Slide 1: Q3 Fiscal 2022 Supplemental Information
Q3 Fiscal 2022 Supplemental Information
Slide 2: Revenue Composition
2 Revenue Composition ($ in thousands) Quarter Ended June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 Software and related service revenue SaaS(1) $ 8,450 $ 7,899 $ 6,310 $ 6,173 $ 6,107 $ 5,632 Transaction-based(2) 3,253 2,642 2,325 2,081 2,144 1,393 Ma
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: Q3 Fiscal 2022 GAAP Measures
4 Q3 Fiscal 2022 GAAP Measures ($ in thousands) Three months ended June 30, 2022 Three months ended June 30, 2021(1) Merchant Services Proprietary Software and Payments Other Total Merchant Services Proprietary Software and Payments Other Total Income (loss) from operations $ 6,451 $ 2,248 $ (11,430
Slide 5: Q3 QTD Fiscal 2022 Segment Performance
5 Q3 QTD Fiscal 2022 Segment Performance(1) ($ in thousands) Three months ended June 30, Period over period growth2022 2021(2) Revenue Merchant Services $ 32,714 $ 29,963 9% Proprietary Software and Payments 47,839 33,729 42% Other — (563) (100)% Total $ 80,553 $ 63,129 28% Adjusted EBITDA(3) Mercha
Slide 6: Q3 YTD Fiscal 2022 Segment Performance
6 Q3 YTD Fiscal 2022 Segment Performance(1) ($ in thousands) Nine months ended June 30, Period over period growth2022 2021(2) Revenue Merchant Services 91,071 81,130 12% Proprietary Software and Payments 141,575 77,491 83% Other (34) (1,674) (98)% Total $ 232,612 $ 156,947 48% Adjusted EBITDA(3) Mer
Slide 7: Three Months Ended Non-GAAP Reconciliation
7 ($ in thousands) Three months ended June 30, 2022 Three months ended June 30, 2021(1) Merchant Services Proprietary Software and Payments Other Total Merchant Services Proprietary Software and Payments Other Total Income (loss) from operations $ 6,451 $ 2,248 $ (11,430) $ (2,731) $ 5,569 $ 3,054 $
Slide 8: Non-GAAP 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: Nine Months Ended Non-GAAP Reconciliation
9 ($ in thousands) Nine months ended June 30, 2022 Nine months ended June 30, 2021 Merchant Services Proprietary Software and Payments Other Total Merchant Services Proprietary Software and Payments Other Total Income (loss) from operations $ 17,849 $ 7,080 $ (34,592) $ (9,663) $ 15,106 $ 10,249 $ (
Slide 10: Non-GAAP 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 June 30, 2022 Revolving lines of credit to banks under the Senior Secured Credit Facility $ 207.4 Exchangeable Notes 103.3 Debt issuance costs, net (2.8) Total long-term debt, net of issuance costs $ 307.9 Non-GAAP Adjustmen