<SEC-DOCUMENT>0001171843-17-006834.txt : 20171109
<SEC-HEADER>0001171843-17-006834.hdr.sgml : 20171109
<ACCEPTANCE-DATETIME>20171109160553
ACCESSION NUMBER:		0001171843-17-006834
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20171109
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171109
DATE AS OF CHANGE:		20171109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Trade Desk, Inc.
		CENTRAL INDEX KEY:			0001671933
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		IRS NUMBER:				271887399
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37879
		FILM NUMBER:		171190789

	BUSINESS ADDRESS:	
		STREET 1:		42 N. CHESTNUT STREET
		CITY:			VENTURA
		STATE:			CA
		ZIP:			93001
		BUSINESS PHONE:		(805) 585-3434

	MAIL ADDRESS:	
		STREET 1:		42 N. CHESTNUT STREET
		CITY:			VENTURA
		STATE:			CA
		ZIP:			93001
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k_110917.htm
<DESCRIPTION>FORM 8-K
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<p style="text-align: center;"><font style="font-size: 14pt;"><strong>UNITED STATES</strong><br><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br><strong>Washington, D.C. 20549</strong><br>_____________________</font></p>

<p style="text-transform: uppercase; text-align: center;"><font style="font-size: 14pt;"><strong>Form 8-K</strong><br>_____________________</font></p>

<p style="text-align: center;"><font style="font-size: 12pt;"><strong>CURRENT REPORT</strong></font></p>

<p style="text-align: center;"><font style="font-size: 12pt;"><strong>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</strong></font></p>

<p align="center"><font style="font-size: 10pt;">Date of Report (Date of earliest event Reported): <!--November 9, 2017-->November 9, 2017 &#160;</font></p>

<p align="center"><font style="font-size: 12pt;"><strong>THE TRADE DESK, INC.</strong></font><br><font style="font-size: 10pt;">(Exact Name of Registrant as Specified in Charter)</font></p>

<table style="width: 100%;" border="0" cellspacing="0" cellpadding="0">
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    <td align="center" width="33%"><font style="font-size: 10pt;"><strong>Delaware</strong></font></td>
    <td align="center" width="34%"><font style="font-size: 10pt;"><strong>001-37879</strong></font></td>
    <td align="center" width="33%"><font style="font-size: 10pt;"><strong>27-1887399</strong></font></td></tr>
<tr valign="top">
    <td align="center" width="33%"><font style="font-size: 10pt;">(State or Other Jurisdiction of Incorporation)</font></td>
    <td align="center" width="34%"><font style="font-size: 10pt;">(Commission File Number)</font></td>
    <td align="center" width="33%"><font style="font-size: 10pt;">(I.R.S. Employer Identification Number)</font></td></tr>
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<p><font style="font-size: 10pt;">&#160;</font></p>

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    <td align="center" width="50%"><font style="font-size: 10pt;"><strong>42 N. Chestnut Street, Ventura, California 93001</strong><!--UNITED STATES --></font></td></tr>
<tr valign="top">
    <td align="center" width="50%"><font style="font-size: 10pt;">(Address of Principal Executive Offices) (Zip Code)</font></td></tr>
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<p align="center"><font style="font-size: 10pt;"><strong>(805) 585-3434</strong><br>(Registrant's telephone number, including area code)</font></p>

<p align="center"><font style="font-size: 10pt;"><strong>Not Applicable</strong><br>(Former name or former address, if changed since last report)</font></p>

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    <td colspan="3"><font style="font-size: 10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:<br><br></font></td></tr>
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    <td width="21"><font style="font-size: 10pt;">&#160;</font></td>
    <td width="40"><font style="font-size: 10pt;">[  ]</font></td>
    <td nowrap="nowrap"><font style="font-size: 10pt;">&#160;&#160;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></td></tr>
<tr valign="top">
    <td width="21"><font style="font-size: 10pt;">&#160;</font></td>
    <td width="40"><font style="font-size: 10pt;">[  ]</font></td>
    <td nowrap="nowrap"><font style="font-size: 10pt;">&#160;&#160;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></td></tr>
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    <td width="21"><font style="font-size: 10pt;">&#160;</font></td>
    <td width="40"><font style="font-size: 10pt;">[  ]</font></td>
    <td nowrap="nowrap"><font style="font-size: 10pt;">&#160;&#160;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></td></tr>
<tr valign="top">
    <td width="21"><font style="font-size: 10pt;">&#160;</font></td>
    <td width="40"><font style="font-size: 10pt;">[  ]</font></td>
    <td nowrap="nowrap"><font style="font-size: 10pt;">&#160;&#160;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></td></tr>
</table>

<p style="font-size: 10pt; margin: 0pt;">&#160;</p>

<p style="font-size: 10pt; margin: 0pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &sect;230.405) or Rule&#160;12b-2&#160;of the Securities Exchange Act of 1934 (17 CFR&#160;&sect;240.12b-2).&#160;Emerging growth company [ X &#160;]</p>

<p style="font-size: 10pt; margin: 0pt;">&#160;</p>

<p style="font-size: 10pt; margin: 0pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ X &#160;]</p>

<div style="margin-top: 12pt; margin-bottom: 3pt;">

<div style="font-size: 1pt; border-top: Black 1.1pt solid; border-bottom: Black 2.5pt solid; width: 100%;"><font style="font-size: 10pt;">&#160;</font></div>&#160;</div><hr style="page-break-after: always;" noshade="noshade">

<p><font style="font-size: 10pt;">  <strong>  </strong></font></p>

<p><font style="font-size: 10pt;"><strong>Item 2.02. Results of Operations and Financial Condition.</strong></font></p>

<p><font style="font-size: 10pt;">

<p>&#160; &#160; &#160;On November 9, 2017, The Trade Desk, Inc. (the &#8220;Registrant&#8221;) issued a press release announcing its financial results for the quarter ended September 30, 2017. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K.</p>

<p>&#160; &#160; &#160;The information in this Current Report on Form 8-K and Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.</p></font></p>

<p><font style="font-size: 10pt;"><strong>  </strong></font></p>

<p><font style="font-size: 10pt;"><strong>Item 9.01. Financial Statements and Exhibits.</strong></font></p>

<p><font style="font-size: 10pt;">

<p>(d) Exhibits</p>

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    <td><a href="exh_991.htm"><font style="font-size: 10pt;">99.1</font></a></td>
    <td width="20"><font style="font-size: 10pt;">&#160;</font></td>
    <td><font style="font-size: 10pt;">Press release dated November 9, 2017 of the Registrant, announcing its financial results for the quarter ended September 30, 2017. </font></td></tr>
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<p><font style="font-size: 10pt;"></font></p><hr style="page-break-after: always;" noshade="noshade">

<p align="center"><font style="font-size: 10pt;"><strong>SIGNATURE</strong></font></p>

<p><font style="font-size: 10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>

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    <td valign="top" width="49%"><font style="font-size: 10pt;">&#160;</font></td>
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    <td width="49%"><font style="font-size: 10pt;">&#160;</font></td>
    <td width="2%"><font style="font-size: 10pt;">&#160;</font></td>
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    <td width="49%"><font style="font-size: 10pt;">Date: November 9, 2017</font></td>
    <td width="2%"><font style="font-size: 10pt;">By:&#160;</font></td>
    <td style="text-decoration: underline;" width="49%"><font style="font-size: 10pt;">/s/ Paul E. Ross&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></td></tr>
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    <td width="2%"><font style="font-size: 10pt;">&#160;</font></td>
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    <td width="49%"><font style="font-size: 10pt;">&#160;</font></td>
    <td width="2%"><font style="font-size: 10pt;">&#160;</font></td>
    <td width="49%"><font style="font-size: 10pt;">Chief Financial Officer<br>(Principal Financial and Accounting Officer)</font></td></tr>
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    <td width="49%"><font style="font-size: 10pt;">&#160;</font></td>
    <td width="2%"><font style="font-size: 10pt;">&#160;</font></td>
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<p style="text-align: center;"><font style="font-size: 10pt;"><strong>EXHIBIT INDEX</strong></font></p>

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    <td width="20"><font style="font-size: 10pt;">&#160;</font></td>
    <td style="text-decoration: underline;" valign="bottom"><font style="font-size: 10pt;"><strong>Description</strong></font></td></tr>
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    <td>&#160;</td>
    <td width="20"><font style="font-size: 10pt;">&#160;</font></td>
    <td><font style="font-size: 10pt;">&#160;</font></td></tr>
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    <td><a href="exh_991.htm"><font style="font-size: 10pt;">99.1</font></a></td>
    <td width="20"><font style="font-size: 10pt;">&#160;</font></td>
    <td><font style="font-size: 10pt;">Press release dated November 9, 2017 of the Registrant, announcing its financial results for the quarter ended September 30, 2017. </font></td></tr>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>

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<p style="text-align: right;"><strong>EXHIBIT 99.1</strong></p>

<p style="text-align: center;"><strong>The Trade Desk Reports Third Quarter Financial Results</strong></p>

<p style="text-align: center;">

<p>
 <p>LOS ANGELES, Nov.  09, 2017  (GLOBE NEWSWIRE) -- The Trade Desk, Inc. (NASDAQ:TTD), a provider of a global technology platform for buyers of advertising, today announced financial results for its third quarter ended September 30, 2017.&#160;<br></p>

<p>&#8220;Our third quarter results continue to highlight the growing programmatic movement and the success that an objective, independent, data-driven software platform can have in the marketplace. We again saw strength across all channels in our business, including mobile, audio and connected TV, that contributed to strong revenue growth and adjusted EBITDA&#8221; said Jeff Green, founder and CEO of The Trade Desk.&#160; &#8220;We also are seeing measurable increases in marketshare around the world. Spain, France, Singapore, Germany, Korea and Indonesia, all grew by over 100% in Q3 compared with a year ago.&#8221;</p>

<p><strong><u>Third Quarter 2017 Financial Highlights:</u></strong></p>

<p>The following table summarizes our consolidated financial results for the quarters ended September 30, 2017 and 2016 ($ in millions, except per share amounts):</p>

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    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">16.6</td>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">31</td>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">31</td>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
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<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
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<p>(1)&#160; Attributable to common stockholders-diluted.</p>

<p>Third Quarter and Recent Business Highlights Include:</p>

<p>&#183;&#160; Continued Omni-channel Growth: Omni-channel solutions remain a strategic focus for The Trade Desk as the industry continues shifting toward transparency and programmatic buying.&#160; Specific channel highlights include:</p>  <ul type="circle">

<li>Mobile (In-App, Video and Web) increased to 40% of total spend for the quarter highlighting the growing importance of this channel to advertisers.</li>

<li>Mobile In-App grew 77% from Q3 2016 to Q3 2017.</li>

<li>Mobile Video grew 140% from Q3 2016 to Q3 2017.</li>

<li>Connected TV grew 159% from Q3 2016 to Q3 2017.</li></ul>

<p>&#183;&#160; <strong>Strong Customer Retention:</strong> Customer retention remained over 95% during the quarter, as it has for the previous 15 quarters.</p>

<p>&#183;&#160; <strong>New Products and Features:</strong> The Trade Desk recently released many new product features and enhancements to its platform including:</p>  <ul type="circle">

<li>Released our Connected TV (CTV) audience targeting, retargeting, and measurement products which gives&#160;our customers the same functionalities as all the other channels in our platform.</li>

<li>Re-launched&#160;auto-optimization&#160;enhanced by our team of data scientists&#160;so customers see even better performance when they choose to let the algorithm optimize to their campaign goals.</li>

<li>Announced new data partnerships giving our customers access to declared age and gender data from premium third-party providers.</li>

<li>Provided first-to-market in-app viewability measurement capabilities to&#160;enhance&#160;transparency and aid in inventory discovery.</li></ul>

<p>&#183;<strong>&#160;</strong> <strong>Combatting Invalid Traffic:</strong> Partnered with White Ops to become the first advertising platform to block invalid impressions before they are purchased.</p>

<p>&#183;&#160; <strong>Cross Device Expansion:</strong> On October 24, 2017, The Trade Desk acquired certain assets of Adbrain Ltd. Combined with existing deterministic cross-device data sets, Adbrain&#8217;s technology gives The Trade Desk a proprietary device graph to match a user&#8217;s identity across different devices, driving better results for marketers and the best possible ad experience for consumers. &#160;</p>

<p><strong><u>Fourth Quarter and Revised Full Year 2017 Outlook:</u></strong></p>

<p>Mr. Green added, &#8220;We believe we have a strong business model that benefits from faster revenue growth than the programmatic industry and we are excited about the momentum we have as we close out the year and enter 2018. For the full year, we are raising our revenue guidance and adjusted EBITDA guidance. We now expect revenue to be about $306 million and adjusted EBITDA for 2017 to be about $90 million.&#8221;</p>

<p>The Trade Desk is providing its financial targets for the fourth quarter of 2017 and targets for its fiscal year 2017. The Company&#8217;s financial targets are as follows:<br><br> Fourth Quarter 2017:</p>  <ul type="disc">

<li>Revenue of $101 million</li>

<li>Adjusted EBITDA of $34 million</li></ul>

<p>Full Year 2017:</p>  <ul type="disc">

<li>Revenue about $306 million, revised from $303 million</li>

<li>Adjusted EBITDA about $90 million, revised from $88 million</li></ul>

<p>Reconciliation of adjusted EBITDA guidance to the closest corresponding U.S. GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the variability and complexity with respect to the charges excluded from this non-GAAP measures in particular, the measures and effects of our stock-based compensation expense that are directly impacted by unpredictable fluctuations in our share price. We expect the variability of the above charges could have a significant, and potentially unpredictable, impact on our future U.S. GAAP financial results.</p>

<p><strong>Use of Non-GAAP Financial Information</strong></p>

<p>Included within this press release are non-GAAP financial measures that supplement the Condensed Consolidated Statements of Operations of The Trade Desk, Inc. (the Company) prepared under generally accepted accounting principles (GAAP). These non-GAAP financial measures adjust the Company's actual results prepared under GAAP by excluding charges for depreciation and amortization, stock-based compensation, interest expense, secondary offering costs and changes in fair value of preferred stock warrant liabilities. A tax rate on the tax deductible portion of the stock-based compensation expense approximating 40% has been used in the computation of non-GAAP Net loss and non-GAAP diluted EPS attributed to common stockholders. Since the other excluded charges are non-taxable, a tax effect for those charges was not included. Also included in these non-GAAP financial measures are adjustments to diluted earnings per share amounts, as applicable, to reflect the conversion upon the Company&#8217;s IPO of all then-outstanding shares of convertible preferred stock into one third of one share of common stock using the as-if-converted method, as of January&#160;1, 2016, or the date of issuance, if later. Reconciliations of GAAP to non-GAAP amounts for the periods presented herein are provided in schedules accompanying this release and should be considered together with the Condensed Consolidated Statements of Operations. These non-GAAP measures are not meant as a substitute for GAAP, but are included solely for informational and comparative purposes. The Company's management believes that this information can assist investors in evaluating the Company's operational trends, financial performance, and cash generating capacity. Management believes these non-GAAP measures allow investors to evaluate the Company&#8217;s financial performance using some of the same measures as management. However, the non-GAAP financial measures should not be regarded as a replacement for or superior to corresponding, similarly captioned, GAAP measures and may be different from non-GAAP financial measures used by other companies.</p>

<p><strong>Third Quarter Fiscal Year 2017 Results Webcast and Conference Call Details</strong></p>  <ul type="disc">

<li><strong>When:</strong> November 9, 2017 at 2:00 P.M. Pacific Time (5:00 P.M. Eastern Time).</li>

<li><strong>Webcast:</strong> A live webcast of the call can be accessed from the Investor Relations section of The Trade Desk&#8217;s website at http://investors.thetradedesk.com/.&#160; Following the call, a replay will be available on the company&#8217;s website.</li>

<li><strong>Dial-in:</strong> To access the call via telephone in North America, please dial 866-682-6100.&#160; For international callers, please dial 1-404-267-0373.&#160; Participants should reference the conference call ID &#8220;The Trade Desk Call&#8221; after dialing in.</li>

<li><strong>Audio replay:</strong>&#160; An audio replay of the call will be available beginning about two hours after the call.&#160; To listen to the replay in North America, please dial 877-481-4010 (replay code: 22001).&#160; International callers, please dial 1-919-882-2331 (replay code: 22001). The audio replay will be available via telephone until November 16, 2017.</li></ul>

<p><strong>About The Trade Desk</strong></p>

<p>The Trade Desk&#153; (Nasdaq: TTD) is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize more expressive data-driven digital advertising campaigns across ad formats, including display, video, audio, native and social, on a multitude of devices, such as computers, mobile devices, and connected TV. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe, and Asia.</p>

<p><strong>Forward-Looking Statements:</strong></p>

<p>This document contains &#8220;forward-looking statements&#8221; within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to expectations concerning matters that (a)&#160;are not historical facts, (b)&#160;predict or forecast future events or results, or (c)&#160;embody assumptions that may prove to have been inaccurate, including statements relating to the industry and market trends, and the Company&#8217;s financial targets such as revenue and Adjusted EBITDA.&#160; When words such as &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;will&#8221;, &#8220;outlook&#8221; or similar expressions are used, the Company is making forward-looking statements.&#160;Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it cannot give readers any assurance that such expectations will prove correct.&#160;These forward-looking statements involve risks, uncertainties and assumptions, including those related to the Company&#8217;s limited operating history, which makes it difficult to evaluate the Company&#8217;s business and prospects, the market for programmatic advertising developing slower or differently than the Company&#8217;s expectations, the demands and expectations of clients and the ability to attract and retain clients. The actual results may differ materially from those anticipated in the forward-looking statements as a result of numerous factors, many of which are beyond the control of the Company. These are disclosed in the Company&#8217;s reports filed from time to time with the Securities and Exchange Commission, including its most recent Form 10-K and any subsequent filings on Forms 10-Q or 8-K, available at www.sec.gov. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company does not intend to update any forward-looking statement contained in this press release to reflect events or circumstances arising after the date hereof.</p>

<p align="left"><br><br></p>

<table style="width:100%; border-collapse:collapse;" style="border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; ">
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    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">11,600</td>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">42,842</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">31,282</td>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">7,292</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">35,777</td>
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    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">17,694</td>
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    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">97,035</td>
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    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">15,051</td>
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    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">40,038</td>
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    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">16,054</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">8,964</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">35,589</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">20,870</td>
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<tr>
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    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">5,825</td>
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    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">5,320</td>
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    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">1,602</td>
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    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">10,668</td>
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<tr>
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    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">3,644</td>
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    <td style="border-bottom: double black 3pt ; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">33,987</td>
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    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">10,229</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">972</td>
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    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">33,987</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">(37,007</td>
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<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">(3.23</td>
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<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">0.77</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">(3.23</td>
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<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">40,700</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">12,629</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">39,977</td>
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    <td style="border-bottom: double black 3pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">11,461</td>
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<tr>
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    <td style="border-bottom: double black 3pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">17,064</td>
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    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">43,919</td>
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    <td style="border-bottom: double black 3pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">11,461</td>
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<tr>
    <td colspan="17" style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">&#160;</td></tr>
</table>

<p align="center"><br><br><br></p>

<table style="width:100%; border-collapse:collapse;" style="border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; ">
<tr>
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<tr>
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<tr>
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<tr>
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<tr>
    <td colspan="17" style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="vertical-align: bottom ; "><strong>&#160;</strong></td>
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<tr>
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    <td style="vertical-align: bottom ; "><strong>&#160;</strong></td>
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    <td style="border-top: solid black 1pt ; vertical-align: bottom ; "><strong>&#160;</strong></td>
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    <td style="vertical-align: bottom ; "><strong>&#160;</strong></td>
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    <td style="vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="border-top: solid black 1pt ; vertical-align: bottom ; "><strong>&#160;</strong></td>
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<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">818</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">$</td>
    <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">75</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">$</td>
    <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">1,543</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">114</td>
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<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">1,500</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">200</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">3,277</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">318</td>
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<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">1,990</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">216</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">3,981</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">330</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">1,585</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">165</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">3,605</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">286</td>
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<tr>
    <td style="vertical-align: bottom ; ">Total</td>
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    <td style="border-bottom: double black 3pt ; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">5,893</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">656</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">12,406</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">1,048</td>
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<tr>
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</table>

<p align="center"><br><br></p>

<table style="width:100%; border-collapse:collapse;" style="border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; ">
<tr>
    <td colspan="9" style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td colspan="9" style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>THE TRADE DESK, INC.</strong></td></tr>
<tr>
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<tr>
    <td colspan="9" style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>(Amounts in thousands)</strong></td></tr>
<tr>
    <td colspan="9" style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>(Unaudited)</strong></td></tr>
<tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
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<tr>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="vertical-align: bottom ; "><strong>&#160;</strong></td>
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<tr>
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    <td style="vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
    <td style="vertical-align: bottom ; ">Current assets:</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
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    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">132,798</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">133,400</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">470,452</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">377,240</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">12,712</td>
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    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">5,763</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">615,962</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">516,403</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">17,396</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">14,779</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">1,778</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">1,778</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">7,495</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">4,636</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">642,631</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">537,596</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>LIABILITIES AND STOCKHOLDERS&#8217; EQUITY</strong></td>
    <td style="vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom ; ">Current liabilities:</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Accounts payable</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">370,532</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">$</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">321,163</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">25,405</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">22,973</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">395,937</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">344,136</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">27,000</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">25,847</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom ; ">Other liabilities, non-current</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">4,435</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">3,233</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom ; ">Total liabilities</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">427,372</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">373,216</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom ; ">Stockholders' equity:</td>
    <td style="vertical-align: bottom ; "><strong>&#160;</strong></td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom ; ">Preferred stock</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#8212;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#8212;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom ; ">Common stock</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#8212;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#8212;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">196,090</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">179,198</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">19,169</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">(14,818</td>
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<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">215,259</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">164,380</td>
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<tr>
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    <td style="border-bottom: double black 3pt ; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">642,631</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">537,596</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
</table>

<p><br></p>

<table style="width:100%; border-collapse:collapse;" style="border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; ">
<tr>
    <td colspan="9" style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td colspan="9" style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>THE TRADE DESK, INC.</strong></td></tr>
<tr>
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<tr>
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<tr>
    <td colspan="9" style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>(Unaudited)</strong></td></tr>
<tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
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<tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
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    <td colspan="3" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
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<tr>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
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<tr>
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<tr>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 5,157 </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 2,612 </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 1,048 </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212; </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 9,458 </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 426 </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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<tr>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (82,322</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (7,296</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (2,425</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Accounts payable</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 51,855 </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 94,352 </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 25.0px; vertical-align: bottom ; ">Accrued expenses and other liabilities</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 3,506 </td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 5,252 </td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 30.0px; vertical-align: bottom ; ">Net cash provided by operating activities</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 7,031 </td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 38,987 </td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="vertical-align: bottom ; ">&#160;</td>
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    <td colspan="3" style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (8,357</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (3,516</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (2,479</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (1,796</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (10,836</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (5,312</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td></tr>
<tr>
    <td style="vertical-align: bottom ; ">FINANCING ACTIVITIES:</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Proceeds from line of credit</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212; </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 75,847 </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Repayment on line of credit</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212; </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (40,000</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Repayment of term debt</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212; </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (30,000</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Payment of debt financing costs</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (153</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (976</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Payment of financing obligations</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (677</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (326</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Proceeds from issuance of Series C convertible preferred stock</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212; </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 60,000 </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Repurchase of preferred stock and common stock</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212; </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (54,000</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Proceeds from exercise of stock options</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 1,768 </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 433 </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Proceeds from employee stock purchase plan</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 2,294 </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212; </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212; </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212; </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212; </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 78,120 </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Payment of offering costs&#8212;initial public offering</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212; </td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (2,568</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 3,203 </td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 86,246 </td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (602</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">)</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 119,921 </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 133,400 </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 4,047 </td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom ; ">Cash and cash equivalents&#8212;End of period</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 132,798 </td>
    <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td>
    <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 123,968 </td>
    <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td colspan="9" style="vertical-align: bottom ; ">&#160;</td></tr>
</table>

<p><br></p>

<p>The following tables show the Company&#8217;s GAAP financial metrics reconciled to non-GAAP financial metrics included in this release.</p>

<table style="width:100%; border-collapse:collapse;" style="border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; ">
<tr>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="5" style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="5" style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="5" style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>September&#160;30,</strong></td></tr>
<tr>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>2017</strong></td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>2016</strong></td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>2017</strong></td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>2016</strong></td></tr>
<tr>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="11" style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; "><strong>(in thousands)</strong></td></tr>
<tr>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">Net income</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 10,229</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 3,644</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 33,987</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 10,202</td></tr>
<tr>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">Add back:</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Depreciation and amortization expense</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 1,968</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 959</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 5,157</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 2,612</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Stock-based compensation expense</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 5,893</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 656</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 12,406</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 1,048</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Interest expense</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 513</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 1,347</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 1,290</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 2,664</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Secondary offering costs</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 1,523</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Change in fair value of preferred stock warrant&#160;liabilities</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 4,653</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 9,458</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Provision for income taxes</td>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 1,602</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 10,668</td></tr>
<tr>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
    <td style="vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="2" style="vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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</table>

<p>&#160;</p>

<table style="width:100%; border-collapse:collapse;" style="border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; border-collapse: collapse; ">
<tr>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: center ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td></tr>
<tr>
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    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 10,229</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 972</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 33,987</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
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<tr>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">Add back (deduct):</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 5,893</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 12,406</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 1,048</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Secondary offering costs</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 1,523</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 47,209</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="vertical-align: bottom;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; ">Income attributable to convertible preferred stock</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 2,672</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 4,653</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 9,458</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 750</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; (300</td>
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<tr>
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    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
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    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
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    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 21,119</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 20,880</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 4,549</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 2</td>
    <td style="padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 430</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; &#8212;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 484</td>
    <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">Non-GAAP weighted average shares outstanding-diluted</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 44,245</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 38,613</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 43,919</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 37,376</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
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<tr>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
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    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 0.06</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 0.77</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
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<tr>
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    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 0.35</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 0.24</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 1.05</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">$</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160; 0.57</td>
    <td style="border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
<tr>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="text-align: left ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td colspan="3" style="text-align: right ;  vertical-align: bottom; vertical-align: bottom ; ">&#160;</td>
    <td style="vertical-align: bottom ; ">&#160;</td></tr>
</table>

<p><br></p>

<p><strong>Contact</strong><br>Investors<br>Chris Toth<br>Vice President Investor Relations, The Trade Desk<br>ir@thetradedesk.com<br>310-334-9183</p>

<p>Media<br>Austin Rotter<br>Associate Vice President, 5WPR<br>arotter@5wpr.com<br>646-862-6866</p> </p>

<p>
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