{
  "docId": "019de515-180f-727e-a341-a8e94eff4382",
  "docSlug": "e2144f950807c2242a43e510e664fc89",
  "documentTitle": "Warby Parker | Results Presentation Deck | 36 slides",
  "authorId": "warby-parker",
  "authorName": "Warby Parker",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7794254,
  "pageNumber": 30,
  "pageCount": 36,
  "prevPage": 29,
  "nextPage": 31,
  "slideType": "revenue_buildup",
  "function": "decompose_segments",
  "density": "dense",
  "nDataPoints": 48,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de515-180f-727e-a341-a8e94eff4382/30",
  "deckHref": "/decks/019de515-180f-727e-a341-a8e94eff4382",
  "deckJsonHref": "/decks/019de515-180f-727e-a341-a8e94eff4382.json",
  "deckAnchorHref": "/decks/019de515-180f-727e-a341-a8e94eff4382#slide-30",
  "components": [
    {
      "bbox": {
        "h": 0.15278,
        "w": 0.74931,
        "x": 0.12222,
        "y": 0.825
      },
      "kind": "source-note",
      "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 twelve months ended December 31, 2022, the amount includes $0.2 million and $0.6 million of employer payroll costs, respectively, associated with releases of RSUs and option exercises. For the three and twelve months ended December 31, 2021, the amount includes $1.8 million and $3.4 million of employer payroll costs, respectively, associated with releases of RSUs and option exercises.\n(2) Represents charitable expense recorded in connection with the donation of 178,572 shares of Series A common stock in August 2021 and 178,572 shares of Class A common stock in May 2022 to the Warby Parker Impact Foundation, and a donation of 34,528 shares of Class A common stock to third-party charitable donor advised funds.\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.\n(4) Represents the amortization of costs capitalized in connection with the implementation of cloud-based software.\n(5) Represents internal and external non-capitalized costs related to the implementation of our new Enterprise Resource Planning (\"ERP\") system which is expected to be live in 2023.\n(6) Represents employee severance and related costs for our restructuring plan that was executed in August 2022.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "980e20f7-f103-4d8b-b450-e7282e97f6d0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.56528,
        "w": 0.74931,
        "x": 0.12222,
        "y": 0.24028
      },
      "kind": "table",
      "text": "All numbers in thousands, unaudited\nNet loss\nAdjusted to exclude the following:\nInterest and other income, net\nProvision for income taxes\nDepreciation and amortization expense\nAsset impairment charges\nStock-based compensation expense (1)\nNon-cash charitable donation (2)\nTransaction costs (3)\nAmortization of cloud-based software implementation costs (4)\nERP implementation costs (5)\nRestructuring costs (6)\nAdjusted EBITDA\nAdjusted EBITDA margin",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "92c3b5a9-76ee-4237-92ad-1e33165423a6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.01458,
        "w": 0.47222,
        "x": 0.26389,
        "y": 0.11042
      },
      "kind": "title",
      "text": "RECONCILIATION OF ADJUSTED EBITDA TO NET INCOME",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "10fe2e88-f4a5-4328-9907-9c0e533bbf1f",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "02548544-e2e2-48ee-9acc-bc93c73de65a",
      "evidence": "RECONCILIATION OF ADJUSTED EBITDA TO NET INCOME",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}