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      "text": "Adjusted EBITDA (Loss) (Non-GAAP) ($MM)\n393% Year-over-Year Growth\n($4.5) 1Q23\n($13.1) 2Q23\n($2.5) 3Q23\n$10.0 4Q23\n$13.2 1Q24",
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      "text": "1Q24 Adj. EBITDA of $13.2mm represents $17.7mm (393%) YoY improvement and $3.2mm (32%) QoQ improvement which was driven by:\n• Revenue growth\n• Variable margin expansion\n• Increased marketing investment discipline\n• Ongoing rationalization of and operating leverage from our fixed cost base, including deeper utilization of Al in member success and engineering",
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      "text": "$101.5mm of cash and cash equivalents, marketable securities, investments and restricted cash as of 3/31/24 vs. $157.3mm as of 12/31/23. The decrease in cash was driven by the Jan. '24 transaction in which Dave paid $71mm to repurchase the FTX convertible note at a 33% discount to par value. Excluding the impact of this transaction, our cash position increased in 1Q24; we did not increase utilization of our debt facility in the quarter.",
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      "text": "Our balance sheet remains strong and we believe we maintain ample liquidity to execute on our growth plans without the need to raise additional capital.",
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      "text": "Note: See Glossary for the definition of Adjusted EBITDA\nNote: See Appendix for reconciliation of Non-GAAP measures.",
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