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 |