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  "documentTitle": "Warby Parker | Results Presentation Deck | 28 slides",
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  "authorName": "Warby Parker",
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  "presentationDate": "2022-08-01 00:00:00",
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      "text": "(1) Represents expenses related to the Company's equity-based compensation programs and related employer payroll taxes, which may vary significantly from period to period depending upon various factors including the timing, number, and the valuation of awards granted, vesting of awards including the satisfaction of performance conditions, and the impact of repurchases of awards from employees. For the three and six months ended June 30, 2022, the amount includes $0.1 million and $0.3 million of employer payroll costs associated with releases of RSUs and option exercises, respectively.\n(2) Represents charitable expense recorded in connection with the donation of 178,572 shares of Class A common stock to the Warby Parker Impact Foundation in May 2022.\n(3) Represents (i) costs directly attributable to the preparation for our Direct Listing and (ii) expenses incurred in connection with the cash tender offer completed in June 2021.",
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      "text": "Net loss ($32,166) ($10,307) ($66,299) ($7,295)\nAdjusted to exclude the following:\nInterest and other income, net 38 440 (108) 306\nProvision for income taxes 47 1,059 586 1,202\nDepreciation and amortization expense 7,880 5,118 15,017 9,823\nStock-based compensation expense (1) 26,867 10,409 54,244 11,670\nNon-cash charitable donation (2) 3,270 - 3,270 -\nTransaction costs (3) - 4,091 - 4,369\nAdjusted EBITDA $5,936 $10,810 $6,710 $20,075\nAdjusted EBITDA margin 4.0% 8.2% 2.2% 7.4%",
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      "kind": "title",
      "text": "RECONCILIATION OF ADJUSTED EBITDA TO NET INCOME",
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