22 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: Selected Financial Data.
−Removed: The selected statement of operations data for the years ended December 31, 2020, 2019, and 2018 and the selected balance sheet data as of December 31, 2020 and 2019 are derived from our audited financial statements included elsewhere in this Annual Report.
−Removed: The selected balance sheet data as of December 31, 2018 is derived from audited financial statements that are not included in this Annual Report.
−Removed: We have included, in our opinion, all adjustments that we consider necessary for a fair presentation of the financial information set forth in those statements.
−Removed: Our historical results are not necessarily indicative of the results to be expected in any future period.
−Removed: You should read the following selected financial and other data in conjunction with the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our financial statements and related notes appearing elsewhere in this Annual Report.
−Removed: Statement of Operations Data
−Removed: Year Ended December 31,
−Removed: (In thousands, except share and per share data)
−Removed: Consignment and service revenue (1)
−Removed: Direct revenue
−Removed: Total revenue
−Removed: Cost of revenue:
−Removed: Cost of consignment and service revenue
−Removed: Cost of direct revenue
−Removed: Total cost of revenue
−Removed: Operating expenses (2) :
−Removed: Operations and technology
−Removed: Selling, general and administrative
−Removed: Total operating expenses
−Removed: Loss from operations
−Removed: Interest income
−Removed: Interest expense
−Removed: Other expense, net
−Removed: Loss before provision for income taxes
−Removed: Provision for income taxes
−Removed: Accretion of redeemable convertible preferred
−Removed: stock to redemption value
−Removed: Net loss attributable to common stockholders
−Removed: Net loss per share attributable to common
−Removed: stockholders, basic and diluted (3)
−Removed: Shares used to compute net loss per share
−Removed: attributable to common stockholders, basic
−Removed: and diluted (3)
−Removed: See Note 2 to our financial statements for an explanation of the immaterial correction of errors in 2019 related to inventory associated with commissions paid outside of our normal payment cycle to consignors for returned merchandise which have been corrected within consignment revenue.
−Removed: Operating expenses include stock-based compensation expense as follows:
−Removed: Year Ended December 31,
−Removed: (In thousands)
−Removed: Operations and technology
−Removed: Selling, general and administrative
−Removed: See Notes 2 and 14 to our financial statements for an explanation of the calculations of our basic and diluted net loss per share attributable to common stockholders and the weighted-average number of shares used in the computation of the per share amounts.
−Removed: Balance Sheet Data
−Removed: As of December 31,
−Removed: (In thousands)
−Removed: Cash and cash equivalents
−Removed: Short-term investments
−Removed: Total assets (1)
−Removed: Total liabilities
−Removed: Redeemable convertible preferred stock
−Removed: Convertible preferred stock
−Removed: Accumulated deficit
−Removed: Total stockholders’ equity (deficit)
−Removed: See Notes 2 to our financial statements for an explanation of the immaterial correction of errors in 2019 related to inventory associated with commissions paid outside of our normal payment cycle to consignors for returned merchandise which have been corrected within inventory and consignment revenue.
−Removed: Non-GAAP Financial Measures
−Removed: Adjusted EBITDA is a key performance measure that our management uses to assess our operating performance.
−Removed: Because Adjusted EBITDA facilitates internal comparisons of our historical operating performance on a more consistent basis, we use this measure as an overall assessment of our performance, to evaluate the effectiveness of our business strategies and for business planning purposes.
−Removed: Adjusted EBITDA may not be comparable to similarly titled metrics of other companies.
−Removed: We calculate Adjusted EBITDA as net loss before interest income, interest expense, net other expense, income tax provision and depreciation and amortization, further adjusted to exclude stock-based compensation and certain one-time expenses.
−Removed: Adjusted EBITDA has certain limitations as the measure excludes the impact of certain expenses that are included in our statements of operations that are necessary to run our business and should not be considered as an alternative to net loss or any other measure of financial performance calculated and presented in accordance with GAAP.
−Removed: The following table presents a reconciliation of Adjusted EBITDA from net loss for 2020, 2019, and 2018:
−Removed: Year Ended December 31,
−Removed: (In thousands)
−Removed: Adjusted EBITDA Reconciliation:
−Removed: Add (deduct):
−Removed: Depreciation and amortization
−Removed: Stock-based compensation
−Removed: Compensation expense related to stock sales by
−Removed: current and former employees
−Removed: Legal settlement
−Removed: Restructuring charges
−Removed: Abandoned offering costs
−Removed: Donation to TRR Foundation
−Removed: Vendor services settlement
−Removed: Interest income
−Removed: Interest expense
−Removed: Other expense, net
−Removed: Provision for income taxes
−Removed: Adjusted EBITDA
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.