| (1) | Adjustment for revenue not recognized under GAAP due to acquisition accounting adjustments associated with the accounting for deferred revenue in significant business combinations. |
The following table provides a reconciliation of projected Adjusted EBITDA and Modified Adjusted EBITDA to projected net loss, the most comparable GAAP financial measure:
| (Unaudited) | ||||||||||||||||
|
Three Months ending
December 31, 2019 |
Year Ending
December 31, 2019 | |||||||||||||||
| (in thousands) | Low | High | Low | High | ||||||||||||
| Net loss | $ | (5,350 | ) | $ | (3,350 | ) | $ | (11,400 | ) | $ | (9,400 | ) | ||||
| Income tax expense | 3,200 | 3,200 | 10,400 | 10,400 | ||||||||||||
| Stock-based compensation expense | 2,100 | 2,100 | 7,700 | 7,700 | ||||||||||||
| Interest expense | 2,800 | 2,800 | 6,300 | 6,300 | ||||||||||||
| Depreciation and amortization | 5,400 | 5,400 | 21,200 | 21,200 | ||||||||||||
| Interest income and other non-recurring adjustments | (900 | ) | (900 | ) | (200 | ) | (200 | ) | ||||||||
| Adjusted EBITDA | 7,250 | 9,250 | 34,000 | 36,000 | ||||||||||||
| Acquisition related deferred revenue (1) | 2,250 | 2,250 | 9,000 | 9,000 | ||||||||||||
| Modified Adjusted EBITDA | $ | 9,500 | $ | 11,500 | $ | 43,000 | $ | 45,000 | ||||||||
