Skillz Investor Day Presentation Deck
53
($ IN MILLIONS)
Net Loss
Interest Expense, net
APPENDIX: RECONCILIATION TO NON-GAAP ITEMS
% OF
REVENUE
% OF
REVENUE
Change in fair value of common stock
warrants liabilities
Stock-based Compensation
Provision for Income Taxes
Depreciation and Amortization
Other non-operating costs (income)
Impairment charge
Acquisition related expenses
Loss contingency accrual
One-time non recurring expenses
2021
($181.4)
1.2
(87.9)
60.3
(19.0)
11.1
0.0
8.0
11.6
14.6
(47.2%)
0.3%
(22.9%)
15.7%
(4.9%)
2.9%
0.0%
2.1%
3.0%
3.8%
2020
($145.5)
1.3
23.0
23.8
0.1
1.6
21.4
3.4
4.7
(63.2%)
0.6%
10.0%
10.3%
0.0%
0.7%
9.3%
1.5%
2.0%
2019
($23.6)
2.5
1.2
0.7
(3.6)
% OF
REVENUE
(19.7%)
2.1%
1.0%
0.6%
(3.0%)
Adjusted EBITDA
($181.5)
(47.3%)
($66.1)
(28.7%)
($22.8)
(19.0%)
Note: The Company defines and calculates Adjusted EBITDA as net income (loss) before interest, other non-operating expense or income, (benefit) provision for income taxes, and depreciation and amortization, and further
adjusted for stock-based compensation and other special items determined by management, including, but not limited to, fair value adjustments for certain financial liabilities (including derivatives) associated with debt and equity
transactions, impairment charges, acquisition related expenses for transaction costs and certain loss contingency accruals. The Company's management believes Adjusted EBITDA is useful in evaluating its operating performance
and is a similar measure reported by publicly-listed U.S. competitors, and regularly used by security analysts, institutional investors, and other interested parties in analyzing operating performance and prospects.
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