Investor Presentaiton
13
Non-GAAP Reconciliations
Reconciliation - GAAP Net Income (Loss) to Core Net Income (Loss) (in thousands, except per share data)
Twelve Months Ended
Q4
2022
Q3
2022
Q2
2022
Q1
Q4
December 31,
2022
2021
2022
2021
GAAP net income (loss)
Add: loss (gain) on FV of private warrant
liability
Add: merger expenses
Add: non-cash equity compensation
Less: tax (@ 27%) on taxable non-core items
Core net income (loss)
Core diluted shares
$ (4,185) $ (4,920) $ 4,362 $
3,964 $ (1,350) $
(779) $ 17,043
(1,151)
1,369 (5,640)
(2,644)
764
(8,066)
(17,225)
1
289
65
290
65
2,641
2,743
3,053
2,919
3.386
11,356
11,343
(78)
(18)
(78)
(18)
$ (2,695) $
(808) $
1,776 $
4,450 $
4,450 $ 2,847 $
2,723 $
11,208
11,942
11,995
12,600
12,563 11,939
11,942
11,939
Core diluted earnings (loss) per share
$
GAAP diluted earnings (loss) per share
$
(0.23) $
(0.35) $ (0.41) $
(0.07) $
0.14 $
0.35 $
0.35 $ 0.24 $
0.32 $
0.23 $
0.94
(0.11) $
(0.07) $
1.43
Reconciliation - GAAP Net Income (Loss) to Core EBITDA (in thousands)
Twelve Months Ended
Q4
2022
Q3
2022
Q2 Q1
2022
2022
Q4
2021
December 31,
2022
2021
GAAP net income (loss)
$ (4,185) $ (4,920) $
4,362 $ 3,964 $ (1,350) $
(779) $
17,043
Add: loss (gain) on FV of private warrant
liability
(1,151)
1,369
(5,640)
(2,644)
764
(8,066)
(17,225)
Add: depreciation and amortization
3,004
2,995
3,030
3,073
3,105
12,102
11,959
Add: interest
96
Add: taxes
(2,234)
(729)
909
1,643
1,491
(411)
5,752
Add: merger expenses
1
289
Add: non-cash equity compensation
2,641
2,743
Core EBITDA
$ (1,925) $ 1,458 $
3,053
5,715 $
2,919
65
3,386
290
65
11,356
11,343
9,244 $ 7,461 $
14,492 $
29,033
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