{ "docId": "019de514-915e-755f-b0e6-1614da3b5357", "docSlug": "17d376bae0d6a2a6dfcd3844291308ff", "documentTitle": "DoubleVerify | Results Presentation Deck | 16 slides", "authorId": "doubleverify", "authorName": "DoubleVerify", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2022-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 16, "pageCount": 16, "prevPage": 15, "nextPage": null, "slideType": "disclaimer", "function": "appendix", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de514-915e-755f-b0e6-1614da3b5357/16", "deckHref": "/decks/019de514-915e-755f-b0e6-1614da3b5357", "deckJsonHref": "/decks/019de514-915e-755f-b0e6-1614da3b5357.json", "deckAnchorHref": "/decks/019de514-915e-755f-b0e6-1614da3b5357#slide-16", "components": [ { "bbox": { "h": 0.02, "w": 0.13, "x": 0.045, "y": 0.945 }, "kind": "image", "text": "DoubleVerify", "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "49ed71c6-986b-45f6-8223-814828319c2f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.015, "w": 0.019, "x": 0.953, "y": 0.95 }, "kind": "legend", "text": "15", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0d6cd038-3da1-4205-a094-2530940fa24b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.404, "w": 0.829, "x": 0.069, "y": 0.18 }, "kind": "list", "text": "a) M&A and restructuring costs for the three and nine months ended September 30, 2022 consist of transaction costs, integration and restructuring costs related to the acquisition of OpenSlate. M&A costs for the three and nine months ended September 30, 2021 consist of transaction costs related to the acquisition of Meetrics and other reductions to deferred compensation liabilities related to acquisitions.\nb) Offering, IPO readiness and secondary offering costs for the three and nine months ended September 30, 2022 consist of third-party costs incurred for the Company's filing of a \"shelf\" registration statement on Form S-3. Offering, IPO readiness and secondary offering costs for the three and nine months ended September 30, 2021 consist of third-party costs incurred for the Company's IPO and an underwritten secondary public offering by certain stockholders of the Company.\nc) Other (recoveries) costs for the three and nine months ended September 30, 2022 consist of sublease income for lease office space, offset by 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. For the three and nine months ended September 30, 2021, other costs include reimbursements paid to Providence for costs incurred prior to the IPO date, and non-recurring recognition of a cease-use liability related to unoccupied lease office space.\nd) Other expense for the three and nine months ended September 30, 2022 and September 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": "7a7d5312-2834-43bb-8204-45775e807f9a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.015, "w": 0.52, "x": 0.045, "y": 0.758 }, "kind": "paragraph", "text": "Full Year and Fourth Quarter 2022 Adjusted EBITDA Guidance", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0cbe48ea-ba7d-4486-99c6-df5c42745569", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.91, "x": 0.045, "y": 0.66 }, "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": "212ab15f-7f94-43a3-ab19-45bf5e7d828c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.11, "w": 0.879, "x": 0.076, "y": 0.804 }, "kind": "paragraph", "text": "With respect to the Company's expectations under \"Full Year 2022 and Fourth 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": "d7c34d09-cc1e-4820-b456-250c53f074ce", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.72, "x": 0.139, "y": 0.069 }, "kind": "title", "text": "Non-GAAP Financial Measures Reconciliation", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "be394cf0-f254-40e6-bd6b-c6e6d5495dad", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 16, "from": 13, "beatId": "2524d971-6a28-4afe-a853-bbf4553533f6", "arcName": "AIDA", "arcSlug": "aida", "beatName": "Action", "beatSlug": "aida-action", "evidence": "The raised FY 2022 guidance and financial measures reconciliation prompt action from investors", "position": 3, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }