Mazor Robotics Ltd. | |||||||||||||||
RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES | |||||||||||||||
(U.S. Dollars in thousands, except per share data) | |||||||||||||||
(UNAUDITED) | |||||||||||||||
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| Nine months period |
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| Three months period | ||||||||||
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| ended September 30, |
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| ended September 30, | ||||||||||
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| 2018 |
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| 2017 |
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| 2018 |
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| 2017 | ||||
GAAP gross profit |
| $ | 21,248 |
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| $ | 29,903 |
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| $ | 4,775 |
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| $ | 11,604 |
Amortization of intangible assets |
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| 249 |
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| 250 |
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| 84 |
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| 85 |
Share-based payments |
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| 480 |
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| 248 |
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| 153 |
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| 140 |
Non-GAAP gross profit |
| $ | 21,977 |
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| $ | 30,401 |
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| $ | 5,012 |
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| $ | 11,829 |
GAAP gross profit as percentage of revenues |
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| 54.7% |
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| 65.3% |
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| 47.3% |
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| 62.3% |
Non-GAAP gross profit as percentage of revenues |
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| 56.6% |
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| 66.4% |
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| 49.7% |
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| 63.5% |
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GAAP operating expenses |
| $ | 44,057 |
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| $ | 43,640 |
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| $ | 22,258 |
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| $ | 15,740 |
Share-based payments: |
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Research and development |
| $ | 1,300 |
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| $ | 641 |
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| $ | 463 |
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| $ | 289 |
| Selling and marketing |
| $ | 2,032 |
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| $ | 2,363 |
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| $ | 660 |
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| $ | 1,512 |
| General and administrative |
| $ | 1,787 |
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| $ | 1,723 |
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| $ | 420 |
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| $ | 612 |
| Merger agreement costs |
| $ | 10,800 |
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| $ | - |
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| $ | 10,800 |
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| $ | - |
| Non-GAAP operating expenses |
| $ | 28,138 |
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| $ | 38,913 |
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| $ | 9,915 |
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| $ | 13,327 |
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| GAAP operating loss |
| $ | (22,809) |
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| $ | (13,737) |
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| $ | (17,483) |
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| $ | (4,136) |
| Non-GAAP operating loss |
| $ | (6,161) |
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| $ | (8,512) |
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| $ | (4,903) |
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| $ | (1,498) |
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| GAAP net loss |
| $ | (22,061) |
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| $ | (12,856) |
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| $ | (16,943) |
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| $ | (3,948) |
| Share-based payments |
| $ | 5,599 |
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| $ | 4,975 |
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| $ | 1,696 |
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| $ | 2,553 |
| Amortization of intangible assets |
| $ | 249 |
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| $ | 250 |
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| $ | 84 |
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| $ | 85 |
| Merger agreement costs |
| $ | 10,800 |
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| $ | - |
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| $ | 10,800 |
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| $ | - |
| Non-GAAP net loss |
| $ | (5,413) |
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| $ | (7,631) |
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| $ | (4,363) |
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| $ | (1,310) |
| GAAP basic and diluted loss per share |
| $ | (0.42) |
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| $ | (0.27) |
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| $ | (0.32) |
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| $ | (0.08) |
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| Non-GAAP basic and diluted loss per share |
| $ | (0.10) |
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| $ | (0.16) |
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| $ | (0.08) |
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| $ | (0.03) |
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