The following table provides a reconciliation of projected Non-GAAP net income to projected net (loss) income, the most comparable GAAP financial measure:
| (Unaudited) | ||||||||||||||||
|
Three Months Ending
June 30, 2024 |
Year Ending
December 31, 2024 | |||||||||||||||
| (in thousands) | Low | High | Low | High | ||||||||||||
| Net (loss) income | $ | (12,300 | ) | $ | (9,400 | ) | $ | 23,200 | $ | 30,900 | ||||||
| Stock-based compensation expense | 17,800 | 17,800 | 72,500 | 72,500 | ||||||||||||
| Amortization of intangible assets | 7,300 | 7,300 | 28,900 | 28,900 | ||||||||||||
| Non-cash interest expense | 400 | 400 | 1,500 | 1,500 | ||||||||||||
| Impact of non-GAAP tax rate(1) | (500 | ) | (1,100 | ) | (17,200 | ) | (18,900 | ) | ||||||||
| Special adjustments and other(2) | — | — | 1,000 | 1,000 | ||||||||||||
| Non-GAAP net income | $ | 12,700 | $ | 15,000 | $ | 109,900 | $ | 115,900 | ||||||||
