The following table provides a reconciliation of projected Adjusted EBITDA to projected net loss, the most comparable GAAP financial measure:
| (Unaudited) | ||||||||||||||||
|
Three Months Ending
June 30, 2023 |
Year Ending
December 31, 2023 | |||||||||||||||
| (in thousands) | Low | High | Low | High | ||||||||||||
| Net loss | $ | (15,800 | ) | $ | (13,900 | ) | $ | (19,700 | ) | $ | (10,000 | ) | ||||
| Income tax expense | 2,300 | 2,400 | 18,700 | 19,000 | ||||||||||||
| Stock-based compensation expense | 21,000 | 21,000 | 85,200 | 85,200 | ||||||||||||
| Interest (income) expense | (2,000 | ) | (2,000 | ) | (7,300 | ) | (7,300 | ) | ||||||||
| Depreciation and amortization | 9,500 | 9,500 | 37,900 | 37,900 | ||||||||||||
| Special adjustments and other(1) | — | — | 5,200 | 5,200 | ||||||||||||
| Adjusted EBITDA | $ | 15,000 | $ | 17,000 | $ | 120,000 | $ | 130,000 | ||||||||
(1) The year ending December 31, 2023, includes $7.0 million loss from a mark-to-market adjustment of contingent consideration associated with the World Programming acquisition and $1.8 million currency gains on acquisition-related intercompany loans.
