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Press Release: PROS Holdings, Inc. Reports Fourth -5-

· 02/04/2021 16:15
CONTACT: Investor Contact:fees -- -- -- 319 Share-based compensation 2,710 2,930 9,670 11,451 ------ ------ ------ ------- Total general and administrative items $2,710 $3,025 $9,932 $12,137 ----- ----- ----- ------ Research and Development Items New headquarters noncash rent expense -- 189 517 796 Share-based compensation 1,647 1,360 6,061 5,209 ------ ------ ------ ------- Total research and development items $1,647 $1,549 $6,578 $ 6,005 ----- ----- ----- ------ Acquisition-related expenses $ -- $ 254 $ -- $ 502 ----- ----- ----- ------ PROS Holdings, Inc. Supplemental Reconciliation of GAAP to Non-GAAP Financial Measures (In thousands) (Unaudited) Three Months Ended Year Ended December December 31, 31, -------------------- ---------------------- 2020 2019 2020 2019 --------- --------- --------- ----------- Adjusted EBITDA GAAP Loss from Operations $(13,426) $(15,071) $(66,080) $(53,338) Acquisition-related expenses -- 254 -- 502 Amortization of acquisition-related intangibles 1,363 1,398 5,507 5,831 New headquarters noncash rent expense -- 555 1,479 2,218 Debt extinguishment fees -- -- -- 319 Share-based compensation 5,922 6,446 24,399 24,680 Depreciation and other amortization 2,387 2,208 8,827 8,039 Capitalized internal-use software development costs (421) (415) (1,686) (1,436) --------- --------- --------- --------- Adjusted EBITDA $ (4,175) $ (4,625) $(27,554) $(13,185) -------- -------- -------- -------- Net cash provided by (used in) operating activities $ 12,452 $ 12,852 $(49,389) $ 5,245 Purchase of property and equipment (excluding new headquarters) (601) (1,481) (2,248) (4,626) Purchase of intangible asset -- -- -- (50) Capitalized internal-use software development costs (421) (415) (1,686) (1,436) --------- --------- --------- --------- Free Cash Flow $ 11,430 $ 10,956 $(53,323) $ (867) -------- -------- -------- -------- Guidance Q1 2021 Guidance ---------------------- Low High --------- ----------- Adjusted EBITDA GAAP Loss from Operations $(24,300) $(23,300) Amortization of acquisition-related intangibles 900 900 Share-based compensation 8,200 8,200 Depreciation and other amortization 2,200 2,200 --------- --------- Adjusted EBITDA $(13,000) $(12,000) -------- --------

View source version on businesswire.com: https://www.businesswire.com/news/home/20210204005944/en/

PROS Investor Relations

Belinda Overdeput

713-335-5895

ir@pros.com

Media Contact:

Amanda Parrish

832-924-4731

aparrish@pros.com

(END) Dow Jones Newswires

February 04, 2021 16:15 ET (21:15 GMT)