Rambus Reports Second Quarter 2020 Financial Results

 

Rambus Inc.
Supplemental Reconciliation of GAAP to Non-GAAP Results
(In thousands)
(Unaudited)



Three Months Ended June 30,


2020


2019

Total operating expenses

$

56,246



$

82,316


Adjustments:




Stock-based compensation expense

(6,707)



(7,080)


Acquisition-related costs and retention bonus expense

(1,577)




Amortization of acquired intangible assets

(248)



(1,114)


Restructuring charges



(2,528)


Impairment of assets held for sale



(16,990)


Escrow settlement refund



296


Non-GAAP total operating expenses

$

47,714



$

54,900






Interest and other income (expense), net

$

2,017



$

4,438


Adjustments:




Interest income related to significant financing component from fixed-fee patent and technology licensing arrangements

(3,697)



(5,288)


Non-cash interest expense on convertible notes

1,798



1,702


Non-GAAP interest and other income (expense), net

$

118



$

852






 

Rambus Inc.
Reconciliation of GAAP Forward Looking Estimates to Non-GAAP Forward Looking Estimates
(In millions)
(Unaudited)


2020 Third Quarter Outlook

Three Months Ended
September 30, 2020


Low


High

Forward-looking operating costs and expenses

$

75.6



$

71.6


Adjustments:




Stock-based compensation expense

(7.0)



(7.0)


Amortization of acquired intangible assets

(4.5)



(4.5)


Forward-looking Non-GAAP operating costs and expenses

$

64.1



$

60.1






Forward-looking interest and other income (expense), net

$

1.5



$

1.5


Adjustments:




Interest income related to significant financing component from fixed-fee patent and technology licensing arrangements

(3.3)



(3.3)


Non-cash interest expense on convertible notes

1.8



1.8


Forward-looking Non-GAAP interest and other income (expense), net

$

0.0



$

0.0



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