Innovid Investor Day Presentation Deck
| Non-GAAP Financial Measures Reconciliation
in MM's @ USD
Net cash provided by operating activities
Internal use software capitalization
Purchase of property and equipment
Free Cash Flow
Net loss
Depreciation, amortization, and impairment
Goodwill impairment
Stock-based compensation
Finance expense (income), net
Transaction related expenses
Acquisition related expenses
Retention bonus expenses
Legal claims
Severance cost
Other (2)
Taxes on income
Adjusted EBITDA (1)
Adjusted EBITDA margin
2021
(2.4)
(2.6)
(0.5)
(5.6)
2021
(11.5)
0.7
3.3
4.4
7.2
0.2
1.2
5.4
6.0%
2022
(11.6)
(10.0)
(0.5)
(22.0)
2022
(18.4)
6.1
13.9
(13.3)
0.4
5.0
3.2
1.5
0.9
2.0
1.2
1.0%
3Q'23 TTM
6.0
(10.8)
(0.6)
(5.4)
3Q'23 TTM
(33.7)
11.5
14.5
19.4
(5.7)
0.0
1.4
1.5
0.8
0.2
4.2
14.2
10.5%
1. Adjusted EBITDA, Adjusted EBITDA Margin and Free Cash Flow are non-GAAP financial measures. Non-GAAP measures have limitations as analytical tools and should not be considered in isolation or as substitute
for an analysis of results as reported under GAAP.
2. Primarily exit costs from former TVS employees.
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