Djo Finance 8-K Results of Operations and Financial Condition

Exhibit 99.1

Unaudited Quarterly Consolidated Financial Data (Net Sales and Adjusted EBITDA by quarter)

The tables below provide the Company’s unaudited net loss and Adjusted EBITDA for each of the four fiscal quarters of 2015 and 2014, excluding the financial results of the Empi business which are reflected in discontinued operations in the Company’s Statement of Operations, together with a reconciliation between net loss and Adjusted EBITDA for each fiscal quarter for 2015 and for 2014. For a more detailed description of the individual line items in the reconciliation below, refer to the reconciliation contained in “Management’s Discussion and Analysis of Financial Condition and Results from Operations” in our Annual Report on Form 10-K for the year ended December 31, 2015 filed on March 25, 2016 with the Securities and Exchange Commission. Our SEC documents are readily available on our website at www.DJOglobal.com.

Adjusted EBITDA is defined as net income (loss) attributable to DJOFL plus interest expense, net, income tax provision (benefit), and depreciation and amortization, further adjusted for certain non-cash items, non-recurring items and other adjustment items as permitted in calculating covenant compliance and other ratios under our $1,055.0 million term loan facility and $150.0 million revolving credit facility (“Credit Facilities”) and the Indentures governing our $1,015.0 million of 8.125% second lien notes and $298.5 million of 10.75% third lien notes (collectively, the “notes”). We believe that the presentation of Adjusted EBITDA is appropriate to provide additional information to investors about the calculation of, and compliance with, certain financial covenants and other ratios in our Credit Facilities and the Indentures governing the notes. Adjusted EBITDA is a material component of these calculations.

Adjusted EBITDA should not be considered as an alternative to net income (loss) or other performance measures presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”), or as an alternative to cash flow from operations as a measure of our liquidity. Adjusted EBITDA does not represent net income (loss) or cash flow from operations as those terms are defined by GAAP and does not necessarily indicate whether cash flows will be sufficient to fund cash needs. In particular, the definition of Adjusted EBITDA under our Credit Facilities and the Indentures governing the notes allows us to add back certain non-cash, extraordinary, unusual or non-recurring charges that are deducted in calculating net income (loss). However, these are expenses that may recur, vary greatly and are difficult to predict. While Adjusted EBITDA and similar measures are frequently used as measures of operations and the ability to meet debt service requirements, Adjusted EBITDA is not necessarily comparable to other similarly titled captions of other companies due to the potential inconsistencies in the method of calculation.

	Twelve Months Ended			Three Months Ended
	12/31/15			03/28/15			06/27/15			09/26/15			12/31/15
Net loss attributable to DJO Finance LLC	$	(340,927	)	$	(35,526	)	$	(77,977	)	$	(177,838	)	$	(49,586	)
Loss (income) from discontinued operations, net		157,580			(3,992	)		(14,873	)		152,536			23,909
Interest expense, net		172,290			42,866			44,564			42,127			42,733
Income tax expense, net		12,256			1,945			5,911			2,124			2,276
Depreciation and amortization		117,455			28,042			28,441			28,904			32,068
Stock-based compensation expense		1,805			613			539			298			355
Loss (gain) on disposal of assets		777			(225	)		40			396			566
Purchase accounting adjustments		821			287			—			382			152
Total non-cash items		3,403			675			579			1,076			1,073
Global business unit reorganization and integration		8,596			3,162			1,330			2,486			1,618
Acquisition related expenses and integration		8,635			499			556			2,927			4,653
Litigation, regulatory and settlements, net		8,864			944			1,642			1,304			4,974
Other non-recurring		4,247			711			1,114			1,343			1,079
ERP Implementation and other automation projects		3,634			728			830			1,080			996
Total non-recurring and integration charges		33,976			6,044			5,472			9,140			13,320
Blackstone monitoring fees		7,000			1,750			1,750			1,750			1,750
Noncontrolling interests		840			301			165			140			234
Loss on debt modification and extinguishment		68,474			—			67,967			335			172
Total other		7,594			4,228			(681	)		3,131			916
Total other adjustment items		83,908			6,279			69,201			5,356			3,072
Adjusted EBITDA (Pre LTM Adjustments)		239,941			46,333			61,318			63,425			68,865
Future cost savings (LTM only)		9,050
Adjusted EBITDA	$	248,991		$	46,333		$	61,318		$	63,425		$	68,865

	Twelve Months Ended			Three Months Ended
	12/31/14			03/29/14			06/28/14			09/27/14			12/31/14
Net loss attributable to DJO Finance LLC	$	(90,534	)	$	(36,522	)	$	(25,434	)	$	(21,206	)	$	(7,372	)
Income from discontinued operations, net		(21,742	)		(2,242	)		(1,135	)		(7,383	)		(10,982	)
Interest expense, net		174,325			43,676			43,593			43,287			43,769
Income tax benefit, net		(4,720	)		(1,055	)		(2,230	)		(1,257	)		(178	)
Depreciation and amortization		119,157			29,625			29,847			29,943			29,742
Stock-based compensation expense		1,869			444			487			343			595
Loss on disposal of assets		(761	)		(452	)		(875	)		198			368
Purchase accounting adjustments		(1,250	)		207			25			—			(1,482	)
Total non-cash items		(142	)		199			(363	)		541			(519	)
Global business unit reorganization and integration		9,753			4,275			3,551			655			1,272
Acquisition related expenses and integration		331			420			(121	)		23			9
CFO transition		227			107			121			(1	)		—
Litigation, regulatory and settlements, net		5,752			1,065			1,606			1,824			1,257
Other non-recurring		18,610			5,220			4,182			5,372			3,836
ERP Implementation and other automation projects		5,867			1,709			2,023			924			1,211
Total non-recurring and integration charges		40,540			12,796			11,362			8,797			7,585
Blackstone monitoring fees		7,000			1,750			1,750			1,750			1,750
Noncontrolling interests		972			349			226			74			323
Loss on debt modification and extinguishment		938			—			1,019			—			(81	)
Total other		5,476			150			(531	)		3,526			2,331
Total other adjustment items		14,386			2,249			2,464			5,350			4,323
Adjusted EBITDA	$	231,270		$	48,726		$	58,104		$	58,072		$	66,368