Lighter Capital

MARCH 28, 2024

and tracking metrics in this report since October 2017. Median EBITDA Margin Is Negative but Cash Flow Looks Promising Median EBITDA margin was -4%, but more than half (56%) of the companies with negative EBITDA had positive cash flow. Only 27 of the 62 companies with negative EBITDA margin also had negative cash flow.

EBITDA 52

EBITDA Technology Marketability 52

Benzinga

FEBRUARY 18, 2025

2025 EBITDA depending on future performance. Since launching in 2017, Bojoko.com has become the go-to platform for UK players seeking in-depth casino, bingo, and sports betting insights, while Bojoko.ca This acquisition is structured using upfront and earnout payments, representing 3.0-4.5x

EBITDA 40

EBITDA 40

Shephard Mullin M&A

AUGUST 25, 2020

Nabors”) omitted material information from a proxy statement issued in connection with Nabors’ acquisition of Tesco in 2017. Plaintiff did not dispute the factual accuracy of any information actually contained within the proxy statement regarding revenue and EBITDA projections for 2017 and 2018 and their underlying assumptions.

EBITDA 52

EBITDA Equity 52

ThomsonReuters

DECEMBER 19, 2020

It limits the amount of business interest expense that a taxpayer can deduct, effective for tax years beginning after December 31, 2017. ATI was defined as EBITDA, that is, net taxable income after adding back interest expense, taxes, depreciation, and amortization. 163(j) was added by the Tax Cuts and Jobs Act (TCJA, PL 115-97).

EBITDA 105

EBITDA Banking Finance 105

Andrew Stolz

APRIL 3, 2020

As per Macabacus (2018), the typical credit statistics can be (those can change with market conditions): Total Debt / EBITDA 4.5x -5.5. Senior Bank Debt / EBITDA 3.0x. It was the worst timing.

Private Equity Firm 52

Private Equity Firm EBITDA Equity Finance 52

Equidam

NOVEMBER 22, 2021

We base our estimates on real transactions by country since November 1st, 2017. 2 | Industry EBITDA multiples used in the VC and DCF with multiple. You can refer to the table at this link to see how they will change for your country specifically.

EBITDA 52

EBITDA Specific Risk Technology Marketability 52

Benzinga

MAY 2, 2023

million of adjusted EBITDA (a non-GAAP measure defined below). Between Fiscal Year 2017 and Fiscal Year 2022, revenue and adjusted EBITDA for the Company's frozen yogurt operations segment declined 45% and 60%, respectively. In Fiscal Year 2022, the Company's frozen yogurt operations segment generated approximately $2.9

EBITDA 40

EBITDA Marketability 40

Benzinga

JANUARY 4, 2024

RevenueZen was launched in 2017 and began as a B2B marketing agency. in revenue and $227,000 in unaudited adjusted EBITDA. In addition, five RevenueZen founders received a total of a 12% roll-over equity interest from RevenueZen Delaware, and they will serve in leadership roles with RevenueZen Delaware team.

B2B 40

B2B EBITDA Equity Marketability 40

Benzinga

JANUARY 24, 2023

Berry People was founded in 2017 by berry industry veterans to create a new platform to meet market demand for a branded, year-round, and full-line supply of organic and conventional berries. The LOI (which shall be followed by a definitive purchase agreement) sets forth a purchase price of $28 million, consisting of $18.2

EBITDA 40

EBITDA Equity Marketability 40

Reynolds Holding

OCTOBER 10, 2024

Third, the award was designed to be earned in 12 tranches over its 10-year maximum term, with each tranche requiring the CEO to meet certain performance measures (market capitalization, Total Revenue, Adjusted EBITDA). When we combine that with the total revenue and adjusted EBITDA benchmarks that were also required to be met, only 1.2

Market Capitalization 45

Market Capitalization EBITDA Marketability 45

Benzinga

MARCH 1, 2024

Since its founding in 2017, the power and effectiveness of BeOp's unique approach is reflected in its rapid revenue growth, reportedly climbing 35% to US$3.7 million in 2023.

Start-ups 45

Start-ups EBITDA Technology Marketability 45

Cooley M&A

OCTOBER 29, 2018

In April 2017, Fresenius agreed to acquire Akorn, a US-based, Nasdaq-listed specialty manufacturer and marketer of generic prescription and over-the-counter pharmaceutical products, for $35 per share or approximately $4.75 The Merger Agreement.

Compliance 52

Compliance EBITDA Specific Risk Marketability 52

Class VI Partner

NOVEMBER 14, 2022

Average EBITDA multiples have consequently dropped in comparison to last year’s frenzied M&A period. As illustrated in the chart below, Q3 estimated deal value is consistent with 2017 to 2019 averages, and deal count came in higher than the average for the same period.

Equity 52

Equity Normalized Earnings Finance EBITDA 52

Benzinga

APRIL 29, 2024

Since OWYN's launch in 2017, our goal has been to bring truth and transparency to everything we do while providing the best tasting RTD protein shakes in the market," said Mark Oliveri, President and Chief Executive Officer of OWYN. 2 estimated Adjusted EBITDA, 3 including run-rate synergies. 3 estimated net sales and 13.3x

eCommerce 40

eCommerce Finance Marketability EBITDA 40

Musings on Markets

FEBRUARY 27, 2022

When profits are scaled to revenues, you get margins, and as with absolute earnings, margins come in various forms, as can be seen below: In addition to margins based upon income measures (gross, operating, after-tax operating and net), there are other margin variations, with EBITDA and after-tax operating margins coming into play.

Start-ups 99

Start-ups Equity Book Value Marketability 99

Musings on Markets

SEPTEMBER 19, 2023

In keeping with the times, the prospectus mentions AI multiple times, I counted 32 mentions of AI in the prospectus, and I remain skeptical that AI will (or should) alter grocery shopping in fundamental ways.

Start-ups 133

Start-ups Marketability Technology Equity 133

FE International

APRIL 20, 2022

The West Coast-based national beauty brand, FoxyBae , has, since its inception in 2017, built an impressive omnichannel sales engine across their direct-to-consumer site, wholesale accounts, and Amazon. multiple of SDE or EBITDA. Featured Deal: FoxyBae.

Private Equity Firm 98

Private Equity Firm Equity Start-ups Business Valuation 98

FE International

MARCH 14, 2018

billion in Q2, 2018 alone—a 49% increase over Q2, 2017. At FE International we have found that the two that result in the most accurate valuations for app businesses are Seller’s Discretionary Earnings (SDE) and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). Increasingly, AWS—with profit margins of 26.9%

Marketability 52

Marketability Start-ups EBITDA Business Valuation 52

Musings on Markets

DECEMBER 2, 2020

While the concept was heavily promoted, it has been slow to take off, with only $10 million in sales in 2017, but Airbnb has not given up, hiring Catherine Powell, a Disney theme park executive in 2020, to revamp the business.

Start-ups 52

Start-ups Marketability Equity Market Capitalization 52

Musings on Markets

OCTOBER 25, 2022

In the last two decades, I have seen free cash flow measures stretched to cover adjusted EBITDA, where stock-based compensation is added back to EBITDA, and with WeWork, to community-adjusted EBITDA, where almost all expenses get added back to get to the adjusted value.

Dividends 108

Dividends EBITDA Equity Start-ups 108

Musings on Markets

JULY 24, 2024

A Sustainalytics report that looked at metal miners documented 165 incidents of resources nationalization between 2017 and 2021, impacting 87 mining companies, with 22 extreme cases, where local governments ending contracts with foreign miners.

Risk Premium 77

Risk Premium Equity Start-ups EBITDA 77

Musings on Markets

APRIL 20, 2025

It happened to Microsoft in 2014, Apple in 2017, Nvidia in 2018, Tesla at multiple times in the last decade, and to Facebook, at the height of the Metaverse fiasco.

Start-ups 136

Start-ups Marketability Price to Book Equity 136

Benzinga

MAY 13, 2025

through our acquisition of Fishers in 2017 with a vision to build a national platform for growth in a large, fragmented and attractive market. 2025) Adjusted EBITDA 1 , including the impact of IFRS 16 and anticipated run-rate synergies of 2.0 The Acquisition, combined with K-Bro's existing U.K. We entered the U.K.

Dividends 40

Dividends Banking EBITDA Net Debt 40