Root, Inc. Schedules Conference Call to Discuss First Quarter 2022 Financial Results

Rhea-AI Summary

Root, Inc. (NASDAQ: ROOT) announced a conference call on April 28, 2022, to discuss its first quarter financial results. The results will be available on April 27 in the investor relations section of their website. Additionally, Root will introduce Adjusted EBITDA as a new key performance metric to offer better insight into its business performance. This measure excludes certain non-cash and unusual transactions, aiming to reflect the company's underlying financial health more accurately.

Positive

• Introduction of Adjusted EBITDA to provide clearer business performance insights.

Negative

• No specific financial metrics or performance indicators provided regarding expected results.

COLUMBUS, Ohio, April 07, 2022 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, today announced its plans to host a conference call to discuss financial results for the first quarter of 2022 on April 28. The company plans to release first quarter results in the investor relations section of its website at ir.joinroot.com after the close of financial markets on April 27.

Webcast and Conference Call Details

	Date:		April 28, 2022
	Time:		8:00 a.m. Eastern Time
	Dial-in:		(833) 665-0682 (US and Canada)
			(929) 517-0176 (International)
	Conference ID: 3454712
	Webcast: https://ir.joinroot.com/news-events/events

A replay of the webcast will be made available for on-demand viewing after the call on the Investor Relations page of the Company’s website at ir.joinroot.com.

Adjusted EBITDA

Root also announced today that it plans to disclose a new key performance indicator, Adjusted EBITDA, a non-GAAP measure, to provide investors with useful insight into the underlying performance of our business excluding certain non-cash, unusual or infrequent transactions. We will define adjusted EBITDA as net loss excluding interest expense, income tax expense, depreciation, amortization, share-based compensation, warrant expense, and restructuring charges.

About Root Inc.

Root, Inc. is the parent company of Root Insurance Company. Root is a technology company revolutionizing insurance through data science and technology to provide consumers a personalized, easy, and fair experience.

Contacts

Media:
press@joinroot.com

Investor Relations:
Christine Patrick
VP, Investor Relations
ir@joinroot.com

Source: ROOT, INC.

FAQ

When will Root Inc. announce its Q1 2022 financial results?

Root Inc. will announce its Q1 2022 financial results on April 27, 2022.

What is Adjusted EBITDA and why is Root introducing it?

Adjusted EBITDA is a non-GAAP measure that Root is introducing to help investors understand the underlying performance of the business excluding certain non-cash and unusual transactions.

What time is Root Inc.'s conference call scheduled for April 28, 2022?

The conference call is scheduled for 8:00 a.m. Eastern Time on April 28, 2022.

How can investors access the webcast of Root's conference call?

Investors can access the webcast on Root's Investor Relations page at https://ir.joinroot.com/news-events/events.