Non-IFRS measures
The following is a reconciliation of EBITDA and Adjusted EBITDA to loss before taxes, as calculated in accordance with International Financial Reporting Standards (“IFRS”):
| For the
Nine -Month Period Ended September 30th, | For the
Three-Month Period Ended September 30th, | |||||||
| 2022 | ||||||||
| In thousands of USD | ||||||||
| Loss before taxes on income | (141,137 | ) | (67,086 | ) | ||||
| Depreciation and amortization (*) | 7,617 | 2,345 | ||||||
| Interest expense (income) | (8,962 | ) | (4,715 | ) | ||||
| EBITDA (loss) | (142,482 | ) | (69,456 | ) | ||||
| Finance expense for revaluation of assets and liabilities | 33,368 | 36,535 | ||||||
| Exchange rate differences | 17,805 | 1,420 | ||||||
| Share-based payments | 26,637 | 7,300 | ||||||
| Adjusted EBITDA (loss) | (64,672 | ) | (24,201 | ) | ||||
| Gross profit | 6,380 | 1,799 | ||||||
| Amortization of inventory and intangibles | 3,990 | 771 | ||||||
| Adjusted gross profit, excluding amortization of intangible assets | 10,370 | 2,570 | ||||||
