Wix Investor Day Presentation Deck
Safe Harbor
Non-GAAP Financial Measures
To supplement its consolidated financial statements, which are prepared and presented in accordance with U.S. GAAP, Wix uses the
following non-GAAP financial measures: collections, non-GAAP gross margin, non-GAAP operating income (loss), free cash flow, non-GAAP
net income (loss) and non-GAAP net income (loss) per share (collectively the "Non-GAAP financial measures"). Collections represents the
total cash collected by us from our customers in a given period and is calculated by adding the change in deferred revenues for a particular
period to revenues for the same period. Non-GAAP gross margin represents gross profit calculated in accordance with GAAP as adjusted for
the impact of share-based compensation expense, acquisition-related costs and amortization, divided by revenue. Non-GAAP operating
income (loss) represents operating income (loss) calculated in accordance with GAAP as adjusted for the impact of share-based
compensation expense, amortization, and acquisition-related costs. Non-GAAP net income (loss) represents net loss calculated in
accordance with GAAP as adjusted for the impact of share-based compensation expense, amortization, tax benefit related to exercise of
options and acquisition-related costs. Non-GAAP net income (loss) per share represents non-GAAP net income (loss) divided by the
weighted average number of shares used in computing GAAP loss per share. Free cash flow represents net cash provided by (used in)
operating activities less capital expenditures.
The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial
information prepared and presented in accordance with GAAP. The Company uses these non-GAAP financial measures for financial and
operational decision making and as a means to evaluate period-to-period comparisons. The Company believes that these measures provide
useful information about operating results, enhance the overall understanding of past financial performance and future prospects, and allow
for greater transparency with respect to key metrics used by management in its financial and operational decision making.
For more information on the non-GAAP financial measures, please see the "Reconciliation of GAAP to Non-GAAP Financial Measures" table
in this press release. This accompanying table has more details on the GAAP financial measures that are most directly comparable to non-
GAAP financial measures and the related reconciliations between these financial measures. The Company has not reconciled its guidance as
to free cash flow to cash flow from operations because it does not provide guidance for cash flow from operations. As items that impact
cash flow from operations are out of the Company's control and/or cannot be reasonably predicted, the Company is unable to provide such
guidance. Accordingly, a reconciliation to cash flow from operations is not available without unreasonable effort.
ANALYST&
INVESTOR
DAY 2018
Forward-Looking Statements
This press release contains forward-looking statements, within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties.
Such forward-looking statements may include projections regarding our future performance, including,
but not limited to revenue, collections and free cash flow, the availability, merchantability or
functionality of certain new products or features and their anticipated product demand and customer
satisfaction, and may be identified by words like "anticipate," "assume," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "outlook," "future," "will,"
"seek" and similar terms or phrases. The forward-looking statements contained in this press release,
including the full year guidance, are based on management's current expectations, which are subject
to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are
outside of our control. Important factors that could cause our actual results to differ materially from
those indicated in the forward-looking statements include, among others, our ability to grow our user
base and premium subscriptions; our ability to maintain and enhance our brand and reputation; our
ability to manage the growth of our infrastructure effectively; our prediction of the future collections
generated by our user cohorts; our ability to effectively execute our initiatives to scale and improve our
user support function; customer acceptance of new products and other challenges inherent in new
product development, changes to technologies used in our solutions or in global, national, regional or
local economic, business, competitive, market, regulatory and other factors discussed under the
heading "Risk Factors" in the Company's 2017 annual report on Form 20-F filed with the Securities
and Exchange Commission on March 29, 2018. Any forward-looking statement made by us in this
press release speaks only as of the date hereof. Factors or events that could cause our actual results
to differ may emerge from time to time, and it is not possible for us to predict all of them. We
undertake no obligation to publicly update any forward-looking statements, whether as a result of new
information, future developments or otherwise.
Wix.com
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