(Unaudited) | ||||||||||||||||
Three Months Ending
March 31, 2023 |
Year Ending
December 31, 2023 | |||||||||||||||
(in thousands) | Low | High | Low | High | ||||||||||||
Net (loss) income | $ | (400 | ) | $ | 1,500 | $ | (16,400 | ) | $ | (6,700 | ) | |||||
Stock-based compensation expense | 20,700 | 20,700 | 82,800 | 82,800 | ||||||||||||
Amortization of intangible assets | 7,700 | 7,700 | 30,100 | 30,100 | ||||||||||||
Non-cash interest expense | 400 | 400 | 1,800 | 1,800 | ||||||||||||
Impact of non-GAAP tax rate | (4,200 | ) | (4,600 | ) | (12,900 | ) | (15,200 | ) | ||||||||
Non-GAAP net income | $ | 24,200 | $ | 25,700 | $ | 85,400 | $ | 92,800 | ||||||||
The following table provides a reconciliation of projected Adjusted EBITDA to projected net (loss) income, the most comparable GAAP financial measure: