| (Unaudited) | ||||||||||||||||
|
Three Months Ending
March 31, 2023 |
Year Ending
December 31, 2023 | |||||||||||||||
| (in thousands) | Low | High | Low | High | ||||||||||||
| Net (loss) income | $ | (400 | ) | $ | 1,500 | $ | (16,400 | ) | $ | (6,700 | ) | |||||
| Income tax expense | 4,300 | 4,400 | 17,100 | 17,400 | ||||||||||||
| Stock-based compensation expense | 20,700 | 20,700 | 82,800 | 82,800 | ||||||||||||
| Interest (income) expense | (900 | ) | (900 | ) | (3,900 | ) | (3,900 | ) | ||||||||
| Depreciation and amortization | 10,300 | 10,300 | 40,400 | 40,400 | ||||||||||||
| Adjusted EBITDA | $ | 34,000 | $ | 36,000 | $ | 120,000 | $ | 130,000 | ||||||||
The following table provides a reconciliation of projected Free Cash Flow to projected net cash provided by operating activities, the most comparable GAAP financial measure:
