Nikola Results Presentation Deck
1.
RECONCILIATION OF NON-GAAP MEASURES TO GAAP
In Thousands
Net loss from continuing operations
Interest expense, net
Income tax expense
Depreciation and amortization
EBITDA
Stock-based compensation
Loss on supplier deposits
Gain on divestiture of affiliate
Loss on debt extinguishment
Revaluation of financial instruments
Regulatory and legal matters (1)
Adjusted EBITDA
Three Months Ended 9/30,
2023
2022
($425,764)
52,680
1
16,996
(356,087)
18,659
716
145,717
2,432
($188,563)
($236,234)
7,735
1
6,796
(221,702)
102,845
(286)
11,227
($107,916)
Nine Months Ended 9/30,
2023
2022
($711,025)
71,262
1
28,758
(611,004)
68,916
18,433
(70,849)
20,362
151,151
5,673
($417,318)
Regulatory and legal matters include legal, advisory, and other professional service fees, incurred in connection with a short-seller article from September 2020, and investigations and litigation related thereto
($562,172)
10,754
3
16,472
(534,943)
211,214
(94)
38,319
($285,504)
14
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