{ "docId": "019de513-cbf7-771b-9d3c-6387093e3376", "docSlug": "1f63f9b5ac5310d678871bdbe5a274a4", "documentTitle": "DoubleVerify | Results Presentation Deck | 17 slides", "authorId": "doubleverify", "authorName": "DoubleVerify", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2022-08-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 17, "pageCount": 17, "prevPage": 16, "nextPage": null, "slideType": "appendix_disclosure", "function": "appendix", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de513-cbf7-771b-9d3c-6387093e3376/17", "deckHref": "/decks/019de513-cbf7-771b-9d3c-6387093e3376", "deckJsonHref": "/decks/019de513-cbf7-771b-9d3c-6387093e3376.json", "deckAnchorHref": "/decks/019de513-cbf7-771b-9d3c-6387093e3376#slide-17", "components": [ { "bbox": { "h": 0.025, "w": 0.12, "x": 0.018, "y": 0.94 }, "kind": "image", "text": null, "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0ebcc657-3f18-4778-b82e-6f9fa8a23300", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.32, "w": 0.88, "x": 0.068, "y": 0.224 }, "kind": "list", "text": "a) M&A and restructuring costs for the three and six months ended June 30, 2022 consist of transaction costs, integration and restructuring costs related to the acquisition of OpenSlate. M&A costs for the three and six months ended June 30, 2021 consist of reductions to deferred compensation liabilities related to acquisitions.\nb) Offering, IPO readiness and secondary offering costs for the three and six months ended June 30, 2021 consist of third-party costs incurred for the Company's IPO and secondary offering.\nc) Other costs for the three and six months ended June 30, 2022 consist of costs related to the departures of the Company's former Chief Operating Officer and Chief Customer Officer, impairment related to a subleased office space and costs related to the disposal of furniture for unoccupied lease office space, partially offset by sublease income. For the three and six months ended June 30, 2021, other costs include reimbursements paid to Providence.\nd) Other expense for the three and six months ended June 30, 2022 and June 30, 2021 consists of the impact of foreign currency transaction gains and losses associated with monetary assets and liabilities.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5be422ab-87e7-4a7e-8b11-8c145eef58d0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.11, "w": 0.872, "x": 0.076, "y": 0.766 }, "kind": "paragraph", "text": "With respect to the Company's expectations under \"Full Year 2022 and Third Quarter 2022 Guidance\", the Company has not reconciled the non-GAAP measure of Adjusted EBITDA to the GAAP measure net income in this press release because the Company does not provide guidance for stock-based compensation expense, depreciation and amortization expense, acquisition-related costs, interest income, and income taxes on a consistent basis as the Company is unable to quantify these amounts without unreasonable efforts, which would be required to include a reconciliation of Adjusted EBITDA to GAAP net income. In addition, the Company believes such a reconciliation would imply a degree of precision that could be confusing or misleading to investors.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "06ace175-680b-4961-ab17-3299a4baaf0e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.88, "x": 0.068, "y": 0.603 }, "kind": "paragraph", "text": "We use Adjusted EBITDA and Adjusted EBITDA Margin as measures of operational efficiency to understand and evaluate our core business operations. We believe that these non-GAAP financial measures are useful to investors for period to period comparisons of our core business and for understanding and evaluating trends in our operating results on a consistent basis by excluding items that we do not believe are indicative of our core operating performance.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "815249bb-02b6-456e-87b2-bb5912e71712", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.015, "w": 0.504, "x": 0.068, "y": 0.719 }, "kind": "paragraph", "text": "Full Year and Third Quarter 2022 Adjusted EBITDA Guidance", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a586aa30-f50b-410f-99a9-761ecae1b6a3", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.013, "w": 0.018, "x": 0.953, "y": 0.953 }, "kind": "source-note", "text": "16", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f94701f1-4406-44ac-a022-410291f464d8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.035, "w": 0.726, "x": 0.137, "y": 0.07 }, "kind": "title", "text": "Non-GAAP Financial Measures Reconciliation", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d4ca76dd-c1d4-4334-9e31-2572d527cd2f", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Audience Definition", "slug": "audience-definition", "agent": "Storyteller", "layer": "slide", "matchId": "3807b266-90df-4b31-bd45-dd5914e9772f", "evidence": "With respect to the Company's expectations under \"Full Year 2022 and Third Quarter 2022 Guidance\"", "confidence": 0.7 } ], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }