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Press Release: Telenav Reports Second Quarter -4-

· 02/05/2021 06:30
CONTACT: Investor Relations:------ ------ ------ ------ Adjusted EBITDA $ 4,982 $14,286 $10,618 $16,842 ====== ====== ====== ====== Telenav, Inc. Unaudited Reconciliation of Non-GAAP Adjustments (in thousands) Reconciliation of Net Income (Loss) to Free Cash Flow Three Months Ended Six Months Ended December 31, December 31, ------------------ --------------------- 2020 2019 2020 2019 -------- -------- --------- ---------- Net income (loss) $ (60) $13,006 $ 3,275 $ 9,052 Loss on discontinued operations - 56 - 4,042 ------ ------ ------- ------ Income (loss) from continuing operations (60) 13,062 3,275 13,094 Adjustments to reconcile income (loss) from continuing operations to net cash provided by operating activities: Change in deferred revenue (1) (5,793) (1,309) (11,449) 9,036 Change in deferred costs (2) 4,586 (3,940) 9,280 (1,961) Changes in other operating assets and liabilities 13,088 2,240 2,262 8,722 Other adjustments (3) 3,134 2,291 6,579 5,622 ------ ------ ------- ------ Net cash provided by operating activities 14,955 12,344 9,947 34,513 Less: Purchases of property and equipment (88) (617) (155) (1,078) ------ ------ ------- ------ Free cash flow $14,867 $11,727 $ 9,792 $33,435 ====== ====== ======= ====== (1) Consists of product royalties, customized software development fees, service fees and subscription fees. (2) Consist primarily of third party content costs and customized software development expenses. (3) Consist primarily of depreciation and amortization, stock-based compensation expense and other non-cash items.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210205005064/en/

Bishop IR

Mike Bishop

415-894-9633

IR@telenav.com

(END) Dow Jones Newswires

February 05, 2021 06:30 ET (11:30 GMT)