TTCF Tattooed Chef Inc

Item 2.02 Results of Operations and Financial Condition.

On March 16, 2022, Tattooed Chef, Inc. (the “Company”, “we” or “our”) issued a press release and conducted a conference call, each of which announced financial results for the fourth quarter and full-year ended December 31, 2021 and provided outlook for the full fiscal year ending December 31, 2022. The information provided in the press release and on the conference call do not include certain financial statements, related footnotes and certain other financial information that will be filed with the Securities and Exchange Commission as part of the Company’s Annual Report on Form 10-K.

Both the press release and the conference call include the non-GAAP financial measure Adjusted EBITDA. The Company defines EBITDA as net income before interest, taxes, and depreciation. Adjusted EBITDA further adjusts EBITDA by adding back non-cash compensation expenses, non-recurring expenses, and other non-operational charges. The Company’s management uses this non-GAAP financial measure and related computations to evaluate and manage the business and to plan and make near and long-term operating and strategic decisions. The management team believes this non-GAAP financial measure is useful to investors to provide supplemental information in addition to the GAAP financial results. Management reviews the use of its primary key operating metrics from time-to-time. Adjusted EBITDA is not intended to be a substitute for any GAAP financial measure and, as calculated, may not be comparable to similarly titled measures of performance of other companies in other industries or within the same industry. The Company’s management team believes it is useful to provide investors with the same financial information that it uses internally to make comparisons of historical operating results, identify trends in underlying operating results, and evaluate its business. The press release contains a presentation of the most directly comparable financial measures calculated and presented in accordance with GAAP, as well as a reconciliation of the difference between Adjusted EBITDA and the most directly comparable financial measures calculated and presented in accordance with GAAP.

The information and exhibit A copy of the press release and a transcript of the conference call are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, each of which is hereby incorporated by reference into this Item 2.02. The information and exhibits contained in this Item 2.02 are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.