An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.” We have not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net income (loss) or to forecasted GAAP income (loss) before income taxes within this earnings release because we cannot, without unreasonable effort, calculate certain reconciling items with confidence due to the variability, complexity, and limited visibility of the adjusting items that would be excluded from forecasted Adjusted EBITDA. Reconciliation of GAAP to Non-GAAP Financial MeasuresĪ reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this earnings release. This outlook reflects an increase from our prior Adjusted EBITDA outlook of between breakeven and $10 million. To remain in a GAAP net loss position for 2023 and for Adjusted EBITDA to be in the range of $5 million and $15 million.This outlook reflects an increase from our prior outlook of $860 million to $880 million. Total revenue in the range of $875 million to $895 million, representing a growth rate of 34% to 37% year over year.Adjusted EBITDA was $5.4 million, compared to $(12.1) million.įor fiscal year 2023, Remitly currently expects:.Net loss was $28.3 million, compared to a net loss of $23.3 million.Revenue totaled $203.9 million, compared to $136.0 million, up 50%.Send volume increased to $8.5 billion, from $6.1 billion, up 40%.Active customers increased to 4.6 million, from 3.0 million, up 50%.(All comparisons relative to the first quarter of 2022 ) First Quarter 2023 Highlights and Key Operating Data
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