IBEX Ltd
For the period ended Nov 7, 2024. Filed Nov 7, 2024.
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Nov 7, 2024 · Filed Nov 7, 2024
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Contents
EX-99.1 · EXHIBIT 2: EBITDA, adjusted EBITDA, and adjusted EBITDA margin
EXHIBIT 2: EBITDA, adjusted EBITDA, and adjusted EBITDA margin
EBITDA is a non-GAAP profitability measure that represents net income before the effect of the following items: interest expense, income tax expense, and depreciation and amortization. Adjusted EBITDA is a non-GAAP profitability measure that represents EBITDA before the effect of the following items: interest income, warrant contra revenue, foreign currency gain / loss, andshare-based compensation expense. Adjusted EBITDA margin is a non-GAAP profitability measure that represents adjusted EBITDA divided by revenue.
The following table provides a reconciliation of net income to EBITDA and adjusted EBITDA and net income margin to adjusted EBITDA margin for the periods presented:
| Three Months Ended September 30, | ||
|---|---|---|
| ($000s) | 2024 | 2023 |
| Net income | $7,531 | $7,425 |
| Net income margin | 5.8% | 6.0% |
| Interest expense | 162 | 104 |
| Income tax expense | 1,982 | 1,388 |
| Depreciation and amortization | 4,369 | 5,042 |
| EBITDA | $14,044 | $13,959 |
| Interest income | (583) | (586) |
| Warrant contra revenue | — | 287 |
| Foreign currency loss / (gain) | 1,457 | (797) |
| Share-based compensation expense | 670 | 848 |
| Adjusted EBITDA | $15,588 | $13,711 |
| Adjusted EBITDA margin | 12.0% | 11.0% |
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