{ "docId": "019de515-3ba5-75bf-8a00-d4c9966891aa", "docSlug": "e45bde43cff8c1aa136f513e16249fd1", "documentTitle": "DoubleVerify | Results Presentation Deck | 19 slides", "authorId": "doubleverify", "authorName": "DoubleVerify", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-03-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 19, "pageCount": 19, "prevPage": 18, "nextPage": null, "slideType": "appendix_disclosure", "function": "appendix", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de515-3ba5-75bf-8a00-d4c9966891aa/19", "deckHref": "/decks/019de515-3ba5-75bf-8a00-d4c9966891aa", "deckJsonHref": "/decks/019de515-3ba5-75bf-8a00-d4c9966891aa.json", "deckAnchorHref": "/decks/019de515-3ba5-75bf-8a00-d4c9966891aa#slide-19", "components": [ { "bbox": { "h": 0.02, "w": 0.16, "x": 0.04, "y": 0.94 }, "kind": "image", "text": null, "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5afc6306-5e71-482e-a640-434ecca94c22", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.02, "x": 0.95, "y": 0.95 }, "kind": "legend", "text": "18", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b6b5668f-5013-4d1c-a1d5-c0d2e00f4a2a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.4, "w": 0.89, "x": 0.05, "y": 0.18 }, "kind": "list", "text": "a) M&A and restructuring costs for the year ended December 31, 2022 consist of transaction costs, integration and restructuring costs related to the acquisition of OpenSlate. M&A costs for the year ended December 31, 2021 consist of transaction and integration costs related to the acquisition of Meetrics and OpenSlate as well as associated restructuring costs and related activities.\nb) Offering, IPO readiness and secondary offering costs for the year ended December 31, 2022 consist of third-party costs incurred for the Company's filing of a \"shelf\" registration statement on Form S-3, and costs incurred for an underwritten secondary public offering by certain stockholders of the Company. Offering, IPO readiness and secondary offering costs for the year ended December 31, 2021 consist of third-party costs incurred for the Company's IPO, and costs for an underwritten secondary public offering by certain stockholders of the Company.\nc) Other costs for the year ended December 31, 2022 consist of 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, partially offset by sublease income for lease office space. Other costs for the year ended December 31, 2021 include reimbursements paid to Providence for costs incurred prior to the IPO date, non-recurring recognition of a cease-use liability related to unoccupied lease office space, and costs associated with the early termination of the agreement for the Zentrick Deferred Payment Terms, previously disclosed as a contingency.\nd) Other income for the years ended December 31, 2022 and 2021 consists of interest income earned on monetary assets, changes in fair value associated with contingent consideration, and the impact of changes in foreign currency exchange rates.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7b1543f8-e7b5-4793-9145-dbc146428236", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.43, "x": 0.05, "y": 0.75 }, "kind": "paragraph", "text": "Full Year and First Quarter 2023 Adjusted EBITDA Guidance", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1368692a-edf6-42a8-9220-2c3a930ef89b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.89, "x": 0.05, "y": 0.65 }, "kind": "paragraph", "text": "We use Adjusted EBITDA and Adjusted EBITDA Margin as measures of operational efficiency to understand and evaluate the core business operations of the Company. We believe that these non-GAAP financial measures are useful to investors for period to period comparisons of the core business and for understanding and evaluating trends in operating results on a consistent basis by excluding items that we do not believe are indicative of the core operating performance of the Company.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "16832bfa-76aa-4852-8d72-538739850922", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.12, "w": 0.86, "x": 0.08, "y": 0.8 }, "kind": "paragraph", "text": "With respect to the Company's expectations under \"Full Year 2023 and First Quarter 2023 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": "c696ef1f-db59-4712-bd81-c18f9d71011f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.73, "x": 0.13, "y": 0.07 }, "kind": "title", "text": "Non-GAAP Financial Measures Reconciliation", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3163b4f0-5a32-4925-995c-894b24b3b0df", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Table data", "slug": "table-data", "agent": null, "layer": "slide", "matchId": "2954ec17-ab55-46c0-aabb-73508652e8c4", "evidence": "list/bullet: a) M&A and restructuring costs for the year ended December 31, 2022 consist of transaction costs, integration and restructuring costs related to the acquisition of OpenSlate. 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