
(2) Delivery costs include stock-based compensation expense as follows:
Sept 30,
2019
$176
3,207
Mar 31,
2020
$45,509
Dec 31,
2019
$172
26,138
3,406
$15,965
3,406
1,008
$20,379
Mar 31,
2020
$175
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