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  "presentationDate": "2024-11-01 00:00:00",
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      "text": "1. Represents non-cash charges associated with stock-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense in our business and an important part of our compensation strategy.\n2. Represents the non-recurring reorganizational costs that were not recorded as a reduction of additional paid in capital. The amounts relate to legal and professional services associated with the Reorganization.\n3. Amounts for 2023 and 2024 relate to M&A-related third-party fees, including related legal, consulting and other expenditures. Additionally, amounts for the three months ended September 30, 2024 include $0.2 million in non-recurring fair value adjustment of the Skuad contingent consideration liability. Amounts for the year ended December 31, 2022 and 2021 relate to a non-recurring fair value adjustment of a liability related to our 2020 acquisition of optile.\n4. Changes in the estimated fair value of the warrants are recognized as gain or loss on the condensed consolidated statements of comprehensive income. The impact is removed from EBITDA as it represents market conditions that are not in our control.\n5. We initiated a plan to reduce our workforce during the year ended December 31, 2023, and had non-recurring costs related to severance and other employee termination benefits.\n6. Amounts relate to a non-recurring loss on the repurchase and redemption of outstanding public warrants.",
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      "text": "Twelve months ended,\n($ in thousands)\nDec. 31, 2020 Dec. 31, 2021 Dec. 31, 2022 Dec. 31, 2023\nNet income (loss) $ (23,746) $ (33,987) $ (11,970) $ 93,333\nDepreciation & amortization 17,095 17,997 20,858 27,814\nTax expense on income 8,320 8,711 13,586 39,203\nOther financial (income) expense, net (2,012) 6,854 10,131 (11,568)\nEBITDA (343) (425) 32,605 148,782\nStock based compensation expenses¹ 10,892 37,013 52,150 65,767\nReorganization related expenses² 5,087 -\nShare in losses of associated company 143 37 2\nM&A related expense (income)³ (1,721) (2,323) 3,468\nGain from change in fair value of Warrants (11,824) (33,963) (17,359)\nRestructuring charges (4,304) 4,488\nAdjusted EBITDA $ 6,388 $ 28,167 $ 48,471 $ 205,146\nRevenue $ 345,592 $ 473,403 $ 627,623 $ 831,103\nAdjusted EBITDA margin 2% 6% 8% 25%",
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      "text": "Three months ended,\n($ in thousands)\nSept. 30, 2023 Dec. 31, 2023 Mar. 31, 2024 Jun. 30, 2024 Sept. 30, 2024\nNet income $ 12,825 $ 27,021 $ 28,974 $ 32,425 $ 41,574\nDepreciation & amortization 7,116 8,750 9,408 10,712 13,510\nTax (benefit) expense on income 10,012 14,272 13,910 15,866 (19,484)\nOther financial income, net (1,137) (3,763) (2,747) (976) (1,674)\nEBITDA 28,816 46,280 49,545 58,027 33,926\nStock based compensation expenses¹ 15,330 17,338 15,077 13,666 17,430\nM&A related expense³ 1,745 451 2,375 2,091 3,166\nLoss (gain) from change in fair value of Warrants 7,799 (11,824) (1,761) (1,006)\nLoss on Warrants repurchase/redemption 14,746\nRestructuring charges 4,488\nAdjusted EBITDA $ 58,178 $ 52,245 $ 65,236 $ 72,778 $ 69,268\nRevenue $ 208,035 $ 224,320 $ 228,183 $ 239,520 $ 248,274\nAdjusted EBITDA margin 28% 23% 29% 30% 28%",
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      "text": "Reconciliation of net income (loss) to adjusted EBITDA",
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