Paysafe Results Presentation Deck
Reconciliation of GAAP Net loss to Adj. net income
($ in thousands)
Net loss attributable to the Company
Other non-operating income, net
(1)
Impairment expense on goodwill and intangible assets
(2)
Amortization of acquired assets
Restructuring and other costs
Loss on disposal of subsidiaries and other assets, net
Share-based compensation expense
Discrete tax items (3)
Income tax benefit on non-GAAP adjustments
Adjusted net income attributable to the Company
(in millions)
Weighted average shares - diluted
Adjusted diluted impact
Adjusted weighted average shares - diluted
Paysafe:
(2)
(4)
(3)
(4)
$
Three Months Ended
June 30,
2023
(1,765)
(4,814)
193
34,095
1,340
10,907
5,406
(10,684)
34,678
61.5
0.1
61.6
$
$
2022
(658,739)
(58,611)
676,456
43,283
41,602
660
17,736
13,601
(38,447)
37,541
60.5
0.1
60.6
$
$
2023
Six Months Ended
June 30,
(5,573)
(5,578)
275
67,768
3,330
18,123
10,885
(21,476)
67,754
61.2
0.3
61.5
$
$
2022
Note: Share amounts presented for the prior year periods have been retroactively adjusted to reflect the 1-for-12 reverse stock split effective December 12, 2022.
(1) Other non-operating income, net primarily consists of income and expenses outside of the Company's operating activities, including, fair value gain / loss on warrant liabilities and loss on contingent consideration
and gain / loss on foreign exchange. For the three and six months ended June 30, 2023, this item also includes the gain to repurchase secured notes and fair value loss on derivative instruments.
(1,829,922)
(64,019)
1,882,187
85,549
54,193
660
31,706
6,976
(92,528)
74,802
60.4
0.2
60.6
Amortization of acquired asset represents amortization expense on the fair value of intangible assets acquired through various Company acquisitions, including brands, customer relationships, software and
merchant portfolios.
Discrete tax items represents certain amounts within income tax (benefit)/expense, including changes in uncertain tax positions and the remeasurement of certain deferred tax balances due to changes in the
statutory tax rates in certain jurisdictions.
Income tax benefit on non-GAAP adjustments reflects the tax impact of the non-GAAP adjustments to net loss attributable to the Company to calculate adjusted net income.
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