EX-99.1 2 tnavex991fy18q2restatedrec.htm EXHIBIT 99.1 Exhibit


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.