(1) A reconciliation of GAAP to non-GAAP results has been provided in this press release in the accompanying Financial Tables. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”
(2) Percentages are calculated from accompanying Financial Tables and may differ from percentage change of numbers in Financial Highlights table due to rounding.
Financial Outlook
For the fiscal first quarter ending May 31, 2021, we expect:
Revenue between $54 million and $56 million
Adjusted EBITDA, a non-GAAP measure, between $(16) million and $(19) million
For the fiscal year ending February 28, 2022, we expect:
Revenue between $260 million and $265 million
Adjusted EBITDA, a non-GAAP measure, between $(38) million and $(42) million