Minim Reports Accelerating Revenue Growth of 45% in Q2 2021
| MINIM, INC. |
| Reconciliation of GAAP to Non-GAAP Measures |
| (Unaudited) |
| (in thousands, except per share data) |
| | | | | | | | |
| | | Three Months Ended June 30, | |
| | | 2021 | | 2020 | |
| | | | | | | | |
| GAAP net loss to Non-GAAP Adjusted EBITDA reconciliation: | | | | |
| GAAP-based net loss | | $ | (1,554) | | $ | (1,528) | |
| Add: Other income and taxes * | | | 110 | | | 8 | |
| Add: Depreciation and Amortization | | | 170 | | | 32 | |
| GAAP-based EBITDA | | | (1,274) | | | (1,488) | |
| Adjustments to GAAP-based EBITDA: | | | | | | | |
| Add: GAAP sales net to revenue bookings | | | 738 | | | –– | |
| Add: Tariffs and air freight | | | –– | | | 1,920 | |
| Add: Stock-based compensation expense | | | 211 | | | 68 | |
| Total adjustments | | | 949 | | | 1,988 | |
| Non-GAAP-based Adjusted EBITDA | | $ | (325) | | $ | 500 | |
| | | | | | | | |
| | | Six Months Ended June 30, | |
| | | 2021 | | 2020 | |
| | | | | | | | |
| GAAP net loss to Non-GAAP Adjusted EBITDA reconciliation: | | | | |
| GAAP-based net loss | | $ | (2,099) | | $ | (2,280) | |
| Add: Other income and taxes * | | | 119 | | | 20 | |
| Add: Depreciation and Amortization | | | 337 | | | 67 | |
| GAAP-based EBITDA | | | (1,643) | | | (2,193) | |
| Adjustments to GAAP-based EBITDA: | | | | | | | |
| Add: GAAP sales net to revenue bookings | | | 1,003 | | | –– | |
| Add: Tariffs and air freight | | | –– | | | 3,413 | |
| Add: Stock-based compensation expense | | | 616 | | | 195 | |
| Total adjustments | | | 1,619 | | | 3,608 | |
| Non-GAAP-based Adjusted EBITDA | | $ | (24) | | $ | 1,415 | |
