| MINIM, INC. | |||||||
| Reconciliation of GAAP to Non-GAAP Measures | |||||||
| (Unaudited) | |||||||
| (in thousands, except per share data) | |||||||
| Three Months Ended June 30, | |||||||
| 2021 | 2020 | ||||||
| GAAP net loss to Non-GAAP Adjusted EBITDA reconciliation: | |||||||
| GAAP-based net loss | $ | (1,554) | $ | (1,528) | |||
| Add: Other income and taxes * | 110 | 8 | |||||
| Add: Depreciation and Amortization | 170 | 32 | |||||
| GAAP-based EBITDA | (1,274) | (1,488) | |||||
| Adjustments to GAAP-based EBITDA: | |||||||
| Add: GAAP sales net to revenue bookings | 738 | –– | |||||
| Add: Tariffs and air freight | –– | 1,920 | |||||
| Add: Stock-based compensation expense | 211 | 68 | |||||
| Total adjustments | 949 | 1,988 | |||||
| Non-GAAP-based Adjusted EBITDA | $ | (325) | $ | 500 | |||
| Six Months Ended June 30, | |||||||
| 2021 | 2020 | ||||||
| GAAP net loss to Non-GAAP Adjusted EBITDA reconciliation: | |||||||
| GAAP-based net loss | $ | (2,099) | $ | (2,280) | |||
| Add: Other income and taxes * | 119 | 20 | |||||
| Add: Depreciation and Amortization | 337 | 67 | |||||
| GAAP-based EBITDA | (1,643) | (2,193) | |||||
| Adjustments to GAAP-based EBITDA: | |||||||
| Add: GAAP sales net to revenue bookings | 1,003 | –– | |||||
| Add: Tariffs and air freight | –– | 3,413 | |||||
| Add: Stock-based compensation expense | 616 | 195 | |||||
| Total adjustments | 1,619 | 3,608 | |||||
| Non-GAAP-based Adjusted EBITDA | $ | (24) | $ | 1,415 | |||
Minim Reports Accelerating Revenue Growth of 45% in Q2 2021
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