ZAGG INC AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except par value)
(Unaudited)

June 30, 2018December 31, 2017
ASSETS 
Current assets: 
Cash and cash equivalents $18,582 $24,989 
Accounts receivable, net of allowances of $431 and $734 83,990 123,220 
Inventories 69,662 75,046 
Income tax receivable 1,285 — 
Prepaid expenses and other current assets 5,463 4,547 
Total current assets 178,982 227,802 
Property and equipment, net of accumulated depreciation of $14,212 and $12,540 12,532 13,444 
Goodwill 12,272 12,272 
Intangible assets, net of accumulated amortization of $72,253 and $66,639 33,630 39,244 
Deferred income tax assets 23,914 24,403 
Other assets 3,846 3,426 
Total assets $265,176 $320,591 
LIABILITIES AND STOCKHOLDERS' EQUITY 
Current liabilities: 
Accounts payable $60,372 $96,472 
Income tax payable — 2,052 
Accrued liabilities 6,838 8,168 
Sales returns liability 34,620 34,536 
Accrued wages and wage related expenses 5,836 5,652 
Deferred revenue — 315 
Current portion of line of credit — 23,475 
Current portion of long-term debt, net of deferred loan costs of $0 and $141— 13,922 
Total current liabilities 107,666 184,592 
Non-current portion of line of credit20,000 — 
Total liabilities 127,666 184,592 
Stockholders' equity: 
Common stock, $0.001 par value; 100,000 shares authorized; 34,423 and 34,104 shares issued 34 34 
Additional paid-in capital94,977 96,145 
Accumulated other comprehensive loss (1,028)(348)
Treasury stock, 6,247 and 6,065 common shares at cost (40,643)(37,637)
Retained earnings 84,170 77,805 
Total stockholders' equity 137,510 135,999 
Total liabilities and stockholders' equity $265,176 $320,591 




ZAGG INC AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)
Three Months EndedSix Months Ended
June 30, 2018June 30, 2017June 30, 2018June 30, 2017
Net sales $118,565 $115,227 $230,631 $208,173 
Cost of sales 80,908 79,403 155,381 143,743 
Gross profit 37,657 35,824 75,250 64,430 
Operating expenses: 
Advertising and marketing 2,638 2,070 5,233 5,076 
Selling, general and administrative 27,035 24,952 51,342 52,006 
Transaction costs 18 300 18 515 
Impairment of intangible asset — — — 1,959 
Amortization of intangible assets 2,773 3,005 5,545 6,026 
Total operating expenses 32,464 30,327 62,138 65,582 
Income (loss) from operations 5,193 5,497 13,112 (1,152)
Other income (expense): 
Interest expense (346)(619)(846)(1,110)
Other (expense) income (681)67 (186)48 
Total other expense (1,027)(552)(1,032)(1,062)
Income (loss) before provision for income taxes 4,166 4,945 12,080 (2,214)
Income tax provision (951)(1,542)(1,835)(521)
Net income (loss) $3,215 $3,403 $10,245 $(2,735)
Earnings (loss) per share attributable to stockholders: 
Basic earnings (loss) per share $0.11 $0.12 $0.36 $(0.10)
Diluted earnings (loss) per share $0.11 $0.12 $0.36 $(0.10)




ZAGG INC AND SUBSIDIARIES
RECONCILIATION OF NON-U.S. GAAP FINANCIAL INFORMATION TO U.S. GAAP
(in thousands)
(Unaudited)
UNAUDITED SUPPLEMENTAL DATA
The following information is not a financial measure under generally accepted accounting principles (GAAP). In addition, it should not be construed as an alternative to any other measures of performance determined in accordance with GAAP, or as an indicator of our operating performance, liquidity or cash flows generated by operating, investing and financing activities as there may be significant factors or trends that it fails to address. We present this financial information because we believe that it is helpful to some investors as a measure of our operations. We caution investors that non-GAAP financial information, by its nature, departs from traditional accounting conventions; accordingly, its use can make it difficult to compare our results with our results from other reporting periods and with the results of other companies.
Three Months EndedSix Months Ended
Adjusted EBITDA ReconciliationJune 30, 2018June 30, 2017June 30, 2018June 30, 2017
Net income (loss) in accordance with U.S. GAAP $3,215 $3,403 $10,245 $(2,735)
Adjustments:
a.Stock-based compensation expense807 966 1,408 1,636 
b.Depreciation and amortization4,200 5,233 9,230 11,022 
c.Impairment of intangible asset — — — 1,959 
d.Other expense, net 1,027 552 1,032 1,062 
e.Transaction expenses 18 300 18 515 
f.mophie restructuring charges — 23 — 437 
g.mophie employee retention bonus — 46 — 346 
h.Consulting fee to former CEO 700 — 700 — 
i.Income tax provision 951 1,542 1,835 521 
Adjusted EBITDA $10,918 $12,065 $24,468 $14,763 

Years Ended
Guidance*Actual
Adjusted EBITDA ReconciliationDecember 31, 2018December 31, 2017
Net income in accordance with U.S. GAAP $40,200 $15,100 
Adjustments:
a.Stock-based compensation expense3,667 3,602 
b.Depreciation and amortization18,358 21,888 
c.Impairment of intangible asset — 1,959 
d.Other expense 1,375 1,383 
e.mophie restructuring charges — 437 
f.mophie employee retention bonus — 346 
g.Income tax provision 14,900 28,252 
Adjusted EBITDA $78,500 $72,967 
*Midpoint of 2018 guidance 


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