DayDayCook Provides Financial Update and Corporate Highlights - Seite 2
About DayDayCook – A Leader in Food Innovation
Founded in 2012, DayDayCook is a leading content-driven consumer brand offering easy and convenient ready-to-heat, ready-to-cook and ready-to-eat Asian food products. The company focuses on innovative and healthy meal solutions with a fast-growing omnichannel sales network in China and the U.S., and through a strong online presence globally. The Company builds brand recognition through culinary and lifestyle content across major social media and e-commerce platforms.
Use of Non-GAAP Financial Measure
We use earnings before interest expenses and income, income tax expense/(benefit) and depreciation, and amortization (“EBITDA”), a non-GAAP financial measure, in evaluating our operating results and for financial and operational decision-making purposes. EBITDA represents net loss excluding income tax expense/(benefit), interest expenses, interest income and depreciation and amortization. The Company provides EBITDA because we believe that investors and analysts may find it useful in measuring operating performance without regard to items such as income tax expense/(benefit), interest expenses and interest income and depreciation and amortization.
Reconciliation from net loss to EBITDA for the nine months ended September 30: | |||||||
2022 |
2023 |
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US$ |
US$ |
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Net loss | (14,435,292 | ) | (2,234,685 | ) | |||
Add: | |||||||
Income tax (benefit)/expense | (18,556 | ) | 621,840 | ||||
Interest expenses | 3,953,458 | 2,183,911 | |||||
Interest income | (52,533 | ) | (226,240 | ) | |||
Depreciation and amortization | 400,277 | 301,490 | |||||
EBITDA | (10,152,646 | ) | 646,316 |