The following table provides a reconciliation of projected Adjusted EBITDA to projected net income, the most comparable GAAP financial measure:
| (Unaudited) | |||||||||||||||
|
Three Months Ending
March 31, 2024 |
Year Ending
December 31, 2024 | ||||||||||||||
| (in thousands) | Low | High | Low | High | |||||||||||
| Net income | $ | 8,000 | $ | 11,000 | $ | 30,000 | $ | 37,700 | |||||||
| Income tax expense | 4,500 | 4,500 | 17,700 | 18,000 | |||||||||||
| Stock-based compensation expense | 18,900 | 18,900 | 74,500 | 74,500 | |||||||||||
| Interest (income) expense, net | (3,900 | ) | (3,900 | ) | (16,600 | ) | (16,600 | ) | |||||||
| Depreciation and amortization | 9,500 | 9,500 | 37,400 | 37,400 | |||||||||||
| Adjusted EBITDA | $ | 37,000 | $ | 40,000 | $ | 143,000 | $ | 151,000 | |||||||
