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Press Release: Bill.com Reports Second Quarter -6-

· 02/04/2021 16:05
CONTACT: IR Contact:RECONCILIATION OF GAAP TO NON-GAAP DATA SIX MONTHS ENDED DECEMBER 31, 2019 (Unaudited, in thousands except percentages and per share amounts) Deferred costs Depreciation Loss on Stock-based (amortization and revaluation of compensation of deferred amortization warrant GAAP expense costs) expense liability Non-GAAP ------------- ----------------- ------------------ ----------------- ---------------- ----------- Total revenue $ 74,260 $ -- $ -- $ -- $ -- $74,260 Cost of revenue 18,934 (359) (399) (1,571) -- 16,605 ------- --- ------- --- ------- ---- ------- --- ---- ------ ------ Gross profit 55,326 359 399 1,571 -- 57,655 Gross margin 74.5% 0.5% 0.5% 2.1% 0.0% 77.6% Operating expenses Research and development 24,507 (1,755) 371 (198) -- 22,925 Sales and marketing 21,758 (877) 1,285 (143) -- 22,023 General and administrative 23,283 (2,360) -- (193) -- 20,730 ------- --- ------- --- ------- ----- ------- --- ---- ------ ------ Loss from operations (14,222) 5,351 (1,257) 2,105 -- (8,023) Other income, net 999 -- -- -- 717 1,716 ------- --- ------- ---- ------- ----- ------- ---- ---- ------ ------ Loss before provision for income taxes (13,223) 5,351 (1,257) 2,105 717 (6,307) Provision for income taxes 51 -- -- -- -- 51 ------- --- ------- ---- ------- ----- ------- ---- ---- ------ ------ Net loss $(13,274) $ 5,351 $ (1,257) $ 2,105 $ 717 $(6,358) ======= ======= ==== ======= ==== ======= ==== ==== ====== ====== Net loss per share attributable to common stockholders, basic and diluted (1) $ (0.87) $ (0.10) ======= ====== Weighted-average number of common shares used to compute net loss per share attributable to common stockholders, basic and diluted (2) 15,268 61,718 ======= === ====== (1) GAAP net loss per share attributable to common stockholders, basic and diluted $(0.87 ) Stock-based compensation expense 0.35 Deferred costs (amortization of deferred costs) (0.08 ) Depreciation and amortization expense 0.14 Loss on revaluation of warrant liability 0.04 Impact of the assumed conversion of redeemable convertible preferred stock 0.32 ------ Non-GAAP net loss per share attributable to common stockholders, basic and diluted $ (0.10) ====== (2) Shares used to compute GAAP net loss per share attributable to common stockholders, basic and diluted 15,268 Weighted average effect of the assumed conversion of redeemable convertible preferred stock from the date of issuance 46,450 ------ Shares used to compute non-GAAP net loss per share attributable to common stockholders, basic and diluted 61,718 ====== BILL.COM HOLDINGS, INC. FREE CASH FLOW (Unaudited, in thousands) Three months ended Six months ended December 31, December 31, ------------------- --------------------- 2020 2019 2020 2019 --------- -------- --------- ---------- Net cash used in operating activities $ (9,227) $(1,769) $(11,583) $(4,149) Purchases of property and equipment (7,742) (1,026) (13,636) (2,972) Capitalization of internal-use software costs (346) (125) (660) (340) ------- ------ ------- ------ Free cash flow $(17,315) $(2,920) $(25,879) $(7,461) ======= ====== ======= ====== BILL.COM HOLDINGS, INC. REMAINING PERFORMANCE OBLIGATIONS WITH FINANCIAL INSTITUTIONS (Unaudited, in thousands) December 31, June 30, 2020 2020 -------------- -------- Remaining performance obligations with financial institutions to be recognized as revenue: Within 1 year $ 17,803 $ 13,001 Thereafter 130,908 139,334 ---------- ------- Total $ 148,711 $152,335 ========== =======

View source version on businesswire.com: https://www.businesswire.com/news/home/20210204005987/en/

Karen Sansot

ksansot@hq.bill.com

Press Contact:

Oriana Branon

obrannon@hq.bill.com

619-997-0299

(END) Dow Jones Newswires

February 04, 2021 16:05 ET (21:05 GMT)