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      "text": "1 Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by US GAAP Net Revenue.",
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      "text": "Milk Makeup: Three Months Ended March 31, 2024; Three Months Ended March 31, 2023; Year Ended December 31, 2023. Net Income (Loss): $5,340, $816, $(5,655). Adjusted For: Depreciation and amortization: 4,489, 5,155, 18,514. Interest expense, net: (55), 188, 590. Income tax expense: —, —, 10. Stock-based compensation expense: 357, 874, 2,352. Restatement related costs: —, —, 27. Other non-recurring costs: (105), 1,872, 2,566. Adjusted EBITDA: $10,026, $8,905, $18,404. Net Revenue: $34,503, $28,402, $100,487. Net Income/(Loss) % of Net Revenue: 15.5%, 2.9%, (5.6)%. Adjusted EBITDA Margin¹: 29.1%, 31.4%, 18.3%.",
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