Investor Presentaiton
Q3 2023 YTD Adjusted EBITDA Bridge
$'s in 000
YTD EBITDA of $(82.1)M driven by our operating loss.
Adding back non-cash and nonrecurring expenses of $34.8M to EBITDA
results in Adjusted EBITDA of $(47.3)M on a YTD basis
$34.5M Stock-based Compensation
$0.3M Foreign exchange losses
YTD 2023
YTD 2022
Change
Net loss (GAAP)
$
(76.3) $
(55.0) $
(21.3)
•
Non-GAAP Adjustments:
Interest income, net
(6.1)
(1.4)
(4.7)
•
Income tax expense
(0.4)
0.4
(0.8)
Depreciation and amortization
0.7
7.6
(6.9)
о
EBITDA
(82.1)
(48.4)
(33.7)
о
Stock-based compensation expense
34.5
26.8
7.7
Change in FV of warrant liability
(2.1)
2.1
Transaction costs
20.6
(20.6)
Asset impairment
2.8
(2.8)
Foreign exchange gains and losses
Adjusted EBITDA (non-GAAP)
$
0.3
(47.3) $
0.2
0.1
(0.1) $
(47.2)
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Enabling a Renewable World
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