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      "text": "Note: The Company is not able to reasonably reconcile Adjusted EBITDA to net income, its nearest GAAP metric, for future periods due to uncertainties regarding purchase accounting, stock-based compensation, taxes and other potential adjustments",
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      "text": "S1 Holdco Net Income (Loss) $16 $33\nPlus:\nIncome Tax Expense $2 $1\nInterest Expense $24 $17\nDepreciation & Amortization $14 $14\nOther Expense $0 $0\nStock-Based Compensation & Distributions to Members $9 $10\nImpact of Terminated Product Lines $1 $0\nAcquisition & Restructuring Costs $4 $14\nAcquisition Earnout $3 $0\nS1 Holdco Adjusted EBITDA $73 $88\nUnaudited Protected.net Adjusted EBITDA ($11) $39",
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      "text": "Reconciliation of Net Income to Adjusted EBITDA – FY 2020 and FY 2021",
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