The following table provides a reconciliation of projected Adjusted EBITDA to projected net loss, the most comparable GAAP financial measure:
(Unaudited) | ||||||||||||||||
Three Months Ending
December 31, 2022 |
Year Ending
December 31, 2022 | |||||||||||||||
(in thousands) | Low | High | Low | High | ||||||||||||
Net loss | $ | (15,000 | ) | $ | (12,100 | ) | $ | (70,300 | ) | $ | (67,400 | ) | ||||
Income tax expense | 3,900 | 4,000 | 18,900 | 19,000 | ||||||||||||
Stock-based compensation expense | 21,600 | 21,600 | 84,100 | 84,100 | ||||||||||||
Interest (income) expense | (300 | ) | (300 | ) | 500 | 500 | ||||||||||
Depreciation and amortization | 11,800 | 11,800 | 35,900 | 35,900 | ||||||||||||
Special adjustments and other(1) | — | — | 22,900 | 22,900 | ||||||||||||
Adjusted EBITDA | $ | 22,000 | $ | 25,000 | $ | 92,000 | $ | 95,000 |