Reconciliation from Net Loss (GAAP) to Adjusted EBITDA (Non-GAAP):
Three Months Ended Nine Months Ended
September 30, September 30,
------------------- ----------------------
2024 2023 2024 2023
--------- -------- --------- -----------
Net Loss (GAAP) $(29,295) $(7,093) $(52,760) $(28,970)
Adjustments:
Other income,
net (850) (1,909) (3,494) (3,866)
Benefit for
income taxes (72) (87) (211) (209)
Depreciation 510 348 1,428 1,086
Intangible
amortization 930 221 1,843 658
Goodwill
impairment 30,523 - 30,523 -
Acquisition and
integration
costs 106 - 2,330 -
Restructuring 171 - 171 524
Stock-based
compensation 3,199 2,704 8,938 7,448
Change in fair
value of
contingent
consideration (12,141) 104 (12,141) 335
------- ------ ------- -------
Adjusted EBITDA
(Non-GAAP) $ (6,919) $(5,712) $(23,373) $(22,994)
------- ------ ------- -------
View source version on businesswire.com: https://www.businesswire.com/news/home/20241112074859/en/
CONTACT: Investor Contact:
Carrie Mendivil
IR@908devices.com
Media Contact:
Barbara Russo
brusso@908devices.com
(END) Dow Jones Newswires
November 12, 2024 07:00 ET (12:00 GMT)
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