(1) Analytics revenue includes revenue from Cimetrix Incorporated, a wholly owned subsidiary acquired by the Company in December 2020.
PDF SOLUTIONS, INC.
RECONCILIATION OF GAAP GROSS MARGIN TO NON-GAAP GROSS MARGIN (UNAUDITED)
(In thousands)
| Three months ended | Year ended | |||||||||||||||
| December 31, | September 30, | December 31, | December 31, | December 31, | ||||||||||||
| 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||
| September 30, | ||||||||||||||||
| GAAP | ||||||||||||||||
| Total revenues | $ | 29,886 | $ | 29,555 | $ | 22,367 | $ | 111,060 | $ | 88,046 | ||||||
| Costs of revenues | 11,675 | 11,070 | 9,839 | 44,193 | 36,765 | |||||||||||
| GAAP gross profit | $ | 18,211 | $ | 18,485 | $ | 12,528 | $ | 66,867 | $ | 51,281 | ||||||
| GAAP gross margin | 61 | % | 63 | % | 56 | % | 60 | % | 58 | % | ||||||
| Non-GAAP | ||||||||||||||||
| GAAP gross profit | $ | 18,211 | $ | 18,485 | $ | 12,528 | $ | 66,867 | $ | 51,281 | ||||||
| Adjustments to reconcile GAAP to non-GAAP gross margin: | ||||||||||||||||
| Stock-based compensation expense | 703 | 670 | 872 | 2,563 | 3,454 | |||||||||||
| Amortization of acquired technology | 554 | 454 | 274 | 2,079 | 705 | |||||||||||
| Non-GAAP gross profit | $ | 19,468 | $ | 19,609 | $ | 13,674 | $ | 71,509 | $ | 55,440 | ||||||
| Non-GAAP gross margin | 65 | % | 66 | % | 61 | % | 64 | % | 63 | % | ||||||
