About TaskUs
TaskUs is a leading provider of next-generation visitor and virtual outsourced experience at the world’s leading edge companies, helping clients represent, protect and grow their brands. Leveraging a cloud-based infrastructure, TaskUs serves clients in the fastest-growing industries. adding social media, e-commerce, gaming, media streaming, food delivery and ridesharing, technology, FinTech, and HealthTech. As of September 30, 2023, TaskUs has approximately 47,000 employees worldwide, at 28 locations in thirteen countries, including the United States. , the Philippines and India.
Forward-Looking Statements
This press release comprises “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements that are not past facts and also include, but are not limited to, statements that reflect our revisions regarding, among other things, our operations, monetary performance, our industry, the effect of the macroeconomic environment on our business and other non-previous statements, adding statements in the “Fourth Quarter and 2023 Outlook” of this press. . release. In some cases, you can identify such forward-looking statements by words such as “outlook,” “believes,” “expects,” “potential,” “continue,” “possibly,” “will. ” a”, “may also simply”, “seeks”, “predicts”, “intends”, “trend”, “plans”, “estimates”, “anticipates”, “positions us” or the negative edition of those words or others comparable words. These forward-looking statements are subject to various threats and doubts. Accordingly, there are or will be vital points that may also cause actual effects to differ materially from those indicated in those statements. The factors include, but are not limited to: our company’s dependence on key consumers; the threat of loss of business or non-payment by consumers; our inability to gain and retain new profitable consumers; the threat that we may provide insufficient service or cause disruption to our consumers’ businesses or fail to meet the quality criteria required of our consumers under our agreements; unauthorized or misplaced disclosure of non-public or other sensitive data, or security incidents and breaches; negative exposure or liability or difficulty recruiting and retaining workers; our inability to detect and deter criminal or fraudulent activity or other misconduct through our employees or third parties; global economic and political conditions, specifically in the social media, food delivery and transportation industries, from which we generate significant revenue; the dependence of our business on our overseas operations, specifically in the Philippines and India; our failure to comply with applicable knowledge privacy and security laws and regulations; our inability to anticipate visitors’ desires by adapting to market and generation trends; fluctuations opposite the U. S. dollar in the local currencies of the countries in which we operate; our inability to maintain and decorate our brand; competitive pressure on prices; adverse or questionable economic and political conditions; our dependence on higher control and key workers; the COVID-19 pandemic, to which are added the resulting global economic doubts and the measures adopted in reaction to the pandemic; increased worker expenses and adjustments to hard work legislation; inability to attract, hire, train and retain a sufficient number of qualified workers to support operations, reliance on proprietary or third-party data and generation systems; inability to maintain asset utilization levels, identify appropriate pricing and control costs; the control of Blackstone Inc. affiliates and our co-founders over us; and the dual class design of our usual stock. Additional threats and concerns come with, among others, those described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 filed with the Securities and Exchange Commission. Stock Market and Securities. Securities Commission (the “SEC”) in March. December 6, 2023, as those items may be updated from time to time in our periodic filings with the SEC, which are located on the SEC’s online page at www. sec. gov. These items should not be considered exhaustive and should be read in conjunction with other cautionary statements included in the company’s filings with the SEC. TaskUs undertakes no legal responsibility to publicly update or revise any forward-looking statements, whether as a result of new data, long-term developments or otherwise, unless required by law.
TaskUs supplements the effects reported in accordance with U. S. Sometimes Accepted Accounting Principles (GAAP) with non-GAAP monetary measures, such as adjusted net revenue stream, adjusted net revenue stream margin, adjusted EPS, EBITDA, EBITDA adjusted, adjusted EBITDA margin and loose margin. money flow. Parent Free Cash Flow (Excluding Earnings Payment), Adjusted EBITDA Conversion and Adjusted EBITDA Conversion (Excluding Earnings Payment). Management believes those metrics illustrate underlying trends in TaskUs’ business and uses them to identify budgets and operating objectives, speak internally and externally, manage TaskUs’ business, and benchmark its functionality. Management also believes such measures help investors compare TaskU’s operational functionality to its effects in prior periods. TaskUs expects to continue to provide GAAP monetary measures and certain non-GAAP monetary measures in its monetary effects, adding non-GAAP effects that exclude the impact of certain costs, gains and losses that must be included in our profit and loss measures. under GAAP. Because non-GAAP monetary measures reported through TaskU are not calculated in accordance with GAAP, those measures are not comparable to GAAP and likely would not be comparable to the described non-GAAP measures reported through other corporations in TaskU’s business sector. . Therefore, TaskU’s non-GAAP monetary measures are not worth comparing in isolation or replacing comparable GAAP measures, but rather deserve to be considered in conjunction with the data contained in TaskU’s consolidated monetary statements, which are prepared in accordance with GAAP. . Definitions of non-GAAP monetary measures and reconciliations to directly comparable maximum GAAP measures are provided in the following sections of this press release and in supplemental exhibits.
Investor ContactTrent ThrashIR@taskus. com
Media ContactLisa Wolfordmediainquiries@taskus. com
EBITDA and Adjusted EBITDA
EBITDA is a non-GAAP measure of profitability that represents a net source of income or loss for the period prior to the effect on the source of revenue, earnings or provisions, financing charges, impairment and amortization of intangible assets. forward-looking differences in functionality caused through adjustments in capital structures (which affect financing expenses), tax positions (such as the availability of net operating losses against which to offset taxable gains), charges and age of property, plants, and appliances (which affect relative depreciation expense), and the extent to which intangible assets are identifiable (which affects relative depreciation expense).
Adjusted EBITDA is a non-GAAP measure of profitability that represents EBITDA before certain factors that are considered to preclude comparison of the functionality of our business from one generation to the next or with other businesses. In the eras presented, we excluded adjusted EBITDA from the transaction. prices, gains, the effect of foreign exchange gains and losses, gains and losses on asset disposals, non-recurring severance and stock-based reimbursement expenses, as well as employers’ payroll taxes. Associated with stock-classified severance packages, which come with prices that must be accounted for as expenses on a GAAP basis. Our control believes that the inclusion of additional changes to EBITDA implemented in the presentation of Adjusted EBITDA is appropriate to provide more data to investors on certain significant non-monetary portions and portions that we do not expect to remain at the same point in the future.
Adjusted EBITDA margin represents adjusted EBITDA divided by revenue.
Adjusted net income is a non-GAAP profitability measure that represents the net source of income or loss for the prior generation to the effect of amortization of intangible assets and certain items deemed to preclude comparison of the functionality of our businesses. from one era to another. or with other companies. During the times presented, we have excluded from the adjusted net source of income the amortization of intangible assets, transaction prices, gains in value, the effect of foreign exchange gains and losses, gains and losses on asset disposals, non-recurring severance payments, severance compensation actions. the relevant employer pay expenses and payroll taxes with awards classified as stock and the similar effect on income tax source of certain pre-tax changes, which come with costs that must be expensed under GAAP . Our control believes that the inclusion of additional changes to the net source of income implemented in the adjusted net source of income presentation is appropriate to provide more information to investors regarding certain significant non-monetary items and unusual items that we believe they will not be maintained. . not at the same time of year. future.
Adjusted net revenue source margin is calculated as the adjusted net source of revenue divided by service revenue.
Tight EPS
Adjusted EPS is a non-GAAP measure of profitability that represents earnings available to shareholders, excluding the effect of certain items that are deemed to prevent the comparison of our company’s functionality consistently over time or with that of other businesses. Adjusted EPS is calculated as an adjusted net revenue source divided by our diluted weighted average number of consistent percentages outstanding, adding the effect of any non-uncommon potentially dilutive percentage equivalent that is anti-dilutive under GAAP: diluted net earnings consistent with percentage (“GAAP diluted EPS”), but dilutive with respect to adjusted EPS. Our control believes that the inclusion of additional changes in earnings consistent with the percentage implemented in the adjusted EPS presentation is appropriate to provide more data to investors on certain draconsistent with non-cash pieces and uncommon pieces that we do not expect to remain at the same point during the year ahead.
Free money flow is a measure of non-GAAP liquidity that represents our ability to generate more money through our business operations. The free money flow is calculated as the net money provided through operational activities for the time, minus the money used to acquire property, plants, and appliances. era. Our control believes that the inclusion of this non-GAAP measure, when reflected in our GAAP results, provides control and investors a greater understanding of our ability to generate more money for ongoing business operations and other capital deployments.
Free money (excluding the payment of winnings) is a measure of non-GAAP liquidity that represents loose money before the payment of earnings, which would preclude comparison of our company’s functionality from one era to another or with other companies. Our control believes that the inclusion of this additional adjustment in loose money is appropriate to provide more data to investors on this rare element that we do not expect to continue at the same time in the future.
Adjusted EBITDA translation represents loose money divided by adjusted EBITDA. Adjusted EBITDA translation (excluding earnings payments) represents loose cash (excluding earnings payments) divided by adjusted EBITDA.