RECONCILIATION OF GAAP GROSS MARGIN TO NON-GAAP GROSS MARGIN (UNAUDITED)
(In thousands)
| Three months ended | Nine months ended | ||||||||||||||
| September 30, | June 30, | September 30, | September 30, | September 30, | |||||||||||
| 2023 | 2023 | 2022 | 2023 | 2022 | |||||||||||
| GAAP | |||||||||||||||
| Total revenues | $ | 42,350 | $ | 41,601 | $ | 39,860 | $ | 124,710 | $ | 108,026 | |||||
| Costs of revenues | 14,282 | 12,369 | 12,545 | 38,555 | 36,116 | ||||||||||
| GAAP gross profit | $ | 28,068 | $ | 29,232 | $ | 27,315 | $ | 86,155 | $ | 71,910 | |||||
| GAAP gross margin | 66 | % | 70 | % | 69 | % | 69 | % | 67 | % | |||||
| Non-GAAP | |||||||||||||||
| GAAP gross profit | $ | 28,068 | $ | 29,232 | $ | 27,315 | $ | 86,155 | $ | 71,910 | |||||
| Adjustments to reconcile GAAP to non-GAAP gross margin: | |||||||||||||||
| Stock-based compensation expense | 1,120 | 938 | 854 | 3,022 | 2,237 | ||||||||||
| Amortization of acquired technology | 574 | 553 | 553 | 1,680 | 1,660 | ||||||||||
| Non-GAAP gross profit | $ | 29,762 | $ | 30,723 | $ | 28,722 | $ | 90,857 | $ | 75,807 | |||||
| Non-GAAP gross margin | 70 | % | 74 | % | 72 | % | 73 | % | 70 | % | |||||
