S2P Case Study

Gross profit reconciliation ($M) Adjusted gross profit 2019A $71 2020A $70 Stock-based compensation included in cost of revenues (0) (0) GAAP gross profit, excluding depreciation and amortization $71 $70 Cost of revenues, excluding depreciation and amortization GAAP revenue $73 $105 $145 $175 corcentric Note: Figures may not sum due to rounding 39 39

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