| MINIM, INC. | |||||||
| Reconciliation of GAAP to Non-GAAP Measures | |||||||
| (Unaudited) | |||||||
| (in thousands, except per share data) | |||||||
| Three Months Ended March 31, | |||||||
| 2022 | 2021 | ||||||
| GAAP net loss to Non-GAAP Adjusted EBITDA reconciliation: | |||||||
| GAAP-based net loss | $ | (2,539) | $ | (546) | |||
| Add: Other income and taxes | 84 | 10 | |||||
| Add: Depreciation and Amortization | 131 | 167 | |||||
| GAAP-based EBITDA | (2,324) | (369) | |||||
| Adjustments to GAAP-based EBITDA: | |||||||
| Add: GAAP sales net to revenue bookings | 97 | 228 | |||||
| Add: Merger deal costs | –– | 116 | |||||
| Add: Stock-based compensation expense | 563 | 405 | |||||
| Total adjustments | 660 | 749 | |||||
| Non-GAAP-based Adjusted EBITDA | $ | (1,664) | $ | 380 | |||
Minim Reports 27% Sequential Growth in First Quarter 2022 Revenue to $13.3 Million
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