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, | ||||||||||||||||
| 2023 | 2023 | 2022 | 2023 | 2022 | ||||||||||||||||
| GAAP | ||||||||||||||||||||
| Total revenues | $ | 41,125 | $ | 42,350 | $ | 40,523 | $ | 165,835 | $ | 148,549 | ||||||||||
| Costs of revenues | 13,194 | 14,282 | 11,791 | 51,749 | 47,907 | |||||||||||||||
| GAAP gross profit | $ | 27,931 | $ | 28,068 | $ | 28,732 | $ | 114,086 | $ | 100,642 | ||||||||||
| GAAP gross margin | 68 | % | 66 | % | 71 | % | 69 | % | 68 | % | ||||||||||
| Non-GAAP | ||||||||||||||||||||
| GAAP gross profit | $ | 27,931 | $ | 28,068 | $ | 28,732 | $ | 114,086 | $ | 100,642 | ||||||||||
| Adjustments to reconcile GAAP to non-GAAP gross margin: | ||||||||||||||||||||
| Stock-based compensation expense | 1,147 | 1,120 | 737 | 4,169 | 2,974 | |||||||||||||||
| Amortization of acquired technology | 586 | 574 | 553 | 2,266 | 2,213 | |||||||||||||||
| Non-GAAP gross profit | $ | 29,664 | $ | 29,762 | $ | 30,022 | $ | 120,521 | $ | 105,829 | ||||||||||
| Non-GAAP gross margin | 72 | % | 70 | % | 74 | % | 73 | % | 71 | % | ||||||||||
