Attached files
| file | filename |
|---|---|
| 8-K - 8-K/A - Telenav, Inc. | tnav1231178-ka.htm |
Telenav, Inc. | ||||||||||||||||
Unaudited Reconciliation of Non-GAAP Adjustments | ||||||||||||||||
(in thousands) | ||||||||||||||||
Reconciliation of Net Loss to Adjusted EBITDA and Adjusted EBITDA on Billings | ||||||||||||||||
Three Months Ended December 31, | Six Months Ended December 31, | |||||||||||||||
2017 | 2016 | 2017 | 2016 | |||||||||||||
Net loss | $ | (15,652 | ) | $ | (11,423 | ) | $ | (31,750 | ) | $ | (20,758 | ) | ||||
Adjustments: | ||||||||||||||||
Legal settlement and contingencies | 60 | 6,424 | 310 | 6,424 | ||||||||||||
Deferred rent reversal due to lease termination | — | — | (538 | ) | — | |||||||||||
Tenant improvement allowance recognition | — | — | (582 | ) | — | |||||||||||
Stock-based compensation expense | 2,888 | 1,988 | 5,368 | 4,529 | ||||||||||||
Depreciation and amortization expense | 797 | 623 | 1,513 | 1,260 | ||||||||||||
Other income (expense), net | (218 | ) | (714 | ) | (171 | ) | (1,010 | ) | ||||||||
Provision (benefit) for income taxes | 26 | 537 | 281 | 142 | ||||||||||||
Adjusted EBITDA | $ | (12,099 | ) | $ | (2,565 | ) | $ | (25,569 | ) | $ | (9,413 | ) | ||||
Change in deferred revenue | 31,065 | 7,686 | 60,196 | 12,728 | ||||||||||||
Change in deferred costs(1) | (20,767 | ) | (3,847 | ) | (40,815 | ) | (6,704 | ) | ||||||||
Adjusted EBITDA on billings(1) | $ | (1,801 | ) | $ | 1,274 | $ | (6,188 | ) | $ | (3,389 | ) | |||||
(1) We expect to incur additional costs in the future due to requirements to provide ongoing provisioning of services such as hosting, monitoring and customer support. Accordingly, adjusted EBITDA on billings does not reflect all costs associated with billings. | ||||||||||||||||