Slide 1: Q2 Fiscal 2022 Supplemental Information
Q2 Fiscal 2022 Supplemental Information
Slide 2: Revenue Composition
2 Revenue Composition ($ in thousands) Quarter Ended March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 December 31, 2020 Software and related service revenue SaaS(1) $ 7,899 $ 6,310 $ 6,173 $ 6,107 $ 5,632 $ 5,115 Transaction-based(2) 2,642 2,325 2,081 2,144 1,393 394
Slide 3: Annualized Recurring Revenue (ARR)
3 Annualized Recurring Revenue (“ARR”) 1. SaaS revenue is earned when we provide, as a service to our customers over time, the right to access our software, generally hosted in a cloud environment. 2. Transaction-based software revenue is earned when we provide services through our software and char
Slide 4: Q2 Fiscal 2022 GAAP Measures
4 Q2 Fiscal 2022 GAAP Measures ($ in thousands) Three months ended March 31, 2022 Three months ended March 31, 2021(1) Merchant Services Proprietary Software and Payments Other Total Merchant Services Proprietary Software and Payments Other Total Income (loss) from operations $ 5,783 $ (155) $ (11,8
Slide 5: Q2 QTD Fiscal 2022 Segment Performance
5 Q2 QTD Fiscal 2022 Segment Performance(1) ($ in thousands) Three months ended March 31, Period over period growth2022 2021(2) Revenue Merchant Services $ 29,180 $ 26,106 12% Proprietary Software and Payments 48,962 23,769 106% Other (22) (678) (97)% Total $ 78,120 $ 49,197 59% Adjusted EBITDA(3) M
Slide 6: Q2 YTD Fiscal 2022 Segment Performance
6 Q2 YTD Fiscal 2022 Segment Performance(1) ($ in thousands) Six months ended March 31, Period over period growth2022 2021(2) Revenue Merchant Services 58,357 51,167 14% Proprietary Software and Payments 93,736 43,762 114% Other (34) (1,111) (97)% Total $ 152,059 $ 93,818 62% Adjusted EBITDA(3) Merc
Slide 7: Three Months Non-GAAP Reconciliation
7 ($ in thousands) Three months ended March 31, 2022 Three months ended March 31, 2021(1) Merchant Services Proprietary Software and Payments Other Total Merchant Services Proprietary Software and Payments Other Total Income (loss) from operations $ 5,783 $ (155) $ (11,805) $ (6,177) $ 4,684 $ 5,250
Slide 8: Reconciliation footnotes
8 Reconciliation of Non-GAAP Financial Measures 1. Effective October 1, 2020, the Company's financial statements are presented in accordance with ASU 2021-08, Accounting Standards Codification Topic 805, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. See Note
Slide 9: Six Months Non-GAAP Reconciliation
9 ($ in thousands) Six months ended March 31, 2022 Six months ended March 31, 2021 Merchant Services Proprietary Software and Payments Other Total Merchant Services Proprietary Software and Payments Other Total Income (loss) from operations $ 11,398 $ 4,832 $ (23,162) $ (6,932) $ 9,537 $ 7,195 $ (16
Slide 10: Reconciliation footnotes
10 Reconciliation of Non-GAAP Financial Measures 1. Financing-related expenses includes expenses directly related to certain transactions as part of financing transactions. 2. Non-cash change in fair value of contingent consideration reflects the changes in management’s estimates of future cash cons
Slide 11: Reconciliation Between GAAP Debt and Covenant Debt
11 Reconciliation Between GAAP Debt and Covenant Debt ($ in millions) As of March 31, 2022 Revolving lines of credit to banks under the Senior Secured Credit Facility $ 188.3 Exchangeable Notes 102.1 Debt issuance costs, net (3.1) Total long-term debt, net of issuance costs $ 287.3 Non-GAAP Adjustme