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          "text": "EBITDA and free cash flow are non-GAAP performance measures included to illustrate and improve comparability of the Company's results from period to period. EBITDA is defined as net income (loss) before interest expense, provision (benefit) for income taxes, depreciation and amortization expense. Free cash flow is defined as net cash flows provided by operating activities minus capital expenditures. The Company considers these non-GAAP measures in evaluating and managing the Company's operations and believes that discussion of results adjusted for these items is meaningful to investors because they provide a useful analysis of ongoing underlying trends. The adjusted measures are not in accordance with, nor are they a substitute for, GAAP measures, and they may not be comparable to similarly titled measures used by other companies.",
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          "matchId": "40326fcd-f512-4035-9ee1-78d7c77145f8",
          "beatType": {
            "name": "Reflection",
            "slug": "reflection",
            "status": "active",
            "canonId": "019dd9b8-0510-73fd-8d00-1c7e45f7bc98",
            "version": 1,
            "description": "The \"so what\" beat. Used by analytical arcs (Triple-take, Onion) and learning arcs (Voyage-return, Tragedy)."
          },
          "evidence": "Reconciliation of Non-GAAP Measures and Q&A",
          "position": 4,
          "isPrimaryArc": true,
          "parentBeatType": null,
          "alignedBlockIds": null,
          "matchConfidence": 0.8
        }
      ],
      "loops": [],
      "locked": true
    }
  ],
  "arcBeats": [
    {
      "from": 1,
      "to": 2,
      "label": "Setup",
      "description": "Introduction and disclaimer"
    },
    {
      "from": 3,
      "to": 7,
      "label": "KPI Overview",
      "description": "Overview of financial performance"
    },
    {
      "from": 10,
      "to": 12,
      "label": "Evidence",
      "description": "Q4 2023 and FY 2023 financial performance"
    },
    {
      "from": 9,
      "to": 9,
      "label": "Propose Solution",
      "description": "Prioritizing liquidity and investments"
    },
    {
      "from": 13,
      "to": 14,
      "label": "Reflection",
      "description": "Reconciliation of Non-GAAP Measures and Q&A"
    }
  ],
  "loops": [
    {
      "from": 9,
      "to": 9,
      "label": "Cost Of Inaction",
      "description": "Highlighting the importance of liquidity and investments"
    }
  ]
}