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  "documentTitle": "Nerdy | Investor Presentation Deck | 43 slides",
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  "presentationDate": "2022-08-01 00:00:00",
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      "text": "Rapid digital acceleration is expected to provide tailwinds to support durable growth\nGross margins expansion driven by mix shift to 100% online and Classes\nEfficient performance marketing coupled with “big swing” marketing investments expected to drive awareness and new customer acquisition\nStrong unit level economics and focus on operational efficiency yield operating leverage improvements",
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      "text": "1. Forecast (\"F\") excludes or otherwise does not account for the following: (i) non-recurring expenses, including de-SPAC transaction expenses; (ii) the application of new accounting treatments associated with the de-SPAC transaction; (iii) the expense related to Unit Appreciation Rights (\"UARs\") held by Nerdy employees which will be converted into Stock Appreciation Rights (\"SARs\") in connection with the de-SPAC transaction; and (iv) the impact of any future non-cash compensation changes.\n2. Active Learners defined as the unique number of Learners attending a paid online one-on-one session or a paid online class in a given period. Amounts exclude Legacy Businesses and VT+. Learners in thousands.\n3. Adjusted EBITDA (loss) is defined as net income or net loss, as applicable, before net interest income (expense), taxes, depreciation and amortization expense, non-cash compensation expense and other non-recurring items. Adjusted EBITDA is a non-GAAP financial measure.",
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      "text": "Financial forecast from 2018 to 2023 including Active Learners, Online Revenue, Total Revenue, Gross Profit, Sales & Marketing Expense, Operations & Fulfillment, Tech & Product, G&A, Total Opex, Net Income, and Adjusted EBITDA.",
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      "text": "+30% revenue growth with continued gross margin expansion. Projected to be Adjusted EBITDA positive in 2023.",
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