PDF SOLUTIONS, INC.
RECONCILIATION OF GAAP GROSS MARGIN TO NON-GAAP GROSS MARGIN (UNAUDITED)
(In thousands)
| Three months ended | Six months ended | |||||||||||||||
| June 30, | March 31, | June 30, | June 30, | June 30, | ||||||||||||
| 2023 | 2023 | 2022 | 2023 | 2022 | ||||||||||||
| GAAP | ||||||||||||||||
| Total revenues | $ | 41,601 | $ | 40,759 | $ | 34,668 | $ | 82,360 | $ | 68,166 | ||||||
| Costs of revenues | 12,369 | 11,904 | 12,042 | 24,273 | 23,571 | |||||||||||
| GAAP gross profit | $ | 29,232 | $ | 28,855 | $ | 22,626 | $ | 58,087 | $ | 44,595 | ||||||
| GAAP gross margin | 70 | % | 71 | % | 65 | % | 71 | % | 65 | % | ||||||
| Non-GAAP | ||||||||||||||||
| GAAP gross profit | $ | 29,232 | $ | 28,855 | $ | 22,626 | $ | 58,087 | $ | 44,595 | ||||||
| Adjustments to reconcile GAAP to non-GAAP gross margin: | ||||||||||||||||
| Stock-based compensation expense | 938 | 964 | 655 | 1,902 | 1,383 | |||||||||||
| Amortization of acquired technology | 553 | 553 | 553 | 1,106 | 1,106 | |||||||||||
| Non-GAAP gross profit | $ | 30,723 | $ | 30,372 | $ | 23,834 | $ | 61,095 | $ | 47,084 | ||||||
| Non-GAAP gross margin | 74 | % | 75 | % | 69 | % | 74 | % | 69 | % | ||||||
