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  "documentTitle": "Berkshire Grey | SPAC Presentation Deck | 45 slides",
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      "text": "EV / CY 2021E Revenue: Automation-Oriented Industrial Technology (2.4x, 6.6x, 4.2x, 6.0x, 6.2x, 17.3x, 18.5x), Automation Software (10.1x, 15.0x, 14.8x, 6.5x, 13.6x), E-Commerce Enablers (3.6x, 44.9x, 7.1x), Recent De-SPAC (7.3x)",
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      "text": "EV / CY 2021E EBITDA: Automation-Oriented Industrial Technology (9.6x, 17.9x, 19.8x, 20.4x, 26.1x, NM, 40.8x), Automation Software (30.7x, 46.5x, 26.2x, 20.4x, 33.4x), E-Commerce Enablers (23.9x, NM, NM), Recent De-SPAC (25.8x)",
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      "text": "Automation Software: Average: 13.1x, Median: 14.2x (Revenue); Average: 33.0x, Median: 32.0x (EBITDA)",
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      "text": "Automation-Oriented Industrial Technology: Average: 8.1x, Median: 6.2x (Revenue); Average: 21.0x, Median: 20.1x (EBITDA)",
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      "text": "E-Commerce Enablers: Average: 18.5x, Median: 7.1x (Revenue); Average: 23.9x, Median: 23.9x (EBITDA)",
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      "kind": "source-note",
      "text": "Source: Company management, public filings and FactSet as of 2/9/21. Note: NM denotes not meaningful (negative or >50.0x). Each group is sorted by enterprise value. (1) Berkshire Grey based on Adj. EBITDA that excludes stock-based compensation and depreciation and amortization. Adjusted EBITDA is a non-GAAP measure. See reconciliations of historic measures in Appendix. (2) Desktop Metal projections based on 8/26/20 investor presentation.",
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